Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
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.
| 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.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kevin Donnelly | $1,464,921 | $1,359,471 | $801,316 | +105,450 |
| 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.
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Kevin Donnelly | RSU | 2025-03-06 | — | — | 33,748 | — | — |
| 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 | — | — |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Kevin Donnelly | $0 | $233,536 | $0 | 100.0% |
| Andrew Edwards | 0 | 310,237 | 0 | 100.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| John Steitz | RSU | 75,000 | — | $538,500 |
| Andrew Edwards | PSU | 58,982 | — | 423,492 |
| Kevin Donnelly | PSU | 44,400 | — | 318,792 |
| Kevin Donnelly | RSU | 33,748 | — | 242,311 |
| Andrew Edwards | RSU | 37,662 | — | 270,413 |
| Kevin Donnelly | PSU | 33,748 | — | 242,313 |
| Kevin Donnelly | RSU | 28,350 | — | 203,553 |
| Kevin Donnelly | RSU | 29,600 | — | 212,528 |
| Kevin Donnelly | PSU | 14,175 | — | 101,777 |
| John Steitz | SAR | 427,275 | 10.75 | — |
| John Steitz | SAR | 35,909 | 15.25 | — |
| John Steitz | SAR | 263,914 | 16.37 | — |
| Andrew Edwards | SAR | 50,744 | 13.78 | — |
| Andrew Edwards | SAR | 3,113 | 15.25 | — |
| Andrew Edwards | SAR | 114,355 | 10.75 | — |
| Andrew Edwards | SAR | 9,611 | 15.25 | — |
| Andrew Edwards | SAR | 74,049 | 16.37 | — |
| Kevin Donnelly | SAR | 5,489 | 10.75 | — |
| Kevin Donnelly | SAR | 461 | 15.25 | — |
| Kevin Donnelly | SAR | 50,859 | 16.37 | — |
| 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.
| 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.
| Ratio (CEO : median employee) | 15 : 1 |
|---|---|
| CEO total compensation | — |
| Median employee compensation | — |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Gregory A. PrattIndependent · Board Chair · Audit · Nominating and Governance | $106,516 | $122,484 | — | — | — | $229,000 |
| Carl E. Tack IIIIndependent · Audit · Executive Compensation (Chair) · Nominating and Governance | 85,018 | 89,982 | — | — | — | 175,000 |
| Thomas G. Snead JrIndependent · Audit (Chair) · Not standing for re-election | 80,018 | 89,982 | — | — | — | 170,000 |
| George C. Freeman IIIIndependent · Executive Compensation · Nominating and Governance (Chair) | 74,518 | 89,982 | — | — | — | 164,500 |
| Kenneth R. NewsomeIndependent · Executive Compensation · Nominating and Governance · Not standing for re-election | 71,518 | 89,982 | — | — | — | 161,500 |
| Christine R. VlahcevicIndependent · Audit · Executive Compensation | 52,915 | 65,231 | — | — | — | 118,146 |
| Arijit (Bapi) DasGuptaEmployee director · Newly elected | — | — | — | — | — | 0 |
| Cynthia A. BoiterIndependent · Newly elected | — | — | — | — | — | — |
| David A. ParksIndependent · Newly elected | — | — | — | — | — | — |
| Annual cash retainer | $60,000 |
|---|---|
| Annual equity retainer | $90,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 10,500 / 11,000 / 7,500 |
| Stock ownership guideline | $4 |
| 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.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Tredegar names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Tredegar.
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 | Apogee Enterprises, Inc. | 2026 | Ty Silberhorn | $627,308 | $2,283,419 | $0 | $1,208,500 | $6,075,286 |
| 2 | AdvanSix Inc. | 2025 | Erin Kane | 1,019,700 | 3,747,900 | 0 | 785,400 | 5,647,438 |
| 3 | Albany International Corp. | 2025 | Gunnar Kleveland | 922,327 | 2,612,570 | 0 | 699,550 | 4,259,285 |
| 4 | Janus International Group, Inc. | 2025 | Ramey Jackson | 895,000 | 2,490,985 | 0 | 805,500 | 4,198,985 |
| 5 | Insteel Industries, Inc. | 2025 | H.o. Woltz III | 750,000 | 562,506 | 562,489 | 1,500,000 | 3,447,259 |
| 6 | Tredegar | 2025 | John Steitz | 937,560 | 0 | 0 | 0 | 984,438 |
| — | Clearwater Paper Corporation | — | — | — | — | — | — | not in coverage universe |
| — | CSW Industrials, Inc. | — | — | — | — | — | — | not in coverage universe |
| — | American Vanguard Corporation | — | — | — | — | — | — | not in coverage universe |
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.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Tredegar | not disclosed | not disclosed | not disclosed | not disclosed |
| 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 | not disclosed |
| 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 | not disclosed | not disclosed | not disclosed |
| CSW Industrials, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Insteel Industries, Inc. | 200% | RSU 50 · Options 50 | not disclosed | Pearl Meyer & Partners, LLC |
| Janus International Group, Inc. | not disclosed | PSU 50 · RSU 50 | not disclosed | Mercer |
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.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Kevin Donnelly | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation”. As printed: 1,464,921. Filing ↗machine: r10 · c27 · span 446509–446518 |
| 2 | Section 01, Andrew Edwards | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation”. As printed: 1,175,607. Filing ↗machine: r7 · c27 · span 439725–439734 |
| 3 | Section 01, John Steitz | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation”. As printed: 984,438. Filing ↗machine: r4 · c27 · span 433265–433272 |
| 4 | Section 03, Kevin Donnelly RSU | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 390516–390522 |
| 5 | Section 03, Kevin Donnelly PSU | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 6 | Section 03, Andrew Edwards PSU | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 03, Andrew Edwards RSU | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 389534–389540 |
| 8 | Section 07, pay ratio | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “CEO Pay Ratio”. As printed: 15 : 1. Filing ↗ |
| 9 | Section 08, Gregory A. Pratt | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 229,000. Filing ↗ |
| 10 | Section 08, Carl E. Tack III | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 175,000. Filing ↗ |
| 11 | Section 08, Thomas G. Snead Jr | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 170,000. Filing ↗ |
| 12 | Section 08, George C. Freeman III | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 164,500. Filing ↗ |
| 13 | Section 08, Kenneth R. Newsome | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 161,500. Filing ↗ |
| 14 | Section 08, Christine R. Vlahcevic | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 118,146. Filing ↗ |
| 15 | Section 08, Arijit (Bapi) DasGupta | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 16 | Section 08, Cynthia A. Boiter | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 17 | Section 08, David A. Parks | DEF 14A | 2026-03-25 | 0001628280-26-020996 | Section “Director Compensation”. As printed: —. Filing ↗ |
| 18 | Section 06, 2026 vote | Form 8-K | 2026-05-13 | 0001193125-26-221776 | Item 5.07 · say-on-pay result. As reported: 56.95% (votes for as printed: 15,888,365). Filing ↗ |
| 19 | Section 06, 2025 vote | Form 8-K | 2025-05-12 | 0001193125-25-117822 | Item 5.07 · say-on-pay result. As reported: 57.34% (votes for as printed: 15,302,187). Filing ↗ |
| 20 | Section 06, 2024 vote | Form 8-K | 2024-05-15 | 0001193125-24-139386 | Item 5.07 · say-on-pay result. As reported: 60.78% (votes for as printed: 16,178,738). Filing ↗ |
| 21 | Section 01 trend, Δ column (computed) | Computed | — | computed | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 22 | Section 03b vehicle mix (computed) | Computed | — | computed | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 23 | Section 09b board cost (computed) | Computed | — | computed | Cash 470,503 + equity 547,643 + all other 0 = 1,018,146, summed across the director compensation table rows.machine: formula: Σ = 1,018,146 |
| 24 | Apogee Enterprises, Inc., Section 10b CEO total | DEF 14A | 2026-05-12 | 0000006845-26-000036 | CEO total compensation as printed in Apogee Enterprises, Inc.'s own proxy. As printed: 6,075,286. Filing ↗machine: r18 · c51 · span 853782–853791 |
| 25 | AdvanSix Inc., Section 10b CEO total | DEF 14A | 2026-04-29 | 0001673985-26-000022 | CEO total compensation as printed in AdvanSix Inc.'s own proxy. As printed: 5,647,438. Filing ↗machine: span 646055–646064 |
| 26 | Albany International Corp., Section 10b CEO total | DEF 14A | 2026-04-02 | 0001628280-26-022940 | CEO total compensation as printed in Albany International Corp.'s own proxy. As printed: 4,259,285. Filing ↗machine: t89 · r3 · c9 · span 688295–688304 |
| 27 | Janus International Group, Inc., Section 10b CEO total | DEF 14A | 2026-04-24 | 0001140361-26-016709 | CEO total compensation as printed in Janus International Group, Inc.'s own proxy. As printed: 4,198,985. Filing ↗machine: r2 · c21 · span 803020–803029 |
| 28 | Insteel Industries, Inc., Section 10b CEO total | DEF 14A | 2026-01-02 | 0001308179-26-000001 | CEO total compensation as printed in Insteel Industries, Inc.'s own proxy. As printed: 3,447,259. Filing ↗machine: t164 · r1 · c8 · span 469403–469412 |
| 29 | Tredegar (subject), Section 10b CEO total | DEF 14A | 2026-03-25 | 0001628280-26-020996 | CEO total compensation as printed in Tredegar's own proxy. As printed: 984,438. Filing ↗machine: r4 · c27 · span 433265–433272 |
| 30 | Section 10a, AdvanSix Inc. reciprocity | DEF 14A | — | 0001673985-26-000022 | AdvanSix Inc.'s most recent proxy was read; its disclosed peer group does not include Tredegar. Filing ↗ |
| 31 | Section 10a, Janus International Group, Inc. reciprocity | DEF 14A | — | 0001140361-26-016709 | Janus International Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Tredegar. Filing ↗ |
| 32 | Section 10a, Insteel Industries, Inc. reciprocity | DEF 14A | — | 0001308179-26-000001 | Insteel Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Tredegar. Filing ↗ |
| 33 | Section 10a, Albany International Corp. reciprocity | DEF 14A | — | 0001628280-26-022940 | Albany International Corp.'s most recent proxy was read; its disclosed peer group does not include Tredegar. Filing ↗ |
| 34 | Section 10a, Apogee Enterprises, Inc. reciprocity | DEF 14A | — | 0000006845-26-000036 | Apogee Enterprises, Inc.'s most recent proxy was read; its disclosed peer group does not include Tredegar. Filing ↗ |