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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2023
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation

Note 11 – Stock-Based Compensation

 

Total stock-based compensation was $715 and $817 for the three months ended September 30, 2023 and 2022, respectively and $524 and $2,307 for the nine months ended September 30, 2023 and 2022, respectively. As of September 30, 2023, there was $1,509 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighted average requisite service period of 20 months. As of September 30, 2023, there was $1,471 of unearned compensation related to time-vested stock options, which will be recognized over the remaining requisite service period of 23 months. As of September 30, 2023, there was $85 of unearned compensation related to the cash settled stock appreciation rights, which will be recognized over the remaining requisite service period of 4 months.

 

In June 2023, the Company issued 300,000 inducement stock options (the “Inducement Options”) outside of The FreightCar America, Inc. 2022 Long Term Incentive Plan to one individual. Total stock-based compensation related to the Inducement Options was $81 for the three and nine months ended September 30, 2023.