TG Form 4: 10% owner trims stake, still holds 1.8M+ shares

Rhea-AI Filing Summary

Tredegar Corp. (TG) – Form 4 insider activity

10% owner and director William M. Gottwald reported a series of small open-market sales executed on 4-5 Aug 2025. In aggregate he disposed of 3,429 common shares at prices ranging from $8.28 to $8.73, generating roughly $29k in proceeds. The transactions were made through the Residual 10-Year CLAT UA FDGJR Living Trust (Footnote 4). After the sales, that trust still holds 778,079 TG shares.

Gottwald’s indirect ownership via multiple family trusts remains substantial: 847,470 shares (co-trustee, Floyd D. Gottwald trust), 211,260 shares (Gottwald Revocable Trust) and 6,197 shares held by his spouse, bringing total indirect beneficial ownership to roughly 1.84 million shares. No derivative transactions were reported and there were no purchases.

The divestiture represents less than 0.2% of his total reported holdings and does not meaningfully alter insider ownership levels, but it does add a minor incremental supply of shares to the market.

Positive

• None.

Negative

• 10% owner liquidated 3,429 shares in open-market trades, a mild bearish indicator despite the small proportion of his holdings.

Insights

Securities Analyst

TL;DR: Small insider sale; negligible ownership change, modestly bearish signal.

The 3,429-share sale (~$29k) by 10% owner William M. Gottwald is immaterial versus his 1.84 M-share stake. While any insider selling can be perceived negatively, the <0.2% reduction suggests liquidity management rather than a shift in outlook. No offsetting purchases or derivative hedges were reported. Given Tredegar’s average daily volume (~70k shares), the sale equals ~5% of a day’s trading and should not pressure the stock. Overall impact: minimal but directionally negative because insider supply increased.

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
Estimated average burden
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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

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)
08/04/2025

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	08/04/2025		S		53	D	$8.52	781,455	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		100	D	$8.59	781,355	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		600	D	$8.605	780,755	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		134	D	$8.61	780,621	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		33	D	$8.615	780,588	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		131	D	$8.62	780,457	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		67	D	$8.64	780,390	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		33	D	$8.65	780,357	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		85	D	$8.655	780,272	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		147	D	$8.66	780,125	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		67	D	$8.67	780,058	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		184	D	$8.68	779,874	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		35	D	$8.695	779,839	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		33	D	$8.7	779,806	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		36	D	$8.71	779,770	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		66	D	$8.715	779,704	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		367	D	$8.72	779,337	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		33	D	$8.725	779,304	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		413	D	$8.73	778,891	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		309	D	$8.75	778,582	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		224	D	$8.5	778,358	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		187	D	$8.49	778,171	I	Footnote(4)
Tredegar Common Stock	08/04/2025		S		58	D	$8.485	778,113	I	Footnote(4)
Tredegar Common Stock	08/05/2025		S		34	D	$8.28	778,079	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.

	/s/ William M. Gottwald	08/06/2025
	** 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.
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FAQ

How many Tredegar (TG) shares did William M. Gottwald sell?

He sold 3,429 common shares on 4–5 Aug 2025.

What was the price range of the insider sales?

Prices ranged from $8.28 to $8.73 per share.

How many TG shares does Gottwald still indirectly own after the transactions?

Reported indirect holdings total about 1.84 million shares across several trusts.

Were any derivative securities involved in the Form 4 filing?

No. No derivative securities were acquired or disposed of in this filing.

Does the sale materially change insider ownership at Tredegar?

No. The shares sold represent less than 0.2% of Gottwald’s reported stake, leaving ownership largely intact.