FreightCar America Executive Compensation (FY25)
RAIL · Executive and director compensation, fiscal 2024 to 2025
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Data as of September 28, 2026Latest filing (8-K): April 15, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
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148 figures on this page: 138 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Nicholas Randall: $2,298,035 → $2,032,701 (11.5% lower)
Say-on-pay support: 96.7% → 97.6% (0.9 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is FreightCar America's chief executive and what were they paid?
Nicholas Randall was paid $2,032,701 in total compensation as President and CEO for fiscal 2025. Compared with the $2,298,035 reported for fiscal 2024, Randall's total was 11.5% lower.
What was FreightCar America's say-on-pay result?
Shareholders supported the say-on-pay proposal with 97.6% of votes cast including abstentions in favor at the meeting held April 10, 2026 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Nicholas Randall President and CEO | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
W. Matthew Tonn Chief Commercial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Riordan Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Nicholas Randall President and CEO | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michael Riordan Vice President, Chief Financial Officer and Treasurer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
W. Matthew Tonn Chief Commercial Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Michael Riordan | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| W. Matthew Tonn | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| Nicholas Randall | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
James R. Meyer Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Malcolm F. Moore Lead independent director | ◇ | ◇ | — | — | — | — | ◇ |
Elizabeth K. Arnold | ◇ | ◇ | — | — | — | — | ◇ |
Rodger L. Boehm | ◇ | ◇ | — | — | — | — | ◇ |
José De Nigris Felán | ◇ | ◇ | — | — | — | — | ◇ |
Travis D. Kelly | ◇ | ◇ | — | — | — | — | ◇ |
Jesús Salvador Gil Benavides | ◇ | ◇ | — | — | — | — | ◇ |
William D. Gehl | ◇ | — | — | — | — | — | ◇ |
Nicholas J. Randall served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as Restricted Shares.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | April 10, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 14, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 14, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 11, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | May 12, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | May 13, 2021 | = | ◇ | ◇ | ◇ |
| 2018 | May 9, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | May 10, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | May 11, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | May 12, 2016 | = | ◇ | ◇ | ◇ |
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What this page does not include
Everything above is a fact FreightCar America disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
148 figures on this page: 138 cited to the filing that reported them, 10 calculated from figures it prints.
138 cited to the filing
10 calculated from the filing
Documents cited
- 0001320854-26-000002Proposal 2 – Advisory Vote to Approve Executive Compensation Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the 2026 Proxy Stat
- 0001213900-26-031465Director Compensation · Outstanding Equity Awards at 2025 Fiscal Year-End · Summary Compensation Table
- 0000950170-25-074538Proposal 2 – Advisory Vote to Approve Executive Compensation Stockholders approved, on an advisory basis, the compensation of the Company’s named executive officers as disclosed in the 2025 Proxy Stat
- 0000950170-24-062428
- 0000950170-23-022223Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000950170-22-010287
- 0001171843-21-003621
- 0001171843-19-003254
- 0001171843-18-003897
- 0001171843-17-003056
- 0001193125-16-590272
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “FreightCar America executive compensation, FY2024–FY2025.” https://intel.velarion.ai/comp/RAIL (accessed 2026).
Short form: data: Velarion
The FreightCar America brief, $1,500
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
Both reports for $2,400.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}