secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2023-10-04T23:59:59+00:00
Accession:  0001193125-23-250760
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar enters CIC severance agreements with CFO Edwards and GC Donnelly
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- Agreements provide 2.0x severance multiple (salary + target bonus) for termination near CIC; 1.0x otherwise.
- Executives include D. Andrews Edwards (EVP, CFO) and Kevin C. Donnelly (VP, General Counsel, Corporate Secretary).
- Benefits include full acceleration of unvested equity and cash-based long-term incentive awards.
- COBRA premium payment equal to severance multiple times annual health plan cost also provided.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000119312523250760/0001193125-23-250760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000119312523250760/d509382d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-250760

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer