Nicholas J. Randall - 26 Jun 2023 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role
Chief Operating Officer
Signature
/s/ Celia Perez as attorney in fact
Issuer symbol
RAIL
Transactions as of
26 Jun 2023
Net transactions value
$0
Form type
4
Filing time
27 Jun 2023, 17:31:38 UTC
Next filing
08 Jan 2024
SEC
View on sec.gov

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 +300,000 $0.000000 300,000 26 Jun 2023 Common Stock 300,000 $2.73 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exempt issuance of inducement options under Rule 16(b)-3 as an inducement material to Reporting Person's entering into employment with the Issuer.
F2 Options will vest on the later of (i) the first date on which the closing price of one share of the Company's common stock is equal to or greater than 125% of the exercise price; and (ii) for 1/3 of the options on the first anniversary of the transaction date; for an additional 1/3 of the options, the second anniversary of the transaction date; for the final 1/3 of the options, the third anniversary of the transaction date.
F3 No consideration was paid by the recipient for the inducement options.