MICHAEL M. OZIMEK - 18 Nov 2022 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EXECUTIVE VICE PRESIDENT & CFO
Signature
/S/ MICHAEL M. OZIMEK
Issuer symbol
TRST
Transactions as of
18 Nov 2022
Net transactions value
+$26,476
Form type
4
Filing time
22 Nov 2022, 15:10:33 UTC
Previous filing
21 Nov 2022
Next filing
28 Nov 2022
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 +682 +10% $0.000000 7,223 18 Nov 2022 Direct F1, F2, F3
transaction TRST COMMON STOCK Disposed to Issuer $26,346 -682 -9.4% $38.63 6,541 18 Nov 2022 Direct F1, F3
transaction TRST COMMON STOCK Options Exercise $6,204 +240 +3.7% $25.85 6,781 18 Nov 2022 Direct
transaction TRST COMMON STOCK Options Exercise $46,618 +1,450 +21% $32.15 8,231 18 Nov 2022 Direct

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 -682 -100% $0.000000* 0 18 Nov 2022 COMMON STOCK 682 $0.000000 Direct F2, F3
transaction TRST OPTION: RT-TO BUY Options Exercise $0 -240 -100% $0.000000* 0 18 Nov 2022 COMMON STOCK 240 $25.85 Direct F4
transaction TRST OPTION: RT-TO BUY Options Exercise $0 -1,450 -100% $0.000000* 0 18 Nov 2022 COMMON STOCK 1,450 $32.15 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects cash settlement of 682 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 19, 2019 "vested" on November 19, 2022 and were settled in cash.
F4 Award vested in equal installments from the first through the fifth year following the award date, and was fully vested November 20, 2017.
F5 Award vested in equal installments from the first through the fifth year following the award date, and was fully vested November 17, 2020.

Remarks:

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