Michael James Hall - Nov 19, 2024 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
GENERAL COUNSEL & SECRETARY
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, 05:05 PM
Previous filing
Nov 21, 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 +1.21K $0.00 1.21K Nov 19, 2024 COMMON STOCK 1.21K Direct F1, F2
holding TRST RESTRICTED STOCK UNIT 812 Nov 19, 2024 COMMON STOCK 812 Direct F1, F3
holding TRST RESTRICTED STOCK UNIT 192 Nov 19, 2024 COMMON STOCK 192 Direct F1, F4
holding TRST STOCK OPTIONS 225 Nov 19, 2024 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 19, 2025. 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 21, 2023, the date of the grant
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 options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.