Companies Tredegar Corp
Tredegar (TG): executive pay, fiscal 2025
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CEO vs. named peers1st pct.Of 15 peer CEOs
CEO pay, last three years
- $1,902,939FY2023
- $3,552,093FY2024
- $984,438FY2025
CEO total pay was $984,438 in fiscal 2025, down from $3,552,093 in fiscal 2024.
FY2025: salary $937,560 · bonus $0 · stock awards $0 · option awards $0
Executives and directors
Andrew Edwards · CFOJohn Steitz · CEOKevin Donnelly · General CounselArijit (Bapi) DasGupta · DirectorCarl E. Tack III · Independent DirectorChristine R. Vlahcevic · Independent DirectorGeorge C. Freeman III · Independent DirectorGregory A. Pratt · Chair of the BoardKenneth R. Newsome · Independent DirectorThomas G. Snead Jr · Independent Director
Frequently asked questions
Who was the highest-paid executive at Tredegar Corp in fiscal 2025?
As disclosed, Kevin Donnelly (Executive Vice President, General Counsel and Secretary) was the highest-paid executive at Tredegar Corp in fiscal 2025, with total compensation of $1,464,921.
How does Tredegar Corp's chief executive pay compare to its disclosed peer group?
As disclosed, John Steitz's total compensation ranked at the 1st percentile of Tredegar Corp's disclosed peer group.
What is Tredegar Corp's CEO-to-median employee pay ratio?
As disclosed, Tredegar Corp's CEO-to-median employee pay ratio was 15:1.
How did shareholders vote on Tredegar Corp's executive compensation?
As disclosed, 56.95% of shareholders supported Tredegar Corp's executive compensation in the latest say-on-pay vote.
How much does Tredegar Corp spend in total on board compensation for fiscal 2025?
As disclosed, Tredegar Corp reported total board compensation of $1,018,146 for fiscal 2025.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kevin Donnelly | $477,584 | $0 | $467,072 | $0 | $496,386 | $0 | $23,879 | $1,464,921 |
| Executive Vice President, General Counsel and Secretary | ||||||||
| Andrew Edwards | 528,698 | 0 | 620,474 | 0 | 0 | 0 | 26,435 | 1,175,607 |
| Former Executive Vice President and Chief Financial Officer | ||||||||
| John Steitz | 937,560 | 0 | 0 | 0 | 0 | 0 | 46,878 | 984,438 |
| Former President and Chief Executive Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kevin Donnelly | $1,464,921 | $1,132,735 | $801,316 | ↑ +332,186 |
| Andrew Edwards | 1,175,607 | 1,639,006 | 938,631 | ↓ −463,399 |
| John Steitz | 984,438 | 3,552,093 | 1,902,939 | ↓ −2,567,655 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The Committee considers Tredegar’s performance, individual executive performance, recommendations from the CEO, the peer group compensation, published compensation survey data and recommendations by Pearl Meyer.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pearl Meyer |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2025
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Kevin Donnelly | PSU | 2025-03-06 | 16,874 | 33,748 | — | 50,622 | $233,536 |
| Andrew Edwards | PSU | 2025-03-06 | 22,416 | 44,832 | — | 67,248 | 310,237 |
| Andrew Edwards | RSU | 2025-03-06 | — | — | 44,832 | — | 310,237 |
| Kevin Donnelly | RSU | 2025-03-06 | — | — | 33,748 | — | 233,536 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kevin Donnelly | $233,536 | $233,536 | $0 | 50.0% |
| Andrew Edwards | 310,237 | 310,237 | 0 | 50.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Kevin Donnelly | PSU | 14,175 | — | $101,777 |
| Kevin Donnelly | RSU | 28,350 | — | 203,553 |
| Kevin Donnelly | RSU | 29,600 | — | 212,528 |
| Kevin Donnelly | RSU | 33,748 | — | 242,311 |
| Kevin Donnelly | PSU | 33,748 | — | 242,313 |
| Andrew Edwards | RSU | 37,662 | — | 270,413 |
| Kevin Donnelly | PSU | 44,400 | — | 318,792 |
| Andrew Edwards | PSU | 58,982 | — | 423,492 |
| John Steitz | RSU | 75,000 | — | 538,500 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Gregory A. PrattIndependent · Board Chair · Corporate Governance · Audit · Senior Leadership · Industry · Risk Management · International · Financial | $106,516 | $122,484 | $0 | — | $0 | $229,000 |
| Carl E. Tack IIIIndependent · Executive Compensation (Chair) · Corporate Governance · Audit · Senior Leadership · Industry · International · Financial | 85,018 | 89,982 | 0 | — | 0 | 175,000 |
| Thomas G. Snead JrIndependent · Audit (Chair) · Not standing for re-election | 80,018 | 89,982 | 0 | — | 0 | 170,000 |
| George C. Freeman IIIIndependent · Executive Compensation · Corporate Governance (Chair) · Senior Leadership · Public Company Board · Industry · Risk Management · International · Financial | 74,518 | 89,982 | 0 | — | 0 | 164,500 |
| Kenneth R. NewsomeIndependent · Executive Compensation · Corporate Governance · Not standing for re-election | 71,518 | 89,982 | 0 | — | 0 | 161,500 |
| Christine R. VlahcevicIndependent · Executive Compensation · Audit · Senior Leadership · Industry · Corporate Governance · International · Financial | 52,915 | 65,231 | 0 | — | 0 | 118,146 |
| Arijit (Bapi) DasGuptaEmployee director · Senior Leadership · Industry · Corporate Governance · Risk Management · International · Financial | — | — | — | — | — | 0 |
| David A. ParksIndependent · Senior Leadership · Industry · Corporate Governance · International · Financial · Newly elected | — | — | — | — | — | — |
| Cynthia A. BoiterIndependent · Senior Leadership · Public Company Board · Industry · Corporate Governance · Risk Management · International · Financial · Newly elected | — | — | — | — | — | — |
Board fee structure and ownership guideline
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | $90,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 20,000 / 11,000 / 7,500 |
| Stock ownership guideline | $4 |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $470,503 |
| Equity awards (grant-date value) | $547,643 |
| All other compensation | $0 |
| Total cost of the board | $1,018,146 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Tredegar as a peer
Companies that benchmark against TG
8 companies name TG as a compensation peer
- AMERICAN VANGUARD CORPAVDFY2025
- Ecovyst Inc.ECVTFY2025
- ENNIS, INC.EBFFY2026
- FOSTER L B COFSTRFY2025
- INTERFACE INCTILEFY2025
- RAYONIER ADVANCED MATERIALS INC.RYAMFY2025
- TENNANT COTNCFY2025
Each company listed discloses TG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
AIN Albany International Corp.MEC Mayville Engineering CompanyIIIN Insteel Industries, Inc.TRS TriMas Corporation Inc.MATV Mativ Holdings, Inc.JBI Janus International Group, Inc.CLW Clearwater Paper CorporationAVD American Vanguard CorporationAPOG Apogee Enterprises, Inc.ASIX AdvanSix Inc.CSW CSW Industrials, Inc.SXI Standex International CorporationNX Quanex Building Products CorporationMYE Myers Industries, Inc.ROG Rogers Corporation
Peer reciprocity
The companies Tredegar Corp names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | TriMas Corporation Inc. | 2025 | Thomas J. Snyder | $415,385 | $4,249,999 | $6,707,644 | $0 | $12,128,864 |
| 2 | CSW Industrials, Inc. | 2026 | Joseph Armes | 925,000 | 4,938,001 | 0 | 1,286,976 | 7,273,615 |
| 3 | Standex International Corporation | 2026 | David Dunbar | 936,436 | 4,135,819 | 0 | 560,457 | 6,407,973 |
| 4 | Apogee Enterprises, Inc. | 2026 | Ty Silberhorn | 627,308 | 2,283,419 | 0 | 1,208,500 | 6,075,286 |
| 5 | AdvanSix Inc. | 2025 | Erin Kane | 1,019,700 | 3,747,900 | 0 | 785,400 | 5,647,438 |
| 6 | Clearwater Paper Corporation | 2025 | Arsen Kitch | 1,000,000 | 3,107,277 | 0 | 937,500 | 5,201,341 |
| 7 | Albany International Corp. | 2025 | Gunnar Kleveland | 922,327 | 2,612,570 | 0 | 699,550 | 4,259,285 |
| 8 | Janus International Group, Inc. | 2025 | Ramey Jackson | 895,000 | 2,490,985 | 0 | 805,500 | 4,198,985 |
| 9 | Myers Industries, Inc. | 2025 | Aaron Schapper | 775,385 | 1,952,344 | 402,500 | 700,000 | 3,889,228 |
| 10 | Quanex Building Products Corporation | 2025 | George Wilson | 950,000 | 1,853,425 | 0 | 737,578 | 3,635,424 |
| 11 | Insteel Industries, Inc. | 2025 | H.o. Woltz III | 750,000 | 562,506 | 562,489 | 1,500,000 | 3,447,259 |
| 12 | Mativ Holdings, Inc. | 2025 | Shruti Singhal | 1,061,077 | 2,131,441 | 0 | 0 | 3,256,333 |
| 13 | Mayville Engineering Company | 2025 | Jagadeesh (Jag) Reddy | 736,450 | 2,380,000 | — | — | 3,183,288 |
| 14 | Rogers Corporation | 2025 | Ali El-Haj | 558,888 | 1,582,485 | 0 | 0 | 2,504,583 |
| 15 | American Vanguard Corporation | 2025 | Douglas Kaye | 650,000 | 0 | — | 235,950 | 1,069,480 |
| 16 | Tredegar Corp | 2025 | John Steitz | 937,560 | 0 | 0 | 0 | 984,438 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Tredegar Corp | not disclosed | Restricted Stock 50 · Performance Units 50 | not disclosed | Pearl Meyer |
| AdvanSix Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | not disclosed |
| Albany International Corp. | 72.9% | PSU 50 · RSU 50 | Yes — AIN Relative TSR | Pearl Meyer & Partners |
| American Vanguard Corporation | not disclosed | not disclosed | not disclosed | Exequity, LLP |
| Apogee Enterprises, Inc. | not disclosed | RSU 50 · PSU 50 | No | Meridian Compensation Partners, LLC (current); Willis Towers Watson (through September 2025) |
| Clearwater Paper Corporation | not disclosed | PSU 60 · RSU 40 | not disclosed | Semler Brossy |
| CSW Industrials, Inc. | not disclosed | PSU 60 · RSU 40 | not disclosed | WTW |
| Insteel Industries, Inc. | not disclosed | not disclosed | not disclosed | Pearl Meyer |
| Janus International Group, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Mercer |
| Mativ Holdings, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners, LLC |
| Mayville Engineering Company | not disclosed | PSU 50 · RSU 50 | not disclosed | Pearl Meyer |
| Myers Industries, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Semler Brossy |
| Quanex Building Products Corporation | not disclosed | Performance Shares 40 · Restricted Stock 30 · PRSU 30 | not disclosed | Frederic W. Cook & Co., Inc. |
| Rogers Corporation | 5.94% | PSU 60 · RSU 40 | No | Compensia |
| Standex International Corporation | not disclosed | RSU 50 · PSU 50 | Yes — Relative TSR | Meridian |
| TriMas Corporation Inc. | 200% | Options 65 · RSU 35 | No | Meridian Compensation Partners |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-08 | 15,888,365 | 12,012,531 | 17,974 | 56.95% | Passed |
| 2025 | 2025-05-08 | 15,302,187 | 11,384,338 | 76,303 | 57.34% | Passed |
| 2024 | 2024-05-09 | 16,178,738 | 10,439,856 | 79,402 | 60.78% | Passed |
| 2023 | 2023-05-04 | 20,873,662 | 1,572,811 | 182,310 | 92.99% | Passed |
| 2022 | 2022-05-05 | 24,800,643 | 1,369,147 | 88,052 | 94.77% | Passed |
| 2021 | 2021-05-06 | 22,413,772 | 6,836,933 | 116,837 | 76.63% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-08 | 56.95%a |
| 2025 | 2025-05-08 | 57.34%b |
| 2024 | 2024-05-09 | 60.78%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 15 : 1 |
|---|---|
| CEO total compensation | $984,438 |
| Median employee compensation | $64,569 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (40 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kevin Donnelly. DEF 14A, filed 2026-03-25. Section “Executive Compensation”. As printed: 1,464,921. View filing ↗
- Section 01, Andrew Edwards. DEF 14A, filed 2026-03-25. Section “Executive Compensation”. As printed: 1,175,607. View filing ↗
- Section 01, John Steitz. DEF 14A, filed 2026-03-25. Section “Executive Compensation”. As printed: 984,438. View filing ↗
- Section 03, Kevin Donnelly PSU. DEF 14A, filed 2026-03-25. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Andrew Edwards PSU. DEF 14A, filed 2026-03-25. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Andrew Edwards RSU. DEF 14A, filed 2026-03-25. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Kevin Donnelly RSU. DEF 14A, filed 2026-03-25. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-03-25. Section “CEO Pay Ratio”. As printed: 15 : 1. View filing ↗
- Section 08, Gregory A. Pratt. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 229,000. View filing ↗
- Section 08, Carl E. Tack III. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 175,000. View filing ↗
- Section 08, Thomas G. Snead Jr. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 170,000. View filing ↗
- Section 08, George C. Freeman III. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 164,500. View filing ↗
- Section 08, Kenneth R. Newsome. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 161,500. View filing ↗
- Section 08, Christine R. Vlahcevic. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 118,146. View filing ↗
- Section 08, Arijit (Bapi) DasGupta. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, David A. Parks. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: —. View filing ↗
- Section 08, Cynthia A. Boiter. DEF 14A, filed 2026-03-25. Section “Director Compensation”. As printed: —. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-13. Item 5.07 · say-on-pay result. As reported: 56.95% (votes for as printed: 15,888,365). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-12. Item 5.07 · say-on-pay result. As reported: 57.34% (votes for as printed: 15,302,187). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-15. Item 5.07 · say-on-pay result. As reported: 60.78% (votes for as printed: 16,178,738). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 470,503 + equity 547,643 + all other 0 = 1,018,146, summed across the director compensation table rows.
- TriMas Corporation Inc., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in TriMas Corporation Inc.'s own proxy. As printed: 12,128,864. View filing ↗
- CSW Industrials, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-16. CEO total compensation as printed in CSW Industrials, Inc.'s own proxy. As printed: 7,273,615. View filing ↗
- Standex International Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-04. CEO total compensation as printed in Standex International Corporation's own proxy. As printed: 6,407,973. View filing ↗
- Apogee Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-12. CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. View filing ↗
- AdvanSix Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. View filing ↗
- Clearwater Paper Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Clearwater Paper Corporation's own proxy. As printed: 5,201,341. View filing ↗
- Albany International Corp., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Albany International Corp.'s own proxy. As printed: 4,259,285. View filing ↗
- Janus International Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Janus International Group, Inc.'s own proxy. As printed: 4,198,985. View filing ↗
- Myers Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in Myers Industries, Inc.'s own proxy. As printed: 3,889,228. View filing ↗
- Quanex Building Products Corporation, Section 10b CEO total. DEF 14A, filed 2026-01-28. CEO total compensation as printed in Quanex Building Products Corporation's own proxy. As printed: 3,635,424. View filing ↗
- Insteel Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-01-02. CEO total compensation as printed in Insteel Industries, Inc.'s own proxy. As printed: 3,447,259. View filing ↗
- Mativ Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Mativ Holdings, Inc.'s own proxy. As printed: 3,256,333. View filing ↗
- Mayville Engineering Company, Section 10b CEO total. DEF 14A, filed 2026-03-10. CEO total compensation as printed in Mayville Engineering Company's own proxy. As printed: 3,183,288. View filing ↗
- Rogers Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-24. CEO total compensation as printed in Rogers Corporation's own proxy. As printed: 2,504,583. View filing ↗
- American Vanguard Corporation, Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in American Vanguard Corporation's own proxy. As printed: 1,069,480. View filing ↗
- Tredegar Corp (subject), Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in Tredegar Corp's own proxy. As printed: 984,438. View filing ↗
- Section 10a, American Vanguard Corporation reciprocity. DEF 14A. American Vanguard Corporation names Tredegar Corp in its own disclosed peer group (read from its most recent proxy). View filing ↗