TG Form 4: William M. Gottwald Sells Shares, Keeps Substantial Indirect Holdings

Rhea-AI Filing Summary

Tredegar Corp (TG) director William M. Gottwald reported sales of common stock and discloses his remaining indirect holdings. The filing shows two open-market sales totaling 18,537 shares at weighted prices around $8.01 per share, recorded on 09/30/2025 and 10/01/2025. After those transactions, the reporting person directly or indirectly continues to hold a substantial position of 757,360 shares plus other indirect interests listed

The report clarifies the ownership form for each block: some shares are owned by the reporting person’s wife, some held in trusts for family beneficiaries, and some held by the reporting person as trustee. The filer disclaims beneficial ownership for the shares owned by his wife where noted.

Positive

• Substantial retained ownership: Reporting person continues to hold a large indirect stake 757,360 shares), indicating alignment with shareholders.
• Clear attribution of holdings: The filing specifies shares owned by spouse and various trusts, improving transparency about beneficial ownership.

Negative

• Insider sales disclosed: The reporting person sold a total of 18,537 shares, which could be viewed negatively by some investors despite being modest relative to total holdings.

Insights

Corporate Governance Expert

TL;DR: Director reported modest open-market sales but retains substantial indirect ownership across family and trust accounts.

The disclosure shows routine open-market dispositions totaling 18,537 shares at an average price near $8.01. Such transactions are common for diversification or liquidity by insiders and are clearly attributed to the reporting person and related trusts or family accounts. The filing also documents that some shares are owned by the reporting person’s wife and various trusts, with the reporting person disclaiming beneficial ownership for the spousal holdings. From a governance standpoint, continued large indirect holdings suggest ongoing alignment with shareholder interests, while the sales themselves are not large enough relative to total disclosed holdings to indicate a material change in control or governance.

Securities Analyst

TL;DR: Insider sales were disclosed; remaining position remains sizable, indicating neutral immediate market impact.

The two reported sales aggregated 18,537 shares at prices ranging from $8.00 to $8.04, with weighted prices reported as $8.0085 and $8.0168. Post-sales, the reporting person still holds at least 757,360 shares indirectly plus additional blocks noted in the filing. Given the scale of remaining holdings and the modest size of the sales relative to that position, this disclosure is likely to be viewed as a routine liquidity event rather than a signal of material concern. The filing includes explicit attribution of holdings to spouse and multiple trusts, which clarifies beneficial ownership lines for investors and compliance reviewers.

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 WILLIAM M

(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)
09/30/2025

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								6,197	I	Footnote(1)
Tredegar Common Stock								847,470	I	Footnote(2)
Tredegar Common Stock								211,260	I	Footnote(3)
Tredegar Common Stock	09/30/2025		S		16,087	D	$8.0085(5)	759,810	I	Footnote(4)
Tredegar Common Stock	10/01/2025		S		2,450	D	$8.0168(6)	757,360	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 as co-trustee FBO (among others) reporting person's family u/w Floyd D. Gottwald.

3. Held by the reporting Person as trustee of the William Michael Gottwald Revocable Trust.

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 $8.04. 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.

6. Represents weighted sales price. The shares sold at prices ranging from $8.00 to $8.04. 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	10/02/2025
	** 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 transactions did Tredegar Corp (TG) insider William M. Gottwald report?

The filing reports two open-market sales totaling 18,537 shares sold at weighted prices around $8.01 per share.

How many shares does the reporting person hold after the reported transactions?

After the reported sales, the filing shows at least 757,360 shares held indirectly, plus other blocks held by spouse and trusts as listed.

Are any shares attributed to family or trust accounts in the Form 4 for TG?

Yes. The filing indicates shares owned by the reporting person’s wife and shares held in multiple trusts, including a revocable trust and co-trustee positions for family beneficiaries.

At what prices were the TG shares sold by the insider?

The shares were sold at prices ranging from $8.00 to $8.04, with weighted sale prices reported as $8.0085 and $8.0168.

Does the reporting person disclaim beneficial ownership for any shares?

Yes. The filing states the reporting person disclaims beneficial ownership for shares owned by his wife as noted in the explanations.