Tredegar (TG) ten percent owner sells shares worth $83,714

Published 04/08/2025, 22:38
Tredegar (TG) ten percent owner sells shares worth $83,714

James T. Gottwald, a ten percent owner of Tredegar Corp (NYSE:TG), reported selling 9,692 shares of common stock on July 31 and August 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The stock, which has delivered a remarkable 57.71% return over the past year according to InvestingPro, recently experienced an 8.1% decline in the past week. The sales occurred in multiple transactions with prices ranging from $8.48 to $8.75, resulting in a total value of $83,714. With the stock currently trading at $8.28 and the company maintaining a GOOD financial health score, investors should note that Tredegar’s next earnings report is due in just 3 days. InvestingPro analysis suggests the stock is slightly overvalued at current levels.

The filing indicates that following the transactions, Gottwald indirectly owns 788,558 shares of Tredegar Common Stock through a trust. Gottwald also directly owns 40,000 shares, and indirectly owns 10,000 shares through a spousal account and 90,000 shares as co-trustee of the John D. Gottwald Family Trust.

John D. Gottwald, Attorney-in-Fact for James T. Gottwald, signed the report on August 4, 2025.

In other recent news, Tredegar Corporation has made significant changes to its credit facility. The Richmond-based company has amended its asset-based lending facility in collaboration with JPMorgan Chase (NYSE:JPM) Bank and other financial institutions. This amendment extends the maturity date of the facility to May 6, 2030. Additionally, Tredegar has successfully lowered the interest rate margins on various loans, with Term Benchmark Loans and RFR Loans now ranging from 1.75% to 2.25%, and ABR Loans ranging from 0.75% to 1.25%, depending on average quarterly availability. These recent developments are part of the Fifth Amendment to the credit agreement, originally dated June 29, 2022. The changes are expected to enhance the financial flexibility of the company.

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