William M. Gottwald, identified as a ten percent owner of Tredegar Corp (NYSE: TG), executed a two-day sale of company shares totaling 79,092 shares on January 22 and 23, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The disposals produced proceeds of $683,494.
The breakdown of the trades shows that on January 22 Gottwald sold 54,269 shares at prices between $8.50 and $9.00. On January 23 he sold an additional 24,823 shares at prices ranging from $8.50 to $8.57. At the time of reporting, Tredegar shares were trading at $8.56 and the company carried a market capitalization of $292.23 million.
Market metrics noted in the filing and related data indicate a year-to-date share-price gain of 19.22% and a price-to-earnings ratio of 130.49. At the same time, the company is reported to generate a free cash flow yield of 7%, suggesting positive cash generation relative to its valuation multiple.
Following the sales, Gottwald's direct holdings are listed as 640,992 shares held in his capacity as co-trustee of the Residual 10-Year CLAT UA FDGJR Living Trust. The filing also records indirect and trust-level holdings: 6,197 shares held by his wife, 847,470 shares held as co-trustee for the benefit of his family (FBO), and 211,260 shares held as trustee of the William Michael Gottwald Revocable Trust.
In separate corporate governance news disclosed by the company, Tredegar announced a planned leadership transition. John M. Steitz, who has served on the board since 2018 and as President and Chief Executive Officer since 2019, will retire effective December 31, 2025. Arijit "Bapi" DasGupta has been elected to succeed Steitz and will assume the role of President and CEO on January 1, 2026. DasGupta, who joined the company in 2007, has been President of Tredegar's PE Films business unit since 2015 and will also take a seat on the Board of Directors as part of the transition.
Key context and takeaways
- Insider transaction: Gottwald sold 79,092 Tredegar shares across two days for $683,494, according to the SEC Form 4 filing.
- Valuation and cash flow: The stock shows a high P/E of 130.49 and a 19.22% year-to-date return, while reported free cash flow yield is 7%.
- Leadership change: CEO John M. Steitz will retire at the end of 2025; Arijit "Bapi" DasGupta will take over on January 1, 2026 and join the board.
Risks and uncertainties explicitly supported by the record
- Valuation risk - The company trades at a notably high P/E ratio (130.49), which may reflect elevated valuation relative to reported earnings.
- Leadership transition - The change in CEO and board composition introduces a clear governance change that may carry execution uncertainty.
- Concentrated ownership - A significant portion of shares are held in trusts and related parties, which can affect share liquidity and ownership concentration.
Where specific motives for the insider sales are not disclosed in the filing, the documentation records only the trades and the post-transaction ownership positions. The financial metrics and governance changes above are drawn from the company's filings and related reported data.