Kelly Travis D 4
Research Summary
AI-generated summary
FreightCar America (RAIL) Director Travis D. Kelly Receives Award
What Happened
Travis D. Kelly, a director of FreightCar America, was granted 8,959 restricted shares (code A) on April 10, 2026 at an effective price of $8.93 per share — a total grant value of approximately $80,004. This was an award of restricted stock under the issuer’s 2022 Long Term Incentive Plan rather than an open-market purchase or sale.
Key Details
- Transaction date: April 10, 2026; Price per share: $8.93; Shares granted: 8,959; Total value: ~$80,004.
- Vesting: Shares vest at the close of business on the earlier of (i) April 10, 2027 or (ii) the last trading day before the company’s 2027 Annual Meeting of Stockholders (per filing footnote).
- Ownership: The securities are held by Carpe Skiem LLC; Travis D. Kelly owns 100% of that LLC and is deemed to beneficially own these securities.
- Filing timeliness: Form 4 was filed late due to an inadvertent administrative error (filing marked late — timeliness = 'L').
Context
Restricted-share awards are compensation and typically vest over time; they are not immediate open-market purchases and usually cannot be sold until vesting and any transfer restrictions lapse. This grant should be viewed as an insider compensation award rather than a direct market signal of buying or selling.