Robert M. Leonard - Nov 23, 2022 Form 4 Insider Report for TRUSTCO BANK CORP N Y (TRST)

Role
EVP CORPORATE SERVICES & RISK
Signature
/s/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY
Stock symbol
TRST
Transactions as of
Nov 23, 2022
Transactions value $
-$79
Form type
4
Date filed
11/28/2022, 03:11 PM
Previous filing
Nov 22, 2022
Next filing
Jan 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TRST COMMON STOCK Options Exercise $56.4K +1.6K +6.1% $35.25 27.8K Nov 23, 2022 Direct
transaction TRST COMMON STOCK Options Exercise $154K +4.28K +15.38% $36.10 32.1K Nov 23, 2022 Direct
transaction TRST COMMON STOCK Options Exercise $75.2K +2.34K +7.29% $32.15 34.4K Nov 23, 2022 Direct
transaction TRST COMMON STOCK Tax liability -$286K -7.38K -21.42% $38.80 27.1K Nov 23, 2022 Direct
holding TRST COMMON STOCK 1.11K Nov 23, 2022 BY FAMILY

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 OPTION TO BUY: RT-TO-BUY Options Exercise $0 -1.6K -100% $0.00* 0 Nov 23, 2022 COMMON STOCK 1.6K $35.25 Direct F1, F2
transaction TRST OPTION TO BUY: RT-TO-BUY Options Exercise $0 -4.28K -76.4% $0.00 1.32K Nov 23, 2022 COMMON STOCK 4.28K $36.10 Direct F1, F3
transaction TRST OPTION TO BUY: RT-TO-BUY Options Exercise $0 -2.34K -41.76% $0.00 3.26K Nov 23, 2022 COMMON STOCK 2.34K $32.15 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 28, 2021, the issuer effected a 1-for-5 reverse stock split (the "Reverse Stock Split"). The number and exercise prices of the options reported on this Form 4 have been adjusted to reflect the Reverse Stock Split.
F2 Award vested in equal installments from the first through the fifth year following the award date, and was fully vested on November 19, 2018.
F3 Award vested in equal installments from the first through the fifth year following the award date, and was fully vested on November 18, 2019.
F4 Award vested in equal installments from the first through the fifth year following the award date, and was fully vested on November 17, 2020.