SCOT R. SALVADOR - 19 Nov 2021 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP & CHIEF LENDING OFFICER
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
19 Nov 2021
Net transactions value
-$54,776
Form type
4
Filing time
23 Nov 2021, 14:43:17 UTC
Previous filing
19 Nov 2021
Next filing
01 Dec 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 +683 +1.6% $0.000000 42,262 19 Nov 2021 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer $22,812 -683 -1.6% $33.40 41,579 19 Nov 2021 Direct F1, F3
transaction TRST COMMON STOCK Options Exercise $0 +957 +2.3% $0.000000 42,536 19 Nov 2021 Direct F2, F4, F5
transaction TRST COMMON STOCK Disposed to Issuer $31,964 -957 -2.2% $33.40 41,579 19 Nov 2021 Direct F4, 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 -683 -50% $0.000000 682 19 Nov 2021 COMMON STOCK 683 $0.000000 Direct F2, F3
transaction TRST RESTRICTED STOCK UNIT Options Exercise $0 -957 -100% $0.000000* 0 19 Nov 2021 COMMON STOCK 957 $0.000000 Direct F2, 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 683 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 19, 2019 "vested" on November 19, 2021 and were settled in cash.
F4 Reflects cash settlement of 957 restricted stock units that settled only for cash.
F5 One third of the restricted stock units awarded November 20, 2018 "vested" on November 19, 2021 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.