Tredegar (NYSE: TG) controller has shares withheld to cover tax obligations
Rhea-AI Filing Summary
Tredegar Corporation’s Corporate Controller Paul Goldschmiedt reported routine share activity related to equity compensation. On May 11, 2026, 1,393 shares of Tredegar common stock were withheld by the company at $9.36 per share to cover taxes owed on previously granted restricted stock that vested on May 11, 2026. This was recorded as a tax-withholding disposition, not an open-market sale. After this event, Goldschmiedt directly holds 25,062 Tredegar shares and indirectly holds 1,515 shares through the Tredegar Corporation Retirement Savings Plan (401(k)).
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Tredegar Common Stock | 1,393 | $9.36 | $13K |
| holding | Tredegar Common Stock | -- | -- | -- |
Footnotes (1)
- Represents shares withheld by the Issuer for payment of the tax liability incurred upon the vesting of shares of restricted stock previously granted on May 11, 2023. Shares as reported by the Tredegar Corporation Retirement Savings Plan trustee.
Key Figures
Key Terms
tax-withholding disposition financial
restricted stock financial
401(k) Plan financial
FAQ
What insider transaction did Tredegar (TG) report for Paul Goldschmiedt?
The filing shows 1,393 Tredegar shares were withheld to pay taxes on vested restricted stock. This tax-withholding disposition is a standard administrative step and not an open-market purchase or sale of shares.
Was the Tredegar (TG) insider transaction an open-market sale or purchase?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale or purchase. Shares were withheld by the issuer to cover taxes from restricted stock vesting on May 11, 2026.
How are Paul Goldschmiedt’s indirect Tredegar (TG) holdings structured?
His indirect holdings of 1,515 shares are reported under the Tredegar Corporation Retirement Savings Plan, a 401(k) plan. The shares are shown as reported by the plan’s trustee in the Form 4 footnote.