Tredegar (TG) officer receives 20,672-share stock grant with 3-year vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brickhouse Frasier W II reported acquisition or exercise transactions in this Form 4 filing.
Tredegar Corp officer Brickhouse Frasier W II received a stock grant, increasing his holdings in the company. He was awarded 20,672 shares of Tredegar common stock at a price of $7.74 per share as a grant or award, not an open-market purchase.
These shares are restricted stock that vest in three equal annual installments on March 11, 2027, March 11, 2028, and March 11, 2029. After this award, he directly holds 70,115 shares and indirectly holds 4,886 shares through a 401(k) plan.
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 |
|---|---|---|---|---|
| Grant/Award | Tredegar Common Stock | 20,672 | $7.74 | $160K |
| holding | Tredegar Common Stock | -- | -- | -- |
Holdings After Transaction:
Tredegar Common Stock — 70,115 shares (Direct);
Tredegar Common Stock — 4,886 shares (Indirect, 401(k) Plan)
Footnotes (1)
- The shares of restricted stock vest ratably in one-third annual installments on March 11, 2027, March 11, 2028 and March 11, 2029. Shares as reported by the Tredegar Corporation Retirement Savings Plan trustee.
FAQ
What did Brickhouse Frasier W II report in this Tredegar (TG) Form 4?
Brickhouse Frasier W II reported receiving a grant of 20,672 shares of Tredegar Common Stock. The shares were awarded at $7.74 per share as a compensation-related grant, not an open-market purchase, increasing his overall equity stake in the company.
Was the Tredegar (TG) Form 4 transaction a stock purchase or a grant?
The Form 4 reports a grant or award acquisition, coded as transaction type “A.” This indicates the 20,672 Tredegar shares were received as compensation or similar award, rather than bought or sold in the open market by the reporting person.
What role does the 401(k) plan play in Brickhouse Frasier W II’s Tredegar (TG) holdings?
Brickhouse Frasier W II has an additional 4,886 Tredegar shares reported through the Tredegar Corporation Retirement Savings (401(k)) Plan. These shares are held indirectly, with amounts reported by the plan trustee, supplementing his directly held 70,115 common shares after the grant.