Tredegar (TG) officer has 2,523 shares withheld for taxes, retains over 67,000
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tredegar Corp officer Frasier W. Brickhouse II reported a routine tax-related share disposition tied to equity compensation. On the vesting of previously granted restricted stock, 2,523 shares of Tredegar common stock were withheld by the company at $9.36 per share to cover the resulting tax liability. After this withholding, Brickhouse directly holds 67,592 shares of Tredegar common stock and has an additional 4,886 shares reported in the Tredegar Corporation Retirement Savings (401(k)) Plan, reflecting his remaining equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Brickhouse Frasier W II
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Tredegar Common Stock | 2,523 | $9.36 | $24K |
| holding | Tredegar Common Stock | -- | -- | -- |
Holdings After Transaction:
Tredegar Common Stock — 67,592 shares (Direct, null);
Tredegar Common Stock — 4,886 shares (Indirect, 401(k) Plan)
Footnotes (1)
- Represents shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of shares of restricted stock previously granted on May 11, 2023. Shares as reported by the Tredegar Corporation Retirement Savings Plan trustee.
Key Figures
Tax-withheld shares: 2,523 shares
Withholding price: $9.36 per share
Direct holdings after transaction: 67,592 shares
+3 more
6 metrics
Tax-withheld shares
2,523 shares
Shares withheld to cover tax liability on vested restricted stock
Withholding price
$9.36 per share
Price used for tax-withholding disposition on Tredegar common stock
Direct holdings after transaction
67,592 shares
Tredegar common stock directly owned by Brickhouse after withholding
Indirect 401(k) holdings
4,886 shares
Tredegar shares in Tredegar Corporation Retirement Savings (401(k)) Plan
Tax-withholding count
1 transaction
Number of F-code tax-withholding dispositions in this Form 4
Tax-withholding shares total
2,523 shares
Total shares in F-code disposition per transaction summary
Key Terms
restricted stock, tax liability, 401(k) Plan, Retirement Savings Plan, +1 more
5 terms
restricted stock financial
"the vesting of shares of restricted stock previously granted on May 11, 2023"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax liability financial
"shares withheld by the Issuer for payment of the tax liability incurred upon the vesting"
401(k) Plan financial
"nature_of_ownership: 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Retirement Savings Plan financial
"Shares as reported by the Tredegar Corporation Retirement Savings Plan trustee"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Tredegar (TG) report for Frasier W. Brickhouse II?
Tredegar reported that Frasier W. Brickhouse II had 2,523 shares of common stock withheld to cover tax liabilities from vested restricted stock. This is coded as an F transaction, indicating a tax-withholding disposition rather than an open-market sale.
What does the indirect Tredegar (TG) holding in the 401(k) Plan represent?
The Form 4 lists 4,886 shares of Tredegar common stock held indirectly through the Tredegar Corporation Retirement Savings (401(k)) Plan. These plan-reported shares reflect retirement savings investments, separate from his directly owned share position.