Robert J. Mccormick - Nov 15, 2022 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 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 10:22 AM
Previous filing
Jul 29, 2022
Next filing
Nov 18, 2022

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 Award $0 +7.62K $0.00 7.62K Nov 15, 2022 COMMON STOCK 7.62K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of a share of issued common stock, as determined on the date of vesting of the restricted stock unit.
F2 The restricted stock units "vest" in whole units in equal installments from the first through third year following the award date, beginning November 15, 2023. Settlement of the restricted stock units will be made in cash only.