Scot R. Salvador - Nov 17, 2022 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, 2022
Transactions value $
-$40,807
Form type
4
Date filed
11/21/2022, 02:26 PM
Previous filing
Nov 18, 2022
Next filing
Nov 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $0 +1.06K +2.36% $0.00 45.9K Nov 17, 2022 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer -$40.8K -1.06K -2.3% $38.57 44.8K Nov 17, 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 -1.06K -49.98% $0.00 1.06K Nov 17, 2022 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, 2022 and were settled in cash.