Tredegar Management

Management criteria checks 3/4

Tredegar's CEO is John Steitz, appointed in Mar 2019, has a tenure of 5.17 years. total yearly compensation is $1.90M, comprised of 48.8% salary and 51.2% bonuses, including company stock and options. directly owns 0.7% of the company’s shares, worth €1.16M. The average tenure of the management team and the board of directors is 8.8 years and 10.3 years respectively.

Key information

John Steitz

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	48.8%
CEO tenure	5.2yrs
CEO ownership	0.7%
Management average tenure	8.8yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Steitz's remuneration changed compared to Tredegar's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$102m
Dec 31 2023	US$2m	US$929k	-US$106m
Sep 30 2023	n/a	n/a	-US$74m
Jun 30 2023	n/a	n/a	-US$23m
Mar 31 2023	n/a	n/a	US$11m
Dec 31 2022	US$3m	US$895k	US$28m
Sep 30 2022	n/a	n/a	US$54m
Jun 30 2022	n/a	n/a	US$59m
Mar 31 2022	n/a	n/a	US$65m
Dec 31 2021	US$4m	US$869k	US$58m
Sep 30 2021	n/a	n/a	US$43m
Jun 30 2021	n/a	n/a	US$20m
Mar 31 2021	n/a	n/a	US$13m
Dec 31 2020	US$5m	US$844k	-US$17m
Sep 30 2020	n/a	n/a	-US$22m
Jun 30 2020	n/a	n/a	US$10m
Mar 31 2020	n/a	n/a	US$18m
Dec 31 2019	US$4m	US$650k	US$58m
Sep 30 2019	n/a	n/a	US$84m
Jun 30 2019	n/a	n/a	US$34m
Mar 31 2019	n/a	n/a	US$26m
Dec 31 2018	US$93k	n/a	US$62m
Sep 30 2018	n/a	n/a	-US$19m
Jun 30 2018	n/a	n/a	US$23m
Mar 31 2018	n/a	n/a	US$53m
Dec 31 2017	US$107k	n/a	US$38m

Compensation vs Market: John's total compensation ($USD1.90M) is above average for companies of similar size in the German market ($USD715.68K).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Steitz (64 yo)

5.2yrs

Tenure

US$1,902,939

Compensation

Mr. John M. Steitz has been the Chief Executive Officer and President of Tredegar Corporation since March 19, 2019. Mr. Steitz joined the Tredegar Corporation on February 21, 2017. He was Chief Executive O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Steitz	President	5.2yrs	US$1.90m	0.70% $ 1.2m
D. Edwards	Executive VP & CFO	8.8yrs	US$938.63k	0.34% $ 560.0k
Kevin Donnelly	VP, General Counsel & Corporate Secretary	3.3yrs	US$801.32k	0.27% $ 448.4k
Neill Bellamy	Director of Investor Relations	no data	no data	no data
Arijit DasGupta	President of Surface Protection	8.8yrs	no data	no data
Jose Silveira	President of Flexible Packaging Films	8.8yrs	no data	no data
Frasier Brickhouse	Corporate Treasurer & Controller	14.4yrs	US$296.20k	0.11% $ 183.2k
W. Hamilton	President of Bonnell Aluminum	10.9yrs	no data	no data

8.8yrs

Average Tenure

64yo

Average Age

Experienced Management: T70's management team is seasoned and experienced (8.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Steitz	President	7.3yrs	US$1.90m	0.70% $ 1.2m
Gregory Pratt	Independent Lead Director & Chairman	10.3yrs	US$214.49k	0.18% $ 294.9k
Thomas Snead	Independent Director	11.3yrs	US$170.00k	0.16% $ 272.1k
George Freeman	Independent Director	13yrs	US$164.87k	0.17% $ 276.5k
Kenneth Newsome	Independent Director	10.3yrs	US$161.50k	0.16% $ 264.2k
Carl Tack	Independent Director	10.3yrs	US$171.63k	0.16% $ 264.2k

10.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: T70's board of directors are seasoned and experienced ( 10.3 years average tenure).

Tredegar Management

Management criteria checks 3/4

Key information

Recent management updates

Tredegar Corporation, Annual General Meeting, May 09, 2024

Tredegar Corporation Announces Board Changes

Insufficient new directors

Insufficient new directors

Insufficient new directors

Tredegar Corporation Announces Management Changes

Recent updates

First quarter 2024 earnings released: EPS: US$0.096 (vs US$0.03 loss in 1Q 2023)

Tredegar Corporation to Report Q1, 2024 Results on May 09, 2024

John William and James Gottwald Engages with Tredegar Corporation

Tredegar Corporation, Annual General Meeting, May 09, 2024

New minor risk - Share price stability

Full year 2023 earnings released: US$3.10 loss per share (vs US$0.84 profit in FY 2022)

Tredegar Corporation to Report Q4, 2023 Results on Mar 15, 2024

Third quarter 2023 earnings released: US$1.47 loss per share (vs US$0.03 profit in 3Q 2022)

Now 32% undervalued after recent price drop

Tredegar Corporation Reports Impairment Charges for the Second Quarter Ended June 30, 2023

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: US$0.56 loss per share (vs US$0.44 profit in 2Q 2022)

Tredegar Corporation to Report Q2, 2023 Results on Aug 09, 2023

Investor sentiment deteriorates as stock falls 18%

New minor risk - Share price stability

Upcoming dividend of US$0.13 per share at 6.9% yield

Investor sentiment deteriorates as stock falls 16%

First quarter 2023 earnings released: US$0.03 loss per share (vs US$0.49 profit in 1Q 2022)

Tredegar Corporation Declares Quarterly Dividend, Payable on July 3, 2023

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$0.84 (vs US$1.73 in FY 2021)

Upcoming dividend of US$0.13 per share at 5.1% yield

Tredegar Corporation Announces Board Changes

Upcoming dividend of US$0.13 per share

Insufficient new directors

Tredegar Corporation Declares Quarterly Dividend, Payable on January 1, 2023

Third quarter 2022 earnings released: EPS: US$0.03 (vs US$0.18 in 3Q 2021)

Tredegar Corporation to Report Q3, 2022 Results on Nov 09, 2022

Upcoming dividend of US$0.13 per share

Second quarter 2022 earnings released: EPS: US$0.44 (vs US$0.62 in 2Q 2021)

Tredegar Corporation Declares Quarterly Dividend, Payable on October 1, 2022

Tredegar Corporation to Report Q2, 2022 Results on Aug 08, 2022

Tredegar Corporation(NYSE:TG) dropped from Russell 2000 Dynamic Index

Upcoming dividend of US$0.12 per share

First quarter 2022 earnings released: EPS: US$0.49 (vs US$0.29 in 1Q 2021)

Tredegar Corporation Declares Quarterly Dividend, Payable on July 1, 2022

Insufficient new directors

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.12 per share

Marathon Asset Management, LP agreed to acquire kaleo, Inc. from Tredegar Corporation (NYSE:TG) for $310 million.

Third quarter 2021 earnings released: EPS US$0.18 (vs US$0.51 loss in 3Q 2020)

Upcoming dividend of US$0.12 per share

Insufficient new directors

Second quarter 2021 earnings released: EPS US$0.62 (vs US$0.43 in 2Q 2020)

Upcoming dividend of US$0.12 per share

Tredegar Board Declares Quarterly Dividend, Payable on July 1, 2021

Full year 2020 earnings released: US$0.50 loss per share (vs US$1.76 profit in FY 2019)

Upcoming Dividend of US$0.12 Per Share

New 90-day low: €12.10

Tredegar Corporation Announces Management Changes

Upcoming Dividend of US$5.97 Per Share

New 90-day high: €18.00

Third quarter 2020 earnings released: US$0.51 loss per share

Fitesa S.A. completed the acquisition of personal care films business of Tredegar Corporation (NYSE:TG).

New 90-day low: €12.20

New 90-day low: €12.60

Fitesa S.A. entered into a sale & purchase agreement to acquire personal care films business of Tredegar Corporation (NYSE:TG) for $45 million.

New 90-day high - €16.20

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age