[Form 4] TREDEGAR CORP Insider Trading Activity

Rhea-AI Filing Summary

John D. Gottwald, a director of Tredegar Corp (TG), reported sales of Tredegar common stock in late September 2025. On 09/26/2025 he sold 749 shares at a weighted price of $8.00, and on 09/29/2025 he sold 1,433 shares at $8.0105. The filing shows the reporting person holds 1,917,639 shares directly and multiple indirect holdings reported as 12,953, 90,000, and 847,470 shares via family trusts and co-trustee arrangements. Following the reported sales the filing lists indirect beneficial ownership of 777,330 shares after the 09/26 sale and 775,897 shares after the 09/29 sale. Explanatory footnotes identify holdings by spouse and various family trusts and state the reporting person disclaims beneficial ownership of certain accounts.

Positive

• Clear, dated disclosure of insider transactions with share counts and prices provided
• Substantial retained ownership remains (1,917,639 shares held directly plus sizable indirect trust holdings)
• Explanatory footnotes identify spouse and trust holdings and disclaimers, improving transparency

Negative

• Insider sales occurred (2,182 shares sold total) which could be interpreted negatively by some investors
• Weighted sale price disclosure indicates shares sold across slightly different prices; specifics per-price are not listed in the main table (available upon request)

Insights

Securities Analyst

TL;DR: A director executed small open-market sales while retaining substantial direct and indirect holdings; disclosure appears routine and transparent.

The Form 4 discloses two small sales totaling 2,182 shares across two dates with weighted prices of approximately $8.00–$8.0105. The reporting person maintains large direct ownership (1.917 million shares) and several indirect trust holdings totaling hundreds of thousands of shares. Footnotes clarify that some positions are held by a spouse or as trustee and are disclaimed. From a market-impact perspective these are minor open-market disposals relative to disclosed holdings; the filing provides sufficient specificity about prices and the nature of indirect ownership.

Corporate Governance Expert

TL;DR: Insider reported sales are fully documented with trustee disclosures; governance disclosure standards met in form and signature.

The Form 4 includes explanatory footnotes identifying spousal and trust arrangements and a dated attorney-in-fact signature, indicating appropriate execution. The transactions are itemized with dates, share counts, and sale prices (including a weighted-price clarification for the 09/26 trades). The report does not show option exercises or derivative transactions. Given the detailed footnotes and the reporting structure, the filing meets standard disclosure expectations for Section 16 insiders.

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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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).

1. Name and Address of Reporting Person^*

GOTTWALD JOHN D

(Last) (First) (Middle)

330 SOUTH FOURTH STREET

(Street)

RICHMOND VA 23219

(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)
09/26/2025

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

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

X	Form filed by One Reporting Person
	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
Tredegar Common Stock								1,917,639	D
Tredegar Common Stock								12,953	I	Footnote(1)
Tredegar Common Stock								90,000	I	Footnote(2)
Tredegar Common Stock								847,470	I	Footnote(3)
Tredegar Common Stock	09/26/2025		S		749	D	$8	777,330	I	Footnote(4)
Tredegar Common Stock	09/29/2025		S		1,433	D	$8.0105(5)	775,897	I	Footnote(4)

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

Explanation of Responses:

1. Owned by wife. (Reporting person disclaims beneficial ownership)

2. Held by the reporting person and James T Gottwald as trustees of the John D. Gottwald Family Trust FBO reporting person's children. (Reporting person disclaims beneficial ownership.)

3. Held as co-trustee FBO (among others) reporting person's family u/w Floyd D. Gottwald.

4. Held as co-trustee of the Residual 10- Year CLAT UA FDGJR Living Trust.

5. Represents weighted sales price. The shares sold at prices ranging from $8.00 to $8.02. The reporting Person will provide upon request to the Securities and Exchange Commission (the "SEC"), the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.

	/s/ William M. Gottwald Attorney-in-fact for John D. Gottwald	09/30/2025
	** 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 did John D. Gottwald (TG) report in this Form 4?

The filing reports two open-market sales: 749 shares on 09/26/2025 at $8.00 (weighted) and 1,433 shares on 09/29/2025 at $8.0105.

How many Tredegar (TG) shares does John D. Gottwald directly and indirectly own after these transactions?

The Form 4 shows 1,917,639 shares held directly and indirect holdings noted; the filing lists 777,330 indirect shares after the 09/26 sale and 775,897 after the 09/29 sale.

Are the indirect holdings explained in the Form 4?

Yes. Footnotes state certain shares are owned by the reporting person's wife, held in family trusts as trustee, and co-trustee arrangements for family beneficiaries, with the reporting person disclaiming beneficial ownership where applicable.

Were any derivative transactions reported by John D. Gottwald?

No derivative securities transactions are listed in Table II; the filing reports only non-derivative common stock transactions.

Who signed the Form 4 filing for John D. Gottwald?

The form is signed by /s/ William M. Gottwald, Attorney-in-fact for John D. Gottwald and dated 09/30/2025.