TREDEGAR CORP — Director's Dealing 2024

May 1, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Brickhouse Frasier W II (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-21	Stock Option (right to buy)	$10.75	J	5941	Acquired	2027-03-18	Common Stock (5941)	Direct
2020-12-21	Stock Option (right to buy)	$19.64	J	1900	Acquired	2023-02-21	Common Stock (1900)	Direct
2020-12-21	Stock Option (right to buy)	$17.29	J	2020	Acquired	2024-03-28	Common Stock (2020)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	499	Acquired	2027-03-18	Common Stock (499)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	683	Acquired	2023-02-21	Common Stock (683)	Direct
2020-12-21	Stock Appreciation Right	$15.25	A	760	Acquired	2024-03-28	Common Stock (760)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Tredegar Common Stock	18232	Direct
Tredegar Common Stock	3104	Indirect

Footnotes

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.