Randall Nicholas J 4
4 · FreightCar America, Inc. · Filed Jun 27, 2023
Insider Transaction Report
Form 4
Randall Nicholas J
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option
2023-06-26+300,000→ 300,000 totalExercise: $2.73Exp: 2033-06-26→ Common Stock (300,000 underlying)
Footnotes (3)
- [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.