Eric W. Schreck - Nov 21, 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP & TREASURER
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, 03:52 PM
Previous filing
Nov 20, 2023
Next filing
Feb 5, 2024

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 +3.32K $0.00 3.32K Nov 21, 2023 COMMON STOCK 3.32K Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 1.75K Nov 21, 2023 COMMON STOCK 1.75K Direct F2, F4
holding TRST RESTRICTED STOCK UNIT 988 Nov 21, 2023 COMMON STOCK 988 Direct F2, F5
holding TRST STOCK OPTIONS 290 Nov 21, 2023 COMMON STOCK 290 $36.10 Direct F6
holding TRST STOCK OPTIONS 290 Nov 21, 2023 COMMON STOCK 290 $32.15 Direct F7
* 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 The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.