Gottwald-linked entities trim Tredegar (TG) stake with 37K-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tredegar Corp’s 10% holder John D. Gottwald reported indirect open-market sales of Tredegar common stock through entities associated with him. These entities sold 8,251 shares on February 24 at a weighted average price of $8.833 per share and 28,787 shares on February 25 at a weighted average price of $8.991 per share, totaling 37,038 shares sold.
Following these transactions, one indirectly held account reported 541,446 shares, while a separate directly held position reported 1,917,639 shares as of February 24. Footnotes state that several indirect holdings are in the name of Gottwald’s wife or various family trusts, and he disclaims beneficial ownership of certain of these shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,038 shares ($331,705)
Net Sell
6 txns
Insider
GOTTWALD JOHN D
Role
10% Owner
Sold
37,038 shs ($332K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Tredegar Common Stock | 28,787 | $8.991 | $259K |
| Sale | Tredegar Common Stock | 8,251 | $8.833 | $73K |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
| holding | Tredegar Common Stock | -- | -- | -- |
Holdings After Transaction:
Tredegar Common Stock — 541,446 shares (Indirect, Footnote);
Tredegar Common Stock — 1,917,639 shares (Direct)
Footnotes (1)
- Owned by wife. (Reporting person disclaims beneficial ownership) 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.) Held as co-trustee FBO (among others) reporting person's family u/w Floyd D. Gottwald. 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 $8.80 to $8.91. 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. Represents weighted sales price. The shares sold at prices ranging from $8.80 to $9.11. 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.
FAQ
What insider activity did Tredegar (TG) report for John D. Gottwald?
Entities associated with 10% holder John D. Gottwald reported selling 37,038 Tredegar common shares in the open market. The sales occurred over two days and were reported as indirect transactions, with several holdings held by his spouse or family trusts.
Were John D. Gottwald’s Tredegar (TG) sales direct or indirect?
All reported sales were indirect. The filing classifies the sold shares as indirectly owned, with footnotes explaining they are held by his wife and various family trusts. Gottwald disclaims beneficial ownership of certain indirect positions in these entities.
What do the Tredegar (TG) Form 4 footnotes say about Gottwald’s ownership?
Footnotes state some shares are owned by his wife or held in family trusts where he serves as trustee or co-trustee. The filing notes that Gottwald disclaims beneficial ownership of certain of these indirectly held shares, clarifying his economic interest and control.
On which dates did the Tredegar (TG) insider sales by entities linked to Gottwald occur?
The Form 4 reports open-market sales on February 24 and February 25. On February 24, associated entities sold 8,251 Tredegar common shares, followed by an additional 28,787 shares sold on February 25, all reported as indirect transactions.