Form 4: FreightCar America CCO Reports Stock Disposition for Taxes

FreightCar America's Chief Commercial Officer, W. Matthew Tonn, reported the disposition of 12,328 shares of common stock at $10.76 per share to satisfy tax withholding obligations.

Summary

• W. Matthew Tonn, Chief Commercial Officer of FreightCar America, Inc. (RAIL), reported a disposition of common stock.
• The transaction involved 12,328 shares of common stock.
• The shares were disposed of at a price of $10.76 per share.
• The disposition was made to satisfy tax withholding obligations of the reporting person.
• Following this transaction, W. Matthew Tonn beneficially owns 239,151 shares of common stock.
• The Form 4 filing was submitted late due to an inadvertent administrative error.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction for tax withholding purposes. The late filing due to administrative error is a minor issue, not impacting the company's financial health or operational outlook.

Risks

• Administrative error leading to the late filing of a required SEC document.

Future Outlook

N/A. This filing reports a past insider transaction and does not contain forward-looking statements or guidance.

Management Comments

• This Form 4 is being filed late due to inadvertent administrative error.
• Shares withheld by the Company to satisfy tax withholding obligations of the Reporting Person.

Industry Context

This is a routine insider transaction filing and does not provide information relevant to broader industry trends or competitor analysis.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes.
• Management: The Chief Commercial Officer's beneficial ownership changed due to a tax obligation.

Key Dates

Keywords

FreightCar America, RAIL, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, W. Matthew Tonn, Chief Commercial Officer