Gregory A. Pratt
About Gregory A. Pratt
Gregory A. Pratt (age 76) has served on Tredegar Corporation’s Board since 2014 and was appointed independent Chairman of the Board in January 2023 after serving as Lead Director since 2016. He is affirmed independent under NYSE standards, recognized as an audit committee financial expert, and brings financial and manufacturing expertise from prior CEO/chair roles at Carpenter Technology. In 2024 he attended 100% of Board and applicable committee meetings, signaling strong engagement .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Carpenter Technology Corporation | Chairman; earlier Executive Chairman, CEO & President | Chairman until retirement in 2021; Executive Chairman Jul–Nov 2015; CEO & President Nov 2014–Jul 2015 | Led large public company; manufacturing and financial expertise applied to TG oversight |
| National Association of Corporate Directors – Capital Area Chapter | Chapter Chairman | 2007–2019 | Governance thought leadership; boardroom practices advocacy |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Anterix Inc. | Director | 2020–2024 | Wireless spectrum commercialization; public company experience |
| Carpenter Technology Corporation | Director | Nov 2009–2021 | Public company board service prior to retirement |
| Current public boards | — | — | None disclosed beyond TG |
Board Governance
- Independent Chairman of the Board; CEO and Chair roles separated, improving oversight and investor confidence .
- Independence affirmed; majority of TG’s directors are independent .
- Committees: Audit Committee member and “audit committee financial expert”; Nominating & Governance Committee member; not on Executive Compensation Committee .
- Attendance: 100% of Board and committee meetings in 2024 (Board met 6 times) .
- Independent director executive sessions occur regularly at Board meetings .
- Related-party transactions: Audit Committee reviews and approves; none in 2023 or 2024 .
- Stock hedging/pledging: Prohibited; pledging requires prior Nominating & Governance approval (strong alignment safeguards) .
- Director ownership guidelines: 4x base cash retainer within six years; all directors except newly added Vlahcevic are compliant (Pratt compliant) .
Fixed Compensation
| Component | Amount | Notes |
|---|---|---|
| Annual cash retainer (non-employee director) | $60,000 | Paid quarterly |
| Annual stock retainer (non-employee director) | $90,000 | Stock awards, valued at grant date price; immediate vesting |
| Chairman of the Board – cash | $32,500 | Incremental to director retainer |
| Chairman of the Board – stock | $32,500 | Incremental stock award; immediate vesting |
| Committee fees (member/chair) | Audit: $9,500 member / $20,000 chair; Compensation: $7,000 member / $11,000 chair; Nominating: $4,500 member / $7,500 chair | Pratt is Audit and Nominating member (member rates apply) |
| Director | Fees Earned or Paid in Cash ($) | Stock Awards ($) | Total ($) |
|---|---|---|---|
| Gregory A. Pratt | $105,281 | $122,491 | $227,772 |
Performance Compensation
TG does not use performance-conditioned director equity. Non-employee director and Chairman stock retainers are granted as common stock awards that vest immediately upon grant (no performance metrics) .
| Metric | Jan 2, 2024 | Apr 1, 2024 | Jul 1, 2024 | Oct 1, 2024 |
|---|---|---|---|---|
| Non-Employee Director Shares (count) | 4,128 | 3,526 | 4,787 | 3,142 |
| Chairman Additional Shares (count) | 1,491 | 1,274 | 1,728 | 1,135 |
| Closing Price ($) | $5.45 | $6.38 | $4.70 | $7.16 |
Other Directorships & Interlocks
| Company | Relationship to TG | Interlock/Conflict |
|---|---|---|
| Anterix Inc. (2020–2024) | None disclosed | No related-party transactions disclosed |
| Carpenter Technology (2009–2021) | None disclosed | No related-party transactions disclosed |
Expertise & Qualifications
- Audit committee financial expert; financially literate with accounting/financial management expertise; contributes risk oversight including cybersecurity and climate-related risks .
- Senior leadership and manufacturing expertise; public company board and international experience; governance and risk management skills per skills matrix .
- Governance acumen from NACD leadership, supporting board effectiveness .
Equity Ownership
| Ownership Metric | As of Mar 1, 2025 | As of Oct 1, 2025 (post-Form 4) |
|---|---|---|
| Beneficial shares | 74,954 | 86,223 |
| Shares outstanding | 34,658,671 | 34,658,671 |
| Ownership % | 0.22% (calc: 74,954 / 34,658,671; sources ) | 0.25% (calc: 86,223 / 34,658,671; sources ) |
| Hedging/pledging | Prohibited by Governance Guidelines (pledging requires prior approval) | Same |
| Director ownership guideline | 4× cash retainer; Pratt compliant | Same |
Insider Form 4 director awards and holdings progression:
| Transaction Date | Shares Awarded | Price ($) | Post-Transaction Holdings |
|---|---|---|---|
| 2023-01-04 | 2,180 | 10.32 | 36,420 |
| 2023-04-03 | 3,242 | 9.25 | 39,662 |
| 2023-07-03 | 4,457 | 6.87 | 44,119 |
| 2023-10-02 | 5,713 | 5.36 | 49,832 |
| 2024-01-02 | 5,619 | 5.45 | 55,451 |
| 2024-04-01 | 4,800 | 6.38 | 60,251 |
| 2024-07-01 | 6,515 | 4.70 | 66,766 |
| 2024-10-01 | 4,277 | 7.16 | 71,043 |
| 2025-01-02 | 3,911 | 7.83 | 74,954 |
| 2025-04-01 | 3,977 | 7.70 | 78,931 |
| 2025-07-01 | 3,421 | 8.95 | 82,352 |
| 2025-10-01 | 3,871 | 7.91 | 86,223 |
Governance Assessment
- Strengths: Independent Chair with 100% meeting attendance; audit committee financial expert; robust committee independence; explicit anti-hedging/pledging policy; no related-party transactions in 2023–2024; director ownership guideline compliance supports alignment .
- Compensation structure (directors): Balanced cash/equity retainers with immediate vesting; clear committee fee schedule; Nominating & Governance sets director pay (not management), supporting independence .
- Shareholder signals: 2024 say-on-pay support at ~60% reflects concerns about stock performance and results; Board undertook >40% stock outreach; committee did not materially change exec pay program—ongoing monitoring advised .
- Refreshment: Board added a new independent director in 2025; Pratt’s continued service past age 72 explicitly considered and approved as in shareholders’ interest—transparent but watch tenure balance .
- RED FLAGS: None observed for Pratt—no related-party transactions; no pledging/hedging disclosed; compliance with ownership guidelines; timely Section 16 compliance for directors noted (CEO had an administrative late filing; not Pratt) .