[Form 4] TREDEGAR CORP Insider Trading Activity

Rhea-AI Filing Summary

Insider dispositions reported for Tredegar Corp (TG). Multiple affiliated reporting persons including GAMCO Investors, Associated Capital Group, GGCP, Inc. and Mario J. Gabelli disclosed transactions in the issuer's common stock. The filing shows a sale on 09/16/2025 of 800 shares at $8.0863. After the reported activity, the filing lists indirect beneficial ownership positions of 5,700 shares (Investment Partnership I), 4,000 shares (Investment Partnership II) and 300 shares (Investment Partnership III). The report includes an explanatory note that the entities and Mr. Gabelli have less than 100% interest in the listed entities and disclaim ownership beyond their pecuniary interests.

Positive

• Transparent disclosure of insider transactions by multiple affiliated reporting persons
• Clear explanatory note describing indirect ownership and ownership disclaimers

Negative

• Insider disposition reported: sale of 800 shares at $8.0863

Insights

Securities Analyst

TL;DR: Routine insider dispositions disclosed; transaction sizes are small relative to typical institutional positions and primarily reflect indirect holdings.

The Form 4 shows a specific sale of 800 shares at $8.0863 and enumerates indirect holdings across three investment partnerships totaling 10,000 shares disclosed across the table entries (5,700; 4,000; 300). The filing also clarifies ownership structure and disclaimers, indicating these entities report aggregated amounts that exceed direct pecuniary interests. For investors, this filing provides transparency on insider liquidity but does not by itself indicate change in control or material corporate action.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; explanatory ownership disclaimers appropriately documented.

The report is filed by multiple related reporting persons and includes signed attestations. It documents a sale and lists indirect beneficial ownership by investment partnerships, with an explicit disclaimer about less-than-100% interests. From a governance perspective, the form fulfills reporting obligations and clarifies the chain of beneficial ownership, supporting shareholder transparency.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TREDEGAR CORP [ TG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/16/2025		S		800	D	$8.0863	5,700	I	By: Investment Partnership I(1)
Common Stock								4,000	D(2)
Common Stock								4,000	I	By: Investment Partnership II(1)
Common Stock								300	I	By: Investment Partnership III(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

GAMCO INVESTORS, INC. ET AL

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Associated Capital Group, Inc.

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GGCP, INC.

(Last) (First) (Middle)

189 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

GABELLI MARIO J

(Last) (First) (Middle)

191 MASON STREET

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. GAMCO Investors, Inc. and Associated Capital Group, Inc. have less than a 100% interest in this entity; GGCP, Inc. has less than a 100% interest in GAMCO Investors, Inc. and Associated Capital Group, Inc.; and Mario J. Gabelli has less than a 100% interest in GGCP, Inc. The amount of securities reported as beneficially owned reflects the total amount of securities held by this entity which is greater that the Reporting Persons' indirect pecuniary interests. The Reporting Persons hereby disclaim ownership of these securities in excess of their pecuniary interests.

2. These shares are owned by Associated Capital Group, Inc.

	/s/ Douglas R. Jamieson, Attorney-In-Fact for MARIO J. GABELLI, GGCP INC., and ASSOCIATED CAPITAL GROUP, INC.	09/17/2025
	/s/ Peter D. Goldstein, General Counsel for GAMCO INVESTORS, INC.	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions were reported for Tredegar Corp (TG)?

The Form 4 reports a sale on 09/16/2025 of 800 shares at $8.0863 and lists indirect holdings via three investment partnerships.

Which entities filed the Form 4 for TG?

The filing was submitted on behalf of GAMCO Investors, Inc., Associated Capital Group, Inc., GGCP, Inc., and Mario J. Gabelli.

How many shares are shown as indirectly beneficially owned?

The filing lists indirect beneficial ownership amounts of 5,700, 4,000, and 300 shares via Investment Partnership I, II, and III respectively.

Does the filing explain the ownership structure?

Yes. The filing states the entities and Mr. Gabelli have less than 100% interest in the relevant entities and disclaim ownership beyond their pecuniary interests.

Are there derivative securities reported in this Form 4?

No derivative securities are listed in Table II; the reported transactions relate to common stock in Table I.