Form 4: Tredegar Corp Executive Reports Late Filing of Tax Withholding on Vested Shares

Frasier W. Brickhouse, II, Treasurer and Controller of Tredegar Corp, reports a late filing regarding tax withholding on vested restricted stock from March 17, 2020, with share ownership reflected as of March 17, 2023.

Summary

• Frasier W. Brickhouse, II, Treasurer and Controller of Tredegar Corp, filed a Form 4 to report a previously missed tax withholding related to the vesting of restricted stock granted on March 17, 2020.
• The filing reflects share ownership as of March 17, 2023.
• On March 17, 2023, 1,317 shares of Tredegar Common Stock were withheld by the issuer to cover the tax liability at a price of $8.98 per share.
• Following the reported transaction, Brickhouse directly owns 25,447 shares of Tredegar Common Stock.
• Brickhouse also indirectly owns 4,541 shares through the 401(k) Plan.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the late filing, which raises concerns about internal controls and compliance, but the impact is likely minimal.

Negatives

• The Form 4 filing was delayed, indicating a lapse in timely reporting of tax withholding.

Risks

• Late filings can potentially lead to regulatory scrutiny or penalties.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.

Stakeholder Impact

• Shareholders may have slight concerns regarding the company's internal controls due to the late filing.

Key Dates