Robert J. Mccormick - Nov 21, 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 21, 2024
Transactions value $
-$77,842
Form type
4
Date filed
11/25/2024, 06:13 PM
Previous filing
Nov 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $0 +4.18K +1.48% $0.00 287K Nov 21, 2024 Direct F1
transaction TRST COMMON STOCK Tax liability -$77.8K -2.12K -0.74% $36.77 285K Nov 21, 2024 Direct F2
holding TRST COMMON STOCK 89.1K Nov 21, 2024 BY FAMILY

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 Options Exercise $0 -4.18K -33.34% $0.00 8.37K Nov 21, 2024 COMMON STOCK 4.18K Direct F1, F3, F4
holding TRST RESTRICTED STOCK UNIT 10.4K Nov 21, 2024 COMMON STOCK 10.4K Direct F3, F5
holding TRST RESTRICTED STOCK UNIT 3.07K Nov 21, 2024 COMMON STOCK 3.07K Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting and settlement of restricted stock units ("RSUs"), which convert into common stock of the Issuer on a one-for-one basis.
F2 In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's common stock were withheld by the Issuer for the payment of withholding taxes due upon the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F4 The RSUs vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant.
F5 The RSUs vest in three equal annual installments beginning on November 19, 2025, the first anniversary of the date of the grant.
F6 The RSUs "vest" in three equal annual installments beginning on November 15, 2023, the first anniversary of the date of the grant.
F7 Each restricted stock unit represents a contingent right to receive a payment in cash to the fair market value of issued common stock, as determined on the date of the vesting of the restricted stock unit.

Remarks:

ADDITIONAL SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.