Form 4: Tredegar Corp Executive Donnelly Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Kevin C. Donnelly, Vice President and Secretary of Tredegar Corp, disposed of 14,466 shares to cover tax liabilities from vesting restricted stock.
Summary
- On March 19, 2024, Kevin Cyril Donnelly, Vice President and Secretary of Tredegar Corp, disposed of 14,466 shares of Tredegar Common Stock.
- The disposal was to cover the tax liability incurred upon the vesting of restricted stock previously granted on March 19, 2021.
- The shares were disposed of at a price of $5.27 per share.
- Following the transaction, Donnelly directly owns 91,615 shares of Tredegar Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It reflects a standard transaction for tax purposes and doesn't indicate a change in the executive's overall confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| 03/19/2021 | Date of original restricted stock grant. |
| 03/19/2024 | Date of stock disposal to cover tax liability. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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