Donnelly Kevin Cyril 4
Research Summary
AI-generated summary
Tredegar (TG) EVP Kevin Donnelly Withholds Shares for Taxes
What Happened
- Kevin Cyril Donnelly, Executive Vice President, General Counsel and Corporate Secretary of Tredegar Corp (TG), had 8,533 shares withheld by the issuer to satisfy tax withholding obligations arising when restricted stock vested. The withholding price was $9.36 per share, for a total value of $79,869. The transaction is reported as a disposition (code F).
Key Details
- Transaction date: 2026-05-11; Filing date: 2026-05-13.
- Shares withheld/disposed: 8,533 at $9.36 each; total value $79,869.
- Footnote: Shares were withheld by the issuer to pay the tax liability from vesting of restricted stock granted May 11, 2023.
- Shares owned after the transaction: not specified in the filing.
- Timeliness: Filing posted two days after the transaction (appears within the usual Form 4 reporting window).
Context
- This was a tax withholding on vesting of restricted stock, not an open-market sale or a purchase — a routine administrative disposition that does not necessarily indicate a change in insider sentiment. Such withholdings are common when restricted awards vest and shares are used to cover required payroll/tax obligations.