MICHAEL JAMES HALL - 21 Nov 2023 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
GENERAL COUNSEL & SECRETARY
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, 15:57:02 UTC
Previous filing
20 Nov 2023
Next filing
06 Feb 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 +812 $0.000000 812 21 Nov 2023 COMMON STOCK 812 Direct F1, F2
holding TRST RESTRICTED STOCK UNIT 385 21 Nov 2023 COMMON STOCK 385 Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 218 21 Nov 2023 COMMON STOCK 218 Direct F1, F4
holding TRST STOCK OPTIONS 225 21 Nov 2023 COMMON STOCK 225 $32.15 Direct F5
* 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 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.
F2 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 cash only.
F3 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant
F4 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 16, 2021, the date of the grant.
F5 The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.