Form 4: CFO Riordan's FreightCar America Stock Transaction

FreightCar America's CFO, Michael Anthony Riordan, reported a disposition of 11,133 common shares for tax obligations, now holding 155,426 shares.

Summary

• Michael Anthony Riordan, VP Finance, CFO, and Treasurer of FreightCar America, Inc. (RAIL), reported a change in beneficial ownership.
• On January 6, 2026, Riordan disposed of 11,133 shares of common stock at a price of $10.76 per share.
• This disposition was due to shares being withheld by the company to satisfy tax withholding obligations of the reporting person.
• Following this transaction, Riordan beneficially owns 155,426 shares of FreightCar America common stock directly.
• The Form 4 filing was submitted late due to an inadvertent administrative error.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, non-discretionary transaction for tax purposes, with a minor administrative error in filing timeliness. It does not reflect positively or negatively on the company's performance or outlook.

Risks

• The Form 4 was filed late due to an inadvertent administrative error, indicating a minor administrative oversight.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• Shares were withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

Industry Context

This Form 4 filing pertains to an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders will note a slight reduction in the CFO's direct beneficial ownership, but this is due to a mandatory tax withholding event rather than a discretionary sale.

Key Dates

Recommendation

The filing details a routine, non-discretionary disposition of shares by the CFO to cover tax withholding obligations. This type of transaction does not reflect on the company's operational performance or future prospects and therefore does not warrant a change in investment recommendation based solely on this filing.

Keywords

FreightCar America, RAIL, Form 4, Insider Transaction, CFO, Stock Disposition, Tax Withholding, Beneficial Ownership