ROBERT J. MCCORMICK - 21 Nov 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
Issuer symbol
TRST
Transactions as of
21 Nov 2023
Net transactions value
$0
Form type
4
Filing time
22 Nov 2023, 15:48:50 UTC
Previous filing
20 Nov 2023
Next filing
08 Nov 2024
SEC
View on sec.gov

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 +12,551 $0.000000 12,551 21 Nov 2023 COMMON STOCK 12,551 Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 6,134 21 Nov 2023 COMMON STOCK 6,134 Direct F2, F4
holding TRST RESTRICTED STOCK UNIT 3,456 21 Nov 2023 COMMON STOCK 3,456 Direct F2, F5
holding TRST STOCK OPTIONS 2,000 21 Nov 2023 COMMON STOCK 2,000 $36.10 Direct F6
holding TRST STOCK OPTIONS 8,000 21 Nov 2023 COMMON STOCK 8,000 $36.10 Direct F7
holding TRST STOCK OPTIONS 2,865 21 Nov 2023 COMMON STOCK 2,865 $32.15 Direct F8
holding TRST STOCK OPTIONS 7,136 21 Nov 2023 COMMON STOCK 7,136 $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.