SCOT R. SALVADOR - 15 Nov 2024 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP & EVP COMMERICAL BANKING
Signature
/S/MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
15 Nov 2024
Net transactions value
-$68,334
Form type
4
Filing time
19 Nov 2024, 15:55:57 UTC
Previous 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 +1.8% $0.000000 50,170 15 Nov 2024 Direct F1, F2, F4
transaction TRST COMMON STOCK Disposed to Issuer $32,114 -876 -1.7% $36.66 49,294 15 Nov 2024 Direct F1, F4
transaction TRST COMMON STOCK Options Exercise $0 +988 +2% $0.000000 50,282 16 Nov 2024 Direct F1, F3, F5
transaction TRST COMMON STOCK Disposed to Issuer $36,220 -988 -2% $36.66 49,294 16 Nov 2024 Direct F1, F5

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 -50% $0.000000 877 15 Nov 2024 COMMON STOCK 876 $0.000000 Direct F2, F4
transaction TRST RESTRICTED STOCK UNIT Options Exercise $0 -988 -100% $0.000000 0 16 Nov 2024 COMMON STOCK 988 $0.000000 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.