Michael M. Ozimek - Nov 18, 2022 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role: EXECUTIVE VICE PRESIDENT & CFO
Signature: /S/ MICHAEL M. OZIMEK
Stock symbol: TRST
Transactions as of: Nov 18, 2022
Transactions value $: $26,476
Form type: 4
Date filed: 11/22/2022, 03:10 PM
Previous filing: Nov 21, 2022
Next filing: Nov 28, 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	+682	+10.43%	$0.00	7.22K	Nov 18, 2022	Direct	F1, F2, F3
transaction	TRST	COMMON STOCK	Disposed to Issuer	-$26.3K	-682	-9.44%	$38.63	6.54K	Nov 18, 2022	Direct	F1, F3
transaction	TRST	COMMON STOCK	Options Exercise	$6.2K	+240	+3.67%	$25.85	6.78K	Nov 18, 2022	Direct
transaction	TRST	COMMON STOCK	Options Exercise	$46.6K	+1.45K	+21.38%	$32.15	8.23K	Nov 18, 2022	Direct

Showing 1 to 4 of 4 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TRST	RESTRICTED STOCK UNIT	Options Exercise	$0	-682	-100%	$0.00^*	Nov 18, 2022	COMMON STOCK	682	$0.00	Direct	F2, F3
transaction	TRST	OPTION: RT-TO BUY	Options Exercise	$0	-240	-100%	$0.00^*	Nov 18, 2022	COMMON STOCK	240	$25.85	Direct	F4
transaction	TRST	OPTION: RT-TO BUY	Options Exercise	$0	-1.45K	-100%	$0.00^*	Nov 18, 2022	COMMON STOCK	1.45K	$32.15	Direct	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 682 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, 2022 and were settled in cash.
F4	Award vested in equal installments from the first through the fifth year following the award date, and was fully vested November 20, 2017.
F5	Award vested in equal installments from the first through the fifth year following the award date, and was fully vested November 17, 2020.

Remarks:

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