Tredegar (TG) major holder-linked entities execute 4,196-share open-market sale
Rhea-AI Filing Summary
Tredegar Corp insider filing shows net share sales by entities associated with major holder James T. Gottwald. Indirect accounts reported open-market sales totaling 4,196 shares of Tredegar common stock at prices around $8 per share over two days.
One transaction on May 28 involved selling 4,192 shares at a weighted average price of $8.023, with individual trades ranging from $8.00 to $8.08. A smaller sale of 4 shares at $8.00 occurred on May 29. After these transactions, one reported indirect account held 457,635 shares, and a separate direct account showed 40,000 shares.
Many of the indirect holdings are in family trusts or a spouse’s account, where the footnotes state that Gottwald serves as co-trustee or disclaims beneficial ownership. The filing does not involve any derivative exercises and reflects a modest net reduction in indirectly held shares.
Positive
- None.
Negative
- None.
Insights
Small net insider-related sales via family entities; overall position remains large.
Entities associated with James T. Gottwald, a more than ten percent owner of Tredegar Corp, reported open-market sales of 4,196 shares around $8 per share. The filing shows no option exercises or derivative activity, only common stock transactions.
Post-transaction, one indirect account still reports 457,635 shares, while a separate direct account lists 40,000 shares. This indicates the sales are small relative to the overall reported holdings, suggesting routine portfolio activity rather than a large position change.
Several footnoted positions are held in family trusts or a spouse’s account, with partial disclaimers of beneficial ownership. The economic and voting stakes may therefore be spread across related parties, and the timing signal is limited to these modest open-market sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Tredegar Common Stock | 4 | $8.00 | $32.00 |
| Sale | Tredegar Common Stock | 4,192 | $8.023 | $34K |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
Footnotes (1)
- Held as co-trustee FBO (among others) reporting person's family u/w Floyd D. Gottwald. Owned by spouse. (Reporting person disclaims beneficial ownership.) Held by me as co-trustee of the John D. Gottwald Family Trust. (Reporting person disclaims beneficial ownership.) Held as co-trustee of the Residual 10-year CLAT UA FDGJR Living Trust. Represents weighted sales price. The shares sold at prices ranging from $8.00 to $8.08. 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.