Director at FreightCar America (NASDAQ: RAIL) gets 8,175-share equity grant

Rhea-AI Filing Summary

Pickard Bradley J reported acquisition or exercise transactions in this Form 4 filing.

FreightCar America, Inc. director Bradley J. Pickard reported receiving a grant of 8,175 shares of common stock as equity compensation. The shares were valued at $8.16 per share for reporting purposes, and this grant brings his directly held stake shown in the filing to 8,175 shares.

The award consists of restricted shares granted under the company’s 2022 Long Term Incentive Plan. These shares will fully vest at the close of business on the earlier of April 10, 2027, or the last trading day before the company’s 2027 annual stockholder meeting, assuming continued service and satisfaction of plan terms.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Pickard Bradley J

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,175	$8.16	$67K

Holdings After Transaction: Common Stock — 8,175 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Restricted stock grant: 8,175 shares Grant valuation price: $8.16 per share Post-grant holdings: 8,175 shares +1 more

4 metrics

Restricted stock grant 8,175 shares Common Stock grant to director on June 10, 2026

Grant valuation price $8.16 per share Reported price per share for the restricted stock award

Post-grant holdings 8,175 shares Total common shares directly held after the transaction

Vesting date trigger April 10, 2027 Latest date when restricted shares will vest, subject to earlier meeting date

Key Terms

restricted shares, 2022 Long Term Incentive Plan, vest

3 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."

vest financial

"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."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Pickard Bradley J

(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)
06/10/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/10/2026		A(1)		8,175	A	$8.16	8,175	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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	06/16/2026
	** 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)

FAQ

What insider transaction did FreightCar America (RAIL) report for Bradley J. Pickard?

FreightCar America director Bradley J. Pickard received a grant of 8,175 shares of common stock. The shares were awarded as equity compensation, not bought on the open market, and are structured as restricted stock under the company’s 2022 Long Term Incentive Plan.

Was the FreightCar America (RAIL) Form 4 transaction a stock purchase or a grant?

The Form 4 shows a stock grant, not a market purchase. Bradley J. Pickard acquired 8,175 restricted shares as a compensation award, classified under code “A” for grant or award, rather than paying cash to buy shares in the open market.

At what price were Bradley J. Pickard’s FreightCar America (RAIL) shares reported?

The 8,175 restricted shares were reported at $8.16 per share for Form 4 purposes. This price reflects the value used in the filing for the equity grant, rather than a trade execution price from an open-market transaction.

When do Bradley J. Pickard’s restricted FreightCar America (RAIL) shares vest?

The restricted shares vest on the earlier of April 10, 2027, or the last trading day before FreightCar America’s 2027 annual stockholder meeting. Vesting is tied to continued service under the company’s 2022 Long Term Incentive Plan.

How many FreightCar America (RAIL) shares does Bradley J. Pickard hold after this grant?

After the reported grant, Bradley J. Pickard directly holds 8,175 shares of FreightCar America common stock. This figure reflects his direct ownership position as shown in the Form 4 following the equity award transaction.

What plan governs Bradley J. Pickard’s restricted stock grant at FreightCar America (RAIL)?

The grant was made under FreightCar America’s 2022 Long Term Incentive Plan. This plan provides equity-based awards, such as restricted shares, that typically vest over time to align director and executive incentives with long-term shareholder interests.