Form 4: Tredegar Corp Executive Frasier W. Brickhouse, II Reports Stock Transactions
SEC Form 4 Filing
Treasurer and Controller Frasier W. Brickhouse, II reports disposition of Tredegar Corp shares to cover tax obligations and holdings in a 401(k) plan.
Summary
- On March 19, 2024, Frasier W. Brickhouse, II, Treasurer and Controller of Tredegar Corp, reported a transaction involving Tredegar Common Stock.
- 1,314 shares were disposed of to cover tax liabilities at a price of $5.27 per share.
- Following the transaction, Brickhouse directly owns 32,518 shares of Tredegar Common Stock.
- Brickhouse also indirectly owns 4,900 shares through the 401(k) Plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 03/19/2021 | Date of original restricted stock grant that vested on 03/19/2024 |
| 03/19/2024 | Date of stock transaction (disposal of shares for tax liability). |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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