Form 4: FreightCar America Executive W. Matthew Tonn Increases Stake in Company
SEC Form 4
W. Matthew Tonn, Chief Commercial Officer of FreightCar America, recently acquired additional shares of common stock, increasing his beneficial ownership in the company.
Summary
- On May 21, 2024, W. Matthew Tonn acquired 4,400 shares of FreightCar America common stock at a price of $3.7 per share.
- On May 22, 2024, he acquired an additional 2,131 shares at $3.63 per share.
- Following these transactions, Tonn directly owns 247,099 shares of FreightCar America common stock.
- Tonn also holds employee stock options for a significant number of shares at various exercise prices and vesting schedules.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The insider buying could be interpreted as a positive signal, but it's a relatively small transaction.
Positives
- The Chief Commercial Officer increasing his stake in the company could be seen as a positive signal to investors.
Industry Context
Insider buying is often seen as a positive sign, suggesting that a company insider believes the company's stock is undervalued.
Stakeholder Impact
- The increased stake of a key executive could improve investor confidence.
Key Dates
| Date | Description |
|---|---|
| 01/24/2020 | Recipient was granted 144,090 cash-settled stock appreciation rights which are fully vested and currently exercisable. |
| 01/05/2021 | Recipient was granted 300,000 cash-settled stock appreciation rights which are fully vested and currently exercisable. |
| 01/28/2021 | Recipient was granted 49,162 options which are fully vested and currently exercisable. |
| 01/17/2022 | Recipient was granted 47,849 options. 32,058 options are fully vested and currently exercisable and 15,791 options will vest on January 17, 2025. |
| 01/06/2023 | Recipient was granted 55,908 options. 19,008 options are fully vested and currently exercisable, 18,450 options will vest on January 6, 2025, and 18,450 options will vest on January 6, 2026. |
| 05/21/2024 | W. Matthew Tonn acquired 4,400 shares of common stock at $3.7 per share. |
| 05/22/2024 | W. Matthew Tonn acquired 2,131 shares of common stock at $3.63 per share. |
| 05/24/2024 | Date of signature for the Form 4 filing. |
| 01/04/2025 | Options vest in three equal annual installments beginning on this date. |
| 01/06/2025 | 18,450 options will vest. |
| 01/17/2025 | 15,791 options will vest. |
| 01/06/2026 | 18,450 options will vest. |
| 01/24/2030 | Expiration date for Employee Stock Option. |
| 01/28/2031 | Expiration date for Employee Stock Option. |
| 01/05/2031 | Expiration date for Employee Stock Option. |
| 01/17/2032 | Expiration date for Employee Stock Option. |
| 01/06/2033 | Expiration date for Employee Stock Option. |
| 01/04/2034 | Expiration date for Employee Stock Option. |
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