SCOT R. SALVADOR - 16 Nov 2022 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP COMMERCIAL BANKING
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
16 Nov 2022
Net transactions value
-$37,861
Form type
4
Filing time
18 Nov 2022, 14:41:59 UTC
Previous filing
17 Nov 2022
Next filing
21 Nov 2022
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 +987 +2.2% $0.000000 45,835 16 Nov 2022 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer $37,861 -987 -2.2% $38.36 44,848 16 Nov 2022 Direct F1, F3

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 -987 -33% $0.000000 1,975 16 Nov 2022 COMMON STOCK 987 $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 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 16, 2021 "vested" on November 16, 2022 and were settled in cash.

Remarks:

ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH REINVESTMENT FEATURE.