Thomas O. Maggs - Nov 17, 2021 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
Director
Signature
/s/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol
TRST
Transactions as of
Nov 17, 2021
Transactions value $
-$21,495
Form type
4
Date filed
11/19/2021, 11:18 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 +635 +4.35% $0.00 15.2K Nov 17, 2021 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer -$21.5K -635 -4.17% $33.85 14.6K Nov 17, 2021 Direct F1, F3
holding TRST COMMON STOCK 56 Nov 17, 2021 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 -635 -100% $0.00* 0 Nov 17, 2021 COMMON STOCK 635 $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 635 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 The restricted stock units "vested" in whole November 17, 2021 and were settled in cash.

Remarks:

Additional shares acquired by reporting person's participation in dividend reinvestment and/or employee benefit plan with dividend reinvestment feature.