SCOT R. SALVADOR - 17 Nov 2021 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role: EVP & CHIEF BANKING OFFICER
Signature: /S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol: TRST
Transactions as of: 17 Nov 2021
Net transactions value: -$35,813
Form type: 4
Filing time: 19 Nov 2021, 10:55:12 UTC
Previous filing: 17 Nov 2021
Next filing: 23 Nov 2021
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	+1,058	+2.5%	$0.000000	42,637	17 Nov 2021	Direct	F1, F2, F3, F4
transaction	TRST	COMMON STOCK	Disposed to Issuer	$35,813	-1,058	-2.5%	$33.85	41,579	17 Nov 2021	Direct	F1, F3, F4

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	-1,058	-33%	$0.000000	2,117	17 Nov 2021	COMMON STOCK	1,058	$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 1,058 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 17, 2020 "vested" on November 17, 2021 and were settled in cash.
F4	On May 28, 2021 the Issuer effected a 1-for-5 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.