ROBERT J. MCCORMICK - 15 Nov 2024 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
CHAIRMAN, PRESIDENT & CEO, Director
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
15 Nov 2024
Transactions value $
-$219,850
Form type
4
Filing time
19 Nov 2024, 15:55:12 UTC
Previous filing
08 Nov 2024
Next filing
21 Nov 2024
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 +2,541 +0.9% $0 285,291 15 Nov 2024 Direct F1, F2, F4
transaction TRST COMMON STOCK Disposed to Issuer -$93,153 -2,541 -0.89% $36.66 282,750 15 Nov 2024 Direct F1, F4
transaction TRST COMMON STOCK Options Exercise $0 +3,456 +1.22% $0 286,206 16 Nov 2024 Direct F1, F3, F5
transaction TRST COMMON STOCK Disposed to Issuer -$126,696 -3,456 -1.21% $36.66 282,750 16 Nov 2024 Direct F1, F5
holding TRST COMMON STOCK 89,053 15 Nov 2024 BY FAMILY

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 -2,541 -49.99% $0 2,542 15 Nov 2024 COMMON STOCK 2,541 $0 Direct F2, F4
transaction TRST RESTRICTED STOCK UNIT Options Exercise $0 -3,456 -100% $0 0 16 Nov 2024 COMMON STOCK 3,456 $0 Direct F3, F5
* 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. The restricted stock units vest in three equal annual installments beginning on November 15, 2023.
F3 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. The restricted stock units vest in three equal annual installments beginning on November 16, 2022.
F4 One third of the restricted stock units awarded November 15, 2022 "vested" on November 15, 2024 and were settled in cash.
F5 One third of the restricted stock units awarded November 16, 2021 "vested" on November 16, 2024 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.