What is the nature of the FreightCar America (RAIL) share grant reported?

The transaction is coded as an acquisition by grant or award, representing 8,959 restricted shares under the 2022 Long Term Incentive Plan. It is part of the director’s compensation package and not an open-market trade, so it carries limited signaling value about stock valuation.

Director at FreightCar America (RAIL) gets restricted share grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Gil Benavides Jesus Salvador reported acquisition or exercise transactions in this Form 4 filing.

FreightCar America, Inc. director Gil Benavides Jesus Salvador reported receiving a grant of 8,959 restricted shares of common stock at $8.93 per share. This award was made under the company’s 2022 Long Term Incentive Plan and is compensation-related, not an open-market trade.

The restricted shares will vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 Annual Meeting of Stockholders. Following this grant, he directly holds 385,621 common shares. The Form 4 was filed late due to an inadvertent administrative error, as noted in the footnotes.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Gil Benavides Jesus Salvador

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,959	$8.93	$80K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 385,621 shares (Direct, null)

Footnotes (1)

This Form 4 is being filed late due to inadvertent administrative error. Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

Key Figures

Restricted share grant: 8,959 shares Grant reference price: $8.93/share Post-grant holdings: 385,621 shares +2 more

5 metrics

Restricted share grant 8,959 shares Common Stock award coded as grant/award acquisition

Grant reference price $8.93/share Price per share for the restricted stock grant

Post-grant holdings 385,621 shares Total common shares directly owned after the grant

Vesting date April 10, 2027 Latest potential vesting date for restricted shares

Form 4 timeliness note Filed late Footnote cites inadvertent administrative error

Key Terms

restricted shares, 2022 Long Term Incentive Plan, Form 4, Annual Meeting of Stockholders

4 terms

restricted shares financial

"Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan."

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

2022 Long Term Incentive Plan financial

"Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan."

Form 4 regulatory

"This Form 4 is being filed late due to inadvertent administrative error."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Annual Meeting of Stockholders regulatory

"the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders."

Form 4 Insider Transactions: What Each Field Means →

05/18/2026 - 11:31 AM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gil Benavides Jesus Salvador

(Last)

(First)

(Middle)

125 SOUTH WACKER DRIVE

SUITE 1500

(Street)

CHICAGO

ILLINOIS

60606

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FreightCar America, Inc. [ RAIL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/10/2026⁽¹⁾		A⁽²⁾		8,959	A	$8.93	385,621	D
Common Stock								640,603	D
Common Stock								316,013	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This Form 4 is being filed late due to inadvertent administrative error.

2. Reflects a grant of restricted shares under Issuer's 2022 Long Term Incentive Plan. Shares will vest at the close of business on the earlier of (i) April 10, 2027, or (ii) the last trading day before the date of the Company's 2027 Annual Meeting of Stockholders.

	/s/ Michael A. Riordan, as attorney in fact	05/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FreightCar America (RAIL) report on this Form 4?

FreightCar America reported that director Gil Benavides Jesus Salvador received a grant of 8,959 restricted shares of common stock at $8.93 per share. This is a compensation award, not an open-market purchase or sale, and increases his direct equity stake in the company.

How many FreightCar America (RAIL) shares does the director hold after the grant?

After the restricted share grant, the director directly holds 385,621 shares of FreightCar America common stock. This total reflects the new 8,959-share award and shows his ongoing equity exposure as a board member aligned with other shareholders’ interests.

When do the newly granted FreightCar America (RAIL) restricted shares vest?

The 8,959 restricted shares will vest on the earlier of April 10, 2027, or the last trading day before FreightCar America’s 2027 Annual Meeting of Stockholders. Until vesting, the shares are subject to forfeiture and other plan conditions under the 2022 Long Term Incentive Plan.

Was the FreightCar America (RAIL) Form 4 filing made on time?

The Form 4 was filed late, with the footnotes stating it was due to an inadvertent administrative error. This indicates the delay was procedural rather than related to the substance of the transaction, which involved a routine restricted share grant.

Does this FreightCar America (RAIL) Form 4 show any insider stock sales or purchases?

The summarized data show no open-market buys or sells. The only substantive transaction is a grant of 8,959 restricted shares classified as a compensation-related acquisition, with no reported sales or option exercises in the provided Form 4 information.