Scot R. Salvador - Nov 16, 2022 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role: EVP COMMERCIAL BANKING
Signature: /S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol: TRST
Transactions as of: Nov 16, 2022
Transactions value $: -$37,861
Form type: 4
Date filed: 11/18/2022, 02:41 PM
Previous filing: Nov 17, 2022
Next filing: Nov 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TRST	COMMON STOCK	Options Exercise	$0	+987	+2.2%	$0.00	45.8K	Nov 16, 2022	Direct	F1, F2, F3
transaction	TRST	COMMON STOCK	Disposed to Issuer	-$37.9K	-987	-2.15%	$38.36	44.8K	Nov 16, 2022	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	-987	-33.32%	$0.00	1.98K	Nov 16, 2022	COMMON STOCK	987	$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 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 16, 2021 "vested" on November 16, 2022 and were settled in cash.

Remarks:

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