[Form 4] TREDEGAR CORP Insider Trading Activity

Rhea-AI Filing Summary

TREDEGAR CORP (TG) insiders reported transactions on 09/19/2025. GAMCO Investors, Associated Capital Group, GGCP, Inc., and Mario J. Gabelli, each identified as a director and 10% owner or affiliated with those entities, disclosed a sale of 2,700 shares of Tredegar common stock at a price of $8.1556 per share. After the reported transactions, the filing shows 3,000 shares beneficially owned indirectly through Investment Partnership I and additional indirect holdings of 4,000 and 300 shares through Investment Partnership II and III, respectively.

The filing clarifies ownership structure: GAMCO Investors and Associated Capital Group hold less than 100% of the named entities, GGCP holds less than 100% of GAMCO and Associated Capital, and Mario J. Gabelli holds less than 100% of GGCP; the reporting persons disclaim ownership beyond their pecuniary interests. The Form 4 is signed by authorized representatives on 09/22/2025.

Positive

• Transaction fully disclosed: Form 4 includes transaction date, transaction code, share quantity, and sale price.
• Ownership clarification provided: Filing explains layered, indirect ownership and disclaims ownership beyond pecuniary interests.
• Proper signatures: Form is signed by attorney-in-fact and general counsel dated 09/22/2025.

Negative

• None.

Insights

Securities Analyst

TL;DR: Insiders sold 2,700 shares at $8.1556; indirect holdings remain via multiple investment partnerships.

The Form 4 documents a disclosed sale of 2,700 Tredegar shares executed on 09/19/2025 at $8.1556 per share by entities affiliated with Mario J. Gabelli. Ownership disclosures list indirect beneficial holdings of 3,000, 4,000 and 300 shares held through three named investment partnerships and note layered ownership among GAMCO Investors, Associated Capital Group and GGCP, Inc. The filing is a routine Section 16 disclosure that clarifies allocation of holdings and includes attorney and general counsel signatures dated 09/22/2025.

Corporate Governance Expert

TL;DR: Report details insider sale and layered indirect ownership; disclosure appears complete and properly executed.

The statement identifies reporting persons as directors and 10% owners or affiliates and provides the required Section 16 detail: transaction date, code (S for sale), share amount and price, and beneficial ownership after the transaction. The explanation clarifies that reported beneficial amounts reflect total entity holdings while disclaiming ownership beyond pecuniary interests. Signatures from counsel and attorney-in-fact are provided, fulfilling signature requirements for a Form 4.

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
Estimated average burden
hours per response:			0.5

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)
09/19/2025

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	09/19/2025		S		2,700	D	$8.1556	3,000	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.	09/22/2025
	/s/ Peter D. Goldstein, General Counsel for GAMCO INVESTORS, INC.	09/22/2025
	** 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 transaction did TREDEGAR CORP (TG) report on 09/19/2025?

Reporting persons affiliated with GAMCO Investors and related entities sold 2,700 shares of Tredegar common stock at $8.1556 per share on 09/19/2025.

Who filed the Form 4 for TG and what are their relationships to the issuer?

The filing lists GAMCO Investors, Associated Capital Group, GGCP, Inc., and Mario J. Gabelli, each identified as a director and reported as a 10% owner or affiliate.

How many Tredegar shares are shown as beneficially owned after the reported transactions?

The Form 4 shows indirect beneficial ownership of 3,000 shares (Investment Partnership I), 4,000 shares (Investment Partnership II), and 300 shares (Investment Partnership III) following the transactions.

Does the filing explain the ownership structure for the reported shares?

Yes. The filing states GAMCO and Associated Capital have less than 100% interest in the entities, GGCP has less than 100% interest in those firms, and Mario J. Gabelli has less than 100% interest in GGCP, with a disclaimer about ownership beyond pecuniary interests.

When was the Form 4 signed and by whom?

The Form 4 contains signatures dated 09/22/2025 by Douglas R. Jamieson, Attorney-In-Fact for the named reporting persons, and Peter D. Goldstein, General Counsel for GAMCO Investors, Inc.