Form 4: Tredegar Director Sells Shares Under 10b5-1 Plan

William M. Gottwald, a Director and 10% owner of Tredegar Corp, reported sales of common stock totaling 79,092 shares over two days in January 2026, executed under a Rule 10b5-1 plan.

Summary

• William M. Gottwald, a Director and 10% Owner of Tredegar Corp (TG), reported transactions involving the sale of common stock.
• On January 22, 2026, 54,269 shares of Tredegar Common Stock were sold at a weighted average price of $8.697 per share, with prices ranging from $8.50 to $9.00.
• On January 23, 2026, an additional 24,823 shares of Tredegar Common Stock were sold at a weighted average price of $8.521 per share, with prices ranging from $8.50 to $8.57.
• The total number of shares sold across both transactions was 79,092.
• These transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following these transactions, William M. Gottwald indirectly beneficially owns 1,699,722 shares of Tredegar Common Stock through various trusts (847,470 shares as co-trustee FBO family, 211,260 shares as trustee of William Michael Gottwald Revocable Trust, and 640,992 shares as co-trustee of the Residual 10-Year CLAT UA FDGJR Living Trust).
• An additional 6,197 shares are owned by his wife, for which the reporting person disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While insider selling can sometimes be viewed negatively, the disclosure that the transactions were part of a pre-planned 10b5-1 program mitigates concerns about opportunistic trading based on new, non-public information. The sales represent a routine disclosure for a significant insider.

Positives

• The sales were executed under a Rule 10b5-1(c) plan, indicating they were pre-scheduled and not based on new, non-public information, which enhances transparency and reduces concerns about opportunistic insider trading.

Negatives

• Insider selling, even if pre-planned, can sometimes be interpreted by the market as a lack of confidence, particularly if the amounts are significant.
• The sales occurred at slightly declining weighted average prices ($8.697 and $8.521).

Future Outlook

NA

Industry Context

This filing is a routine disclosure of insider trading activity and does not provide information related to broader industry trends or competitive landscape.

Related Party Transactions

• The reporting person disclaims beneficial ownership of 6,197 shares owned by his wife.
• A significant portion of the beneficially owned shares are held indirectly through various family trusts where the reporting person serves as a co-trustee or trustee.

Stakeholder Impact

• Shareholders may note the insider selling, but the pre-planned nature of the transactions under Rule 10b5-1(c) suggests a structured approach to managing personal holdings rather than a reaction to new company-specific information.

Key Dates

Keywords

Tredegar Corp, TG, Insider Trading, Form 4, Stock Sale, Director, 10% Owner, William M Gottwald, Equity Transaction, 10b5-1 Plan