Robert J. Mccormick - Nov 21, 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
CHAIRMAN, PRESIDENT & CEO, Director
Signature
/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol
TRST
Transactions as of
Nov 21, 2023
Transactions value $
$0
Form type
4
Date filed
11/22/2023, 03:48 PM
Previous filing
Nov 20, 2023

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 Award $0 +12.6K $0.00 12.6K Nov 21, 2023 COMMON STOCK 12.6K Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 6.13K Nov 21, 2023 COMMON STOCK 6.13K Direct F2, F4
holding TRST RESTRICTED STOCK UNIT 3.46K Nov 21, 2023 COMMON STOCK 3.46K Direct F2, F5
holding TRST STOCK OPTIONS 2K Nov 21, 2023 COMMON STOCK 2K $36.10 Direct F6
holding TRST STOCK OPTIONS 8K Nov 21, 2023 COMMON STOCK 8K $36.10 Direct F7
holding TRST STOCK OPTIONS 2.87K Nov 21, 2023 COMMON STOCK 2.87K $32.15 Direct F8
holding TRST STOCK OPTIONS 7.14K Nov 21, 2023 COMMON STOCK 7.14K $32.15 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F2 Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of issued common stock, as determined on the date of vesting of the restricted stock unit.
F3 The restricted stock units vest in three equal annual installments beginning on November 21, 2024. Settlement of the restricted stock units will be made in shares of common stock.
F4 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant.
F5 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 16, 2021, the date of the grant.
F6 The options, which were granted to the reporting person on November 18, 2014, vested in five equal annual installments beginning on November 18, 2015.
F7 A second grant of stock options was granted to the reporting person on November 18, 2014, vested in five equal annual installments beginning on November 18, 2015.
F8 The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.
F9 A second grant of stock options was granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.