Scot R. Salvador - Nov 16, 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP & EVP COMMERICAL BANKING
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol
TRST
Transactions as of
Nov 16, 2023
Transactions value $
-$56,877
Form type
4
Date filed
11/20/2023, 05:05 PM
Previous filing
Nov 16, 2023
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $0 +987 +2.02% $0.00 50K Nov 16, 2023 Direct F1, F2, F4
transaction TRST COMMON STOCK Disposed to Issuer -$27.5K -987 -1.98% $27.82 49K Nov 16, 2023 Direct F1, F4
transaction TRST COMMON STOCK Options Exercise $0 +1.06K +2.16% $0.00 50K Nov 17, 2023 Direct F1, F3, F5
transaction TRST COMMON STOCK Disposed to Issuer -$29.4K -1.06K -2.12% $27.78 49K Nov 17, 2023 Direct F1, 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 -987 -49.97% $0.00 988 Nov 16, 2023 COMMON STOCK 987 $0.00 Direct F2, F4
transaction TRST RESTRICTED STOCK UNIT Options Exercise $0 -1.06K -100% $0.00* 0 Nov 17, 2023 COMMON STOCK 1.06K $0.00 Direct F3, 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 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. The restricted stock units vest in three equal annual installments beginning on November 16, 2022.
F3 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. The restricted stock units vest in three equal annual installments beginning on November 17, 2021.
F4 One third of the restricted stock units awarded November 16, 2021 "vested" on November 16, 2023 and were settled in cash.
F5 One third of the restricted stock units awarded November 17, 2020 "vested" on November 17, 2023 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.