Scot R. Salvador - Nov 17, 2021 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role: EVP & CHIEF BANKING OFFICER
Signature: /S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol: TRST
Transactions as of: Nov 17, 2021
Transactions value $: -$35,813
Form type: 4
Date filed: 11/19/2021, 10:55 AM
Previous filing: Nov 17, 2021
Next filing: Nov 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRST	COMMON STOCK	Options Exercise	$0	+1.06K	+2.54%	$0.00	42.6K	Nov 17, 2021	Direct	F1, F2, F3, F4
transaction	TRST	COMMON STOCK	Disposed to Issuer	-$35.8K	-1.06K	-2.48%	$33.85	41.6K	Nov 17, 2021	Direct	F1, F3, F4

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	-1.06K	-33.32%	$0.00	2.12K	Nov 17, 2021	COMMON STOCK	1.06K	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects cash settlement of 1,058 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.
F3	One third of the restricted stock units awarded November 17, 2020 "vested" on November 17, 2021 and were settled in cash.
F4	On May 28, 2021 the Issuer effected a 1-for-5 reverse stock split (the "Reverse Stock Split"). The number of securities reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.