Frasier W. Brickhouse II - Dec 21, 2020 Form 4 Insider Report for TREDEGAR CORP (TG)

Role
Treasurer and Controller
Signature
Frasier W. Brickhouse, II
Stock symbol
TG
Transactions as of
Dec 21, 2020
Transactions value $
$0
Form type
4
Date filed
5/1/2024, 04:15 PM
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TG Tredegar Common Stock 18.2K Dec 21, 2020 Direct F1
holding TG Tredegar Common Stock 3.1K Dec 21, 2020 401(k) Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TG Stock Option (right to buy) Other $0 +5.94K $0.00 5.94K Dec 21, 2020 Common Stock 5.94K $10.75 Direct F3, F4
transaction TG Stock Option (right to buy) Other $0 +1.9K $0.00 1.9K Dec 21, 2020 Common Stock 1.9K $19.64 Direct F3, F5
transaction TG Stock Option (right to buy) Other $0 +2.02K $0.00 2.02K Dec 21, 2020 Common Stock 2.02K $17.29 Direct F3, F6
transaction TG Stock Appreciation Right Award $0 +499 $0.00 499 Dec 21, 2020 Common Stock 499 $15.25 Direct F7
transaction TG Stock Appreciation Right Award $0 +683 $0.00 683 Dec 21, 2020 Common Stock 683 $15.25 Direct F7
transaction TG Stock Appreciation Right Award $0 +760 $0.00 760 Dec 21, 2020 Common Stock 760 $15.25 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In a review of the Issuer's records, the Issuer determined that the Form 4 to report the grant of stock appreciation rights made by the Executive Compensation Committee (the "Committee") of the Board of Directors to compensate holders for the loss in value of the stock options to which the stock appreciation rights relate as a result of the Special Dividend (as defined below) was inadvertently missed. This Form 4 is being filed to report the grant of such stock appreciation rights and reflects share ownership as of December 21, 2020.
F2 Shares as reported by the Tredegar Corporation Retirement Savings Plan trustee as of December 21, 2020.
F3 On December 18, 2020, the Issuer paid a special dividend of $5.97 per share to all holders of its common stock as of the close of business on December 11, 2020 (the "Special Dividend"). In connection with the Special Dividend, the Committee approved adjustments to the exercise price and/or number of shares subject to all unexercised stock options to account for the effect of the Special Dividend.
F4 The original grant was for 4,430 shares with an exercise price of $14.41 per share.
F5 The original grant was for 1,900 shares with an exercise price of $24.84 per share.
F6 The original grant was for 2,020 shares with an exercise price of $22.49 per share.
F7 Reflects a grant of stock appreciation rights made by the Committee to compensate holders for the loss in value of the stock options to which the stock appreciation rights relate as a result of the Special Dividend.