TREDEGAR CORP — Director's Dealing 2020

Dec 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TREDEGAR CORP (TG)
CIK: 0000850429
Period of Report: 2020-12-21

Reporting Person: STEITZ JOHN M (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-21	Stock Option (right to buy)	$14.62	J	366165	Acquired	2024-03-21	Common Stock (366165)	Direct
2020-12-21	Stock Option (right to buy)	$10.75	J	427275	Acquired	2027-03-18	Common Stock (427275)	Direct
2020-12-21	Stock Appreciation Right	$14.62	A	21679	Acquired	2024-03-21	Common Stock (21679)	Direct
2020-12-21	Stock Appreciation Right	$10.75	A	35909	Acquired	2027-03-18	Common Stock (35909)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Tredegar Common Stock	86492	Direct

Footnotes

F1: 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 Executive Compensation Committee of the Issuer's Board of Directors (the "Committee") approved adjustments to the exercise price and number of shares subject to all unexercised stock options to account for the effect of the Special Dividend.

F2: The original grant was for 273,057 shares with an exercise price of $19.61 per share.

F3: The original grant was for 318,628 shares with an exercise price of $14.41 per share.

F4: 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.