Robert J. Mccormick - Mar 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
Mar 21, 2023
Transactions value $
$0
Form type
4
Date filed
3/23/2023, 05:02 PM
Previous filing
Feb 3, 2023
Next filing
May 17, 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 +1.58K +20.68% $0.00 9.2K Mar 21, 2023 COMMON STOCK 1.58K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a supplemental grant of RSUs to the reporting person on March 21, 2023 following the Issuer's discovery that the reporting person received a grant of RSUs in a less-than-intended amount on November 15, 2022. Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of a share of issued common stock, as determined on the date of vesting of the restricted stock unit.
F2 The restricted stock units "vest" in whole units in equal installments on November 15, 2023, 2024 and 2025. Settlement of the restricted stock units will be made in cash only.