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Stock-Based Compensation
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Stock-Based Compensation

Note 13 – Stock-Based Compensation

 

Total stock-based compensation was $761 and $766 for the three months ended June 30, 2025 and 2024, respectively, and $2,701 and $1,526 for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, there was $2,074 of unearned compensation expense related to restricted stock awards, which will be recognized over the remaining weighted average requisite service period of 26 months. As of June 30, 2025, there was $1,709 of unearned compensation expense related to time-vested stock options, which will be recognized over the remaining requisite service period of 24 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. As of June 30, 2025, there was $61 of unrecognized compensation expense related to the Inducement Options, which will be recognized over the remaining requisite service period of 12 months.