ERIC W. SCHRECK - 21 Nov 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
21 Nov 2023
Transactions value $
$0
Form type
4
Filing time
22 Nov 2023, 15:52:34 UTC
Previous filing
20 Nov 2023
Next filing
05 Feb 2024

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 Award $0 +3,322 $0.000000 3,322 21 Nov 2023 COMMON STOCK 3,322 Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 1,753 21 Nov 2023 COMMON STOCK 1,753 Direct F2, F4
holding TRST RESTRICTED STOCK UNIT 988 21 Nov 2023 COMMON STOCK 988 Direct F2, F5
holding TRST STOCK OPTIONS 290 21 Nov 2023 COMMON STOCK 290 $36.10 Direct F6
holding TRST STOCK OPTIONS 290 21 Nov 2023 COMMON STOCK 290 $32.15 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2 Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of issued common stock, as determined on the date of vesting of the restricted stock unit.
F3 The restricted stock units vest in three equal annual installments beginning on November 21, 2024. Settlement of the restricted stock units will be made in shares of common stock.
F4 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant
F5 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 16, 2021, the date of the grant.
F6 The options, which were granted to the reporting person on November 18, 2014, vested in five equal annual installments beginning on November 18, 2015.
F7 The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.