Form 4: Tredegar Corp VP and CFO Reports Share Withholding for Tax Liability
SEC Form 4
D. Andrew Edwards, Vice President and CFO of Tredegar Corp, reports the withholding of shares by the issuer for payment of tax liability incurred upon the vesting of restricted stock.
Summary
- On March 17, 2023, Tredegar Corp withheld 3,950 shares of common stock at a price of $8.98 per share from D. Andrew Edwards, Vice President and CFO, to cover tax liabilities related to the vesting of restricted stock.
- This transaction was initially missed in a previous filing and is now being reported to reflect share ownership as of March 17, 2023.
- Following the transaction, Edwards directly owns 81,188 shares of Tredegar common stock and indirectly owns 180 shares through the 401(k) Plan.
Sentiment
Score: 7
Explanation: The sentiment is neutral as it reports a routine transaction. The missed filing is a minor negative, but the correction is a positive.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Key Dates
| Date | Description |
|---|---|
| 03/17/2020 | Date of original restricted stock grant. |
| 03/17/2023 | Date of share withholding for tax liability and share ownership as of this date. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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