Gottwald group details 20.3% stake in Tredegar Corporation (NYSE: TG)

Rhea-AI Filing Summary

Tredegar Corporation’s major shareholders have updated their ownership disclosure in Amendment No. 16 to Schedule 13D. The filing shows that John D. Gottwald reports beneficial ownership of 6,852,743 shares of common stock, or 19.6% of the class. William M. Gottwald reports 5,056,364 shares, or 14.5%, and James T. Gottwald reports 4,975,104 shares, or 14.3%. The Residual 10-Year CLAT UA FDGJR Living Trust reports 2,201,912 shares, or 6.3%. All reporting persons together are listed with beneficial ownership of 7,104,003 shares, representing 20.3% of Tredegar’s common stock, based on 34,910,693 shares outstanding as of September 30, 2025. The filing also notes that the CLAT trust sold multiple small share blocks on the New York Stock Exchange in November 2025 and that John D. Gottwald sent an open letter dated January 14, 2026 to Tredegar’s board of directors.

Insights

Equity ownership and governance analyst

Gottwald-related holders reaffirm a large 20.3% stake and signal active engagement via an open letter.

The disclosure shows that John, William, and James Gottwald, together with the Residual 10-Year CLAT UA FDGJR Living Trust, report beneficial ownership of 7,104,003 Tredegar common shares, or 20.3% of the class, assuming 34,910,693 shares outstanding as of September 30, 2025. Individually, John reports 19.6%, William 14.5%, James 14.3%, and the CLAT trust 6.3%, reflecting significant long-standing influence over the shareholder base.

The filing also lists detailed recent trading by the CLAT trust, which sold numerous small lots on the New York Stock Exchange in November 2025 at prices around $8.50–$8.63 per share. In addition, Item 4 notes that on January 14, 2026 John Gottwald sent an open letter to Tredegar’s directors, and this letter is attached as an exhibit. While the contents are not summarized here, the combination of a sizeable stake and a formal letter to the board suggests active governance involvement, with any concrete implications depending on the positions expressed in that letter and future company responses.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 16)

TREDEGAR CORPORATION

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

894650100

(CUSIP Number)

John D. Gottwald
330 South Fourth Street,
Richmond, VA, 23219
804-366-1393

William M. Gottwald
330 South Fourth Street,
Richmond, VA, 23219
804-366-1393

James T. Gottwald
330 South Fourth Street,
Richmond, VA, 23219
804-366-1393

Residual 10-Year CLAT UA FDGJR
c/o John D. Gottwald, 330 South Fourth Street
Richmond, VA, 23219
804-366-1393

Janet T. Geldzahler
Sullivan & Cromwell LLP, 1700 New York Avenue, N.W., Suite 700
Washington, DC, 20006-5215
202-956-7515

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

01/14/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 894650100

1

Name of reporting person

John D. Gottwald

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,917,639.00
8	Shared Voting Power 4,935,104.00
9	Sole Dispositive Power 1,917,639.00
10	Shared Dispositive Power 4,935,104.00

11

Aggregate amount beneficially owned by each reporting person

6,852,743.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

19.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

1 In computing the percentage ownership, each of the Reporting Persons assumed that there are 34,910,693 shares of Common Stock outstanding, as reported by Tredegar Corporation in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

CUSIP No. 894650100

1

Name of reporting person

William M. Gottwald

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 211,260.00
8	Shared Voting Power 4,845,104.00
9	Sole Dispositive Power 211,260.00
10	Shared Dispositive Power 4,845,104.00

11

Aggregate amount beneficially owned by each reporting person

5,056,364.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.5 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

1 In computing the percentage ownership, each of the Reporting Persons assumed that there are 34,910,693 shares of Common Stock outstanding, as reported by Tredegar Corporation in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

CUSIP No. 894650100

1

Name of reporting person

James T. Gottwald

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 40,000.00
8	Shared Voting Power 4,935,104.00
9	Sole Dispositive Power 40,000.00
10	Shared Dispositive Power 4,935,104.00

11

Aggregate amount beneficially owned by each reporting person

4,975,104.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

1 In computing the percentage ownership, each of the Reporting Persons assumed that there are 34,910,693 shares of Common Stock outstanding, as reported by Tredegar Corporation in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

CUSIP No. 894650100

1

Name of reporting person

Residual 10-Year CLAT UA FDGJR Living Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,201,912.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,201,912.00

11

Aggregate amount beneficially owned by each reporting person

2,201,912.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

6.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

1 In computing the percentage ownership, each of the Reporting Persons assumed that there are 34,910,693 shares of Common Stock outstanding, as reported by Tredegar Corporation in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2025, as filed with the Securities and Exchange Commission on November 7, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: COMMON STOCK
(b)	Name of Issuer: TREDEGAR CORPORATION
(c)	Address of Issuer's Principal Executive Offices: 1100 BOULDERS PKWY, RICHMOND, VIRGINIA , 23225.
Item 1 Comment: * Amendment No. 16 amends and supplements Amendment Nos. 1 through 15 to the statement on Schedule 13D initially filed on August 15, 1989 with respect to shares of common stock (the "Common Stock") of Tredegar Corporation (the "Issuer").
Item 4.	Purpose of Transaction
	Item 4 is further amended by adding the following: On January 14, 2026, John Gottwald sent the letter attached as Exhibit 99.2 hereto to the directors of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Amount Beneficially Owned: John D. Gottwald-6,852,743 shares, 19.6%; William M. Gottwald-5,056,364 shares, 14.5%; James T. Gottwald-4,975,104 shares, 14.3%; Residual 10-Year CLAT UA FDGJR Living Trust("CLAT")-2,201,912 shares, 6.3%, all reporting persons-7,104,003 shares, 20.3%
(b)	Number of shares as to which such persons have: (i) Sole power to vote or direct the vote: John D. Gottwald-1,917,639 shares, 5.5%; William M. Gottwald-211,260 shares, 0.6%,; James T. Gottwald-40,000 shares, 0.1%; all reporting persons-2,168,899 shares, 6.2% (ii) Shared power to vote or to direct the vote-John D. Gottwald-4,935,104 shares, 14.1%; William M. Gottwald-4,845,104 shares, 13.9%; James T. Gottwald-4,935,104 shares, 14.1%; CLAT 2,201,912 shares, 6.3%; all reporting persons-4,935,104 shares, 14.1% (iii) Sole power to dispose of or to direct the disposition of-John D. Gottwald-1,917,639 shares, 5.5%; William M. Gottwald-211,260 shares, 0.6%; James T. Gottwald-40,000 shares, 0.1%; all reporting persons-2,168,899 shares, 6.2% (iv) Shared power to dispose of or to direct the disposition of -John D. Gottwald-4,935,104 shares, 14.1%; William M. Gottwald-4,845,104 shares, 13.9%; James T. Gottwald-4,935,104 shares, 14.1%; CLAT -2,201,912 shares, 6.3%; all reporting persons-4,935,104 shares, 14.1%
(c)	Transactions in shares in the past sixty days: CLAT sold the following shares on the following days on the New York Stock Exchange. November 17, 2025 410 shares at $8.555, 620 shares at $8.565, 600 shares at 8.545, 100 shares at 8.635, 178 shares at 8.63, 774 shares at 8.61, 3,306 shares at 8.60, 500 shares at 8.59, 200 shares at 8.575, 1,471 shares at 8.55, 2,455 shares at 8.54, 200 shares at 8.535, 2,236 shares at 8.525, 921 shares at 8.56, 2,865 shares at 8.52, 200 shares at 8.515, 1,321 shares at 8.51, 850 shares at 8.505, 5,113 shares at 8.5, 420 shares at 8.58, 2,627 shares at 8.53 and 5,466 shares at 8.57 November 18, 2025 100 shares at 8.50
(d)	No other persons have the right to receive or the power to direct the receipt of dividends, or the proceeds from the sale of the shares described in Item 5.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1. Agreement between John D. Gottwald, William M. Gottwald, James T. Gottwald and the Residual 10-Year CLAT UA FDGJR Living Trust with respect to the filing of this Amendment No. 16 to the statement to Schedule 13D. Exhibit 99.2 Open Letter from John D. Gottwald to the Board of Directors of Tredegar Corporation, dated January 14, 2026.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

John D. Gottwald

Signature:	/s/ William M. Gottwald
Name/Title:	William M. Gottwald Attorney-in-Fact for John D. Gottwald
Date:	01/14/2026

William M. Gottwald

Signature:	/s/ William M. Gottwald
Name/Title:	William M. Gottwald
Date:	01/14/2026

James T. Gottwald

Signature:	/s/ William M. Gottwald
Name/Title:	William M. Gottwald Attorney-in-Fact for James T. Gottwald
Date:	01/14/2026

Residual 10-Year CLAT UA FDGJR Living Trust

Signature:	/s/ William M. Gottwald
Name/Title:	As trustee
Date:	01/14/2026

FAQ

What ownership stake in Tredegar Corporation (TG) is reported in this Schedule 13D/A amendment?

The reporting group, consisting of John D. Gottwald, William M. Gottwald, James T. Gottwald and the Residual 10-Year CLAT UA FDGJR Living Trust, reports beneficial ownership of 7,104,003 shares of Tredegar common stock, representing 20.3% of the class, based on 34,910,693 shares outstanding as of September 30, 2025.

How many Tredegar shares does John D. Gottwald report owning in this filing for TG?

John D. Gottwald reports beneficial ownership of 6,852,743 shares of Tredegar common stock, which the filing states is 19.6% of the outstanding common stock based on 34,910,693 shares outstanding.

What are the reported holdings of William and James Gottwald in Tredegar Corporation (TG)?

William M. Gottwald reports 5,056,364 shares, or 14.5% of Tredegar’s common stock, while James T. Gottwald reports 4,975,104 shares, or 14.3%, using the same 34,910,693-share outstanding figure.

What does the Residual 10-Year CLAT UA FDGJR Living Trust report owning in TG shares?

The Residual 10-Year CLAT UA FDGJR Living Trust reports beneficial ownership of 2,201,912 Tredegar shares, representing 6.3% of the common stock, based on 34,910,693 shares outstanding.

Were any recent Tredegar (TG) share transactions disclosed in this Schedule 13D/A amendment?

Yes. The filing states that the CLAT trust sold multiple small blocks of Tredegar common stock on the New York Stock Exchange in November 2025, including trades such as 410 shares at $8.555 and other transactions at prices around the $8.50–$8.63 range.

Does the Schedule 13D/A amendment mention any communication with Tredegar’s board?

Yes. Item 4 notes that on January 14, 2026, John D. Gottwald sent an open letter to the directors of Tredegar Corporation, which is attached as Exhibit 99.2 to the amendment.