MICHAEL JAMES HALL - 17 Nov 2021 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
GENERAL COUNSEL & SECRETARY
Signature
/s/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Issuer symbol
TRST
Transactions as of
17 Nov 2021
Net transactions value
-$1,449
Form type
4
Filing time
19 Nov 2021, 11:20:09 UTC
Previous filing
25 May 2021
Next filing
23 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $0 +233 +10% $0.000000 2,563 17 Nov 2021 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer $1,449 -233 -9.1% $6.22* 2,330 17 Nov 2021 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 -233 -33% $0.000000 466 17 Nov 2021 COMMON STOCK 233 $0.000000 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 233 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.

Remarks:

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