W. Matthew Tonn - 06 Jan 2023 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: Chief Commercial Officer
Signature: /s/ Celia Perez, as attorney in fact
Issuer symbol: RAIL
Transactions as of: 06 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 10 Jan 2023, 13:56:25 UTC
Previous filing: 13 Dec 2022
Next filing: 26 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIL	Common Stock	Award	$0	+39,014	+23%	$0.000000	209,569	06 Jan 2023	Direct	F1, F2

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
transaction	RAIL	Employee Stock Option	Award	$0	+55,908		$0.000000	55,908	06 Jan 2023	Common Stock	55,908	$3.22	Direct	F3, F4, F5
holding	RAIL	Employee Stock Option						47,849	06 Jan 2023	Common Stock	47,849	$3.82	Direct	F6
holding	RAIL	Employee Stock Option						49,162	06 Jan 2023	Common Stock	49,162	$3.81	Direct	F7
holding	RAIL	Employee Stock Option						300,000	06 Jan 2023	Common Stock	300,000	$2.38	Direct	F8
holding	RAIL	Employee Stock Option						144,090	06 Jan 2023	Common Stock	144,090	$1.66	Direct	F9

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

Explanation of Responses:

Id	Content
F1	Exempt issuance of restricted shares under Rule 16 b-3 pursuant to the Issuer's 2022 Long Term Incentive Plan. These shares were granted on January 6, 2023 and will vest on January 6, 2026. The restricted shares are subject to certain restrictions (including possible forfeiture).
F2	The restricted shares were granted pursuant to the Issuer's 2022 Long Term Incentive Plan and no consideration was paid by the recipient for the restricted shares.
F3	Exempt issuance of options under Rule 16(b)-3 pursuant to the Issuer's 2022 Long Term Incentive Plan.
F4	The options vest in three equal annual installments beginning on January 6, 2024.
F5	The options were granted pursuant to the Issuer's 2022 Long Term Incentive Plan, for which no consideration was paid by the recipient.
F6	On January 17, 2022, the recipient was granted 47,849 options which will vest in three equal annual installments beginning on January 17, 2023.
F7	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.
F8	On January 5, 2021, the recipient was granted 300,000 cash-settled stock appreciation rights. 201,000 cash-settled stock appreciation rights are fully vested and currently exercisable and 99,000 cash-settled stock appreciation rights will vest on January 5, 2024.
F9	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.