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Stock-Based Compensation
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation

Note 13 – Stock-Based Compensation

 

Total stock-based compensation was $804 and $715 for the three months ended September 30, 2024 and 2023, respectively, and $2,330 and $524 for the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024, there was $2,064 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighted average

requisite service period of 21 months. As of September 30, 2024, there was $1,751 of unearned compensation expense related to time-vested stock options, which will be recognized over the remaining requisite service period of 23 months. As of September 30, 2024, there was no unearned compensation expense related to cash settled stock appreciation rights.

 

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. As of September 30, 2024, there was $172 of unrecognized compensation expense related to the Inducement Options, which will be recognized over the remaining requisite service period of 21 months.