SCOT R. SALVADOR - 17 Nov 2022 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 2022
Net transactions value: -$40,807
Form type: 4
Filing time: 21 Nov 2022, 14:26:43 UTC
Previous filing: 18 Nov 2022
Next filing: 22 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	+1,058	+2.4%	$0.000000	45,906	17 Nov 2022	Direct	F1, F2, F3
transaction	TRST	COMMON STOCK	Disposed to Issuer	$40,807	-1,058	-2.3%	$38.57	44,848	17 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	-1,058	-50%	$0.000000	1,059	17 Nov 2022	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, 2022 and were settled in cash.