W. Matthew Tonn - Sep 26, 2022 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: Chief Commercial Officer
Signature: /s/ Celia Perez, as attorney in fact
Stock symbol: RAIL
Transactions as of: Sep 26, 2022
Transactions value $: -$44,536
Form type: 4
Date filed: 9/30/2022, 04:23 PM
Previous filing: May 13, 2022
Next filing: Dec 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIL	Common Stock	Tax liability	-$44.5K	-11.7K	-6.64%	$3.80	165K	Sep 26, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	RAIL	Employee Stock Option						47.8K	Sep 26, 2022	Common Stock	47.8K	$3.82	Direct	F2
holding	RAIL	Employee Stock Option						49.2K	Sep 26, 2022	Common Stock	49.2K	$3.81	Direct	F3
holding	RAIL	Employee Stock Option						300K	Sep 26, 2022	Common Stock	300K	$2.38	Direct	F4
holding	RAIL	Employee Stock Option						144K	Sep 26, 2022	Common Stock	144K	$1.66	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All of the shares reported as disposed of in this line item were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of restricted stock units. The Reporting Person did not sell or otherwise dispose of any of the shares reported in this line item for any reason other than to cover required taxes.
F2	On January 17, 2022, the recipient was granted 47,849 options which will vest in three equal annual installments beginning on January 17, 2023.
F3	On January 28, 2021, the recipient was granted 49,162 options. 16,715 options are fully vested and currently exercisable, 16,223 options will vest on January 28, 2023 and 16,224 options will vest on January 28, 2024.
F4	On January 5, 2021 the recipient was granted 300,000 cash-settled stock appreciation rights. 102,000 cash-settled stock appreciation rights are fully vested and currently exercisable, 99,000 cash-settled stock appreciations rights will vest on January 5, 2023 and 99,000 cash-settled stock appreciation rights will vest on January 5, 2024.
F5	On January 24, 2020 the recipient was granted 144,090 cash-settled stock appreciation rights. 96,541 cash-settled stock appreciation rights are fully vested and currently exercisable and 47,549 cash-settled stock appreciation rights will vest on January 24, 2023.