Michael James Hall - Nov 21, 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 21, 2024
Transactions value $
-$9,965
Form type
4
Date filed
11/25/2024, 07:22 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 +271 +2.74% $0.00 10.2K Nov 21, 2024 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer -$9.96K -271 -2.67% $36.77 9.89K Nov 21, 2024 Direct F1, F3

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 +271 +100.37% $0.00 541 Nov 21, 2024 COMMON STOCK 271 Direct F2, F3
holding TRST RESTRICTED STOCK UNIT 1.21K Nov 21, 2024 COMMON STOCK 1.21K Direct F4, F7
holding TRST RESTRICTED STOCK UNIT 192 Nov 21, 2024 COMMON STOCK 192 Direct F5, F7
holding TRST STOCK OPTIONS 225 Nov 21, 2024 COMMON STOCK 225 $32.15 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects cash settlement of restricted stock units that settled only for cash.
F2 Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issuer Common Stock on the settlement date. The restricted stock units vest in three equal annual installments beginning on November 21, 2024.
F3 One third of the restricted stock units awarded November 21, 2023 "vested" on November 21, 2024 and were settled in cash.
F4 The restricted stock units vest in three equal annual installments beginning on November 19, 2025. Settlement of the restricted stock units will be settled in cash.
F5 The restricted stock units vest in three equal annual installments beginning on November 15, 2023. Settlement of the restricted stock units will be settled in cash.
F6 The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.
F7 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.

Remarks:

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