ERIC W. SCHRECK - 15 Nov 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP & TREASURER
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
15 Nov 2023
Transactions value $
$-24,878
Form type
4
Filing time
16 Nov 2023, 15:58:11 UTC
Previous filing
30 Oct 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $0 +876 +3.42% $0.000000 26,498 15 Nov 2023 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer $-24,878 -876 -3.31% $28.40 25,622 15 Nov 2023 Direct F1, F3
holding TRST COMMON STOCK 202 15 Nov 2023 BY WIFE

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TRST RESTRICTED STOCK UNIT Options Exercise $0 -876 -33.3% $0.000000 1,753 15 Nov 2023 COMMON STOCK 876 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects cash settlement of restricted stock units that settled only for cash.
F2 Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issuer Common Stock on the settlement date.
F3 One third of the restricted stock units awarded November 15, 2022 "vested" on November 15, 2023 and were settled in cash.

Remarks:

ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.