Robert J. Mccormick - Nov 19, 2024 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 19, 2024
Transactions value $
$0
Form type
4
Date filed
11/21/2024, 04:12 PM
Previous filing
Nov 19, 2024
Next filing
Nov 25, 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 +10.4K $0.00 10.4K Nov 19, 2024 COMMON STOCK 10.4K Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 12.6K Nov 19, 2024 COMMON STOCK 12.6K Direct F1, F4
holding TRST RESTRICTED STOCK UNIT 3.07K Nov 19, 2024 COMMON STOCK 3.07K Direct F2, 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 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 19, 2025. 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 21, 2023, the date of the grant.
F5 The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant.