<SEC-DOCUMENT>0001140361-20-029508.txt : 20201223
<SEC-HEADER>0001140361-20-029508.hdr.sgml : 20201223
<ACCEPTANCE-DATETIME>20201223210848
ACCESSION NUMBER:		0001140361-20-029508
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20201221
FILED AS OF DATE:		20201223
DATE AS OF CHANGE:		20201223

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EDWARDS D ANDREW
		CENTRAL INDEX KEY:			0001182476

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10258
		FILM NUMBER:		201414237

	MAIL ADDRESS:	
		STREET 1:		TREDEGAR CORP
		STREET 2:		1100 BOULDERS PARKWAY
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23225

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TREDEGAR CORP
		CENTRAL INDEX KEY:			0000850429
		STANDARD INDUSTRIAL CLASSIFICATION:	ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350]
		IRS NUMBER:				541497771
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1100 BOULDERS PKWY
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23225
		BUSINESS PHONE:		8043301000

	MAIL ADDRESS:	
		STREET 1:		1100 BOULDERS PARKWAY
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23225

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TREDEGAR INDUSTRIES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
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    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2020-12-21</periodOfReport>

    <issuer>
        <issuerCik>0000850429</issuerCik>
        <issuerName>TREDEGAR CORP</issuerName>
        <issuerTradingSymbol>TG</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001182476</rptOwnerCik>
            <rptOwnerName>EDWARDS D ANDREW</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1100 BOULDERS PARKWAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RICHMOND</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23225</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Vice President and CFO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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                <value>Tredegar Common Stock</value>
            </securityTitle>
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                    <value>53291</value>
                </sharesOwnedFollowingTransaction>
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                    <value>D</value>
                </directOrIndirectOwnership>
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                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>401(k) Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

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                <footnoteId id="F6"/>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <underlyingSecurity>
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            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>171993</value>
                </sharesOwnedFollowingTransaction>
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                <footnoteId id="F7"/>
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            <transactionDate>
                <value>2020-12-21</value>
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            <transactionCoding>
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                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
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            <transactionDate>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <transactionPricePerShare>
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            <transactionAmounts>
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                <directOrIndirectOwnership>
                    <value>D</value>
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                <value>2020-12-21</value>
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                <transactionShares>
                    <value>9611</value>
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                <transactionPricePerShare>
                    <value>0</value>
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                    <value>A</value>
                </transactionAcquiredDisposedCode>
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                <value>2022-03-18</value>
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                <value>2027-03-25</value>
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    <footnotes>
        <footnote id="F1">Shares as reported by the Tredegar Corporation Retirement Savings Plan (the &quot;Savings Plan&quot;) trustee.</footnote>
        <footnote id="F2">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 &quot;Special Dividend&quot;). In connection with the Special Dividend, the Executive Compensation Committee of the Issuer's Board of Directors (the &quot;Committee&quot;) 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.</footnote>
        <footnote id="F3">The original grant was for 39,572 shares with an exercise price of $15.65 per share.</footnote>
        <footnote id="F4">The original grant was for 16,488 shares with an exercise price of $15.65 per share.</footnote>
        <footnote id="F5">The original grant was for 34,358 shares with an exercise price of $19.35 per share.</footnote>
        <footnote id="F6">The original grant was for 37,841 shares with an exercise price of $18.48 per share.</footnote>
        <footnote id="F7">The original grant was for 85,277 shares with an exercise price of $14.41 per share.</footnote>
        <footnote id="F8">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ D. Andrew Edwards</signatureName>
        <signatureDate>2020-12-23</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
