Form 4: FreightCar America Executive Increases Stake Through Stock Option Exercise

Celia Perez, General Counsel and Corporate Secretary of FreightCar America, Inc., reported an increase in her beneficial ownership of company common stock following the exercise of derivative securities and subsequent tax-related disposal.

Summary

• Celia Perez, the General Counsel and Corporate Secretary of FreightCar America, Inc. (RAIL), reported transactions on June 4, 2025, involving the company's common stock.
• She acquired 9,050 shares of common stock through the exercise of a derivative security at an exercise price of $4.48 per share.
• Concurrently, she disposed of 6,498 shares of common stock at a price of $8.265 per share.
• These disposed shares were surrendered to the Issuer to cover the exercise price and tax withholding obligations related to the transaction.
• Following these reported transactions, Ms. Perez's direct beneficial ownership of FreightCar America common stock stands at 53,280 shares.

Sentiment

Score: 7

Explanation: The insider's net increase in ownership, even after accounting for tax-related disposals, generally indicates a positive sentiment and confidence in the company's future prospects. The profitable exercise of options further reinforces this positive view.

Positives

• The acquisition of 9,050 shares by an insider indicates continued confidence in the company's future prospects.
• The exercise price of $4.48 is significantly lower than the disposal price of $8.265, suggesting a profitable transaction for the insider.

Negatives

• The disposal of 6,498 shares, while for tax and exercise price purposes, reduces the net increase in direct ownership from the gross acquisition.

Future Outlook

This Form 4 filing reports specific insider transactions and does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document reports an individual insider transaction and does not provide information relevant to broader industry trends or competitive analysis within the freight railcar manufacturing sector.

Stakeholder Impact

• Shareholders may interpret the insider's net increase in ownership as a positive signal of management's belief in the company's value and future performance.

Key Dates

Keywords

FreightCar America, RAIL, Form 4, Insider Trading, Stock Ownership, Celia Perez, Common Stock, SEC Filing, Corporate Secretary, General Counsel, Stock Options, Equity Compensation