SALVADOR SCOT R 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 16, 2023
Insider Transaction Report
Form 4
SALVADOR SCOT R
EVP & CHIEF BANKING OFFICER
Transactions
- Disposition to Issuer
COMMON STOCK
2023-11-15$28.40/sh−876$24,878→ 48,982 total - Exercise/Conversion
RESTRICTED STOCK UNIT
2023-11-15−876→ 1,753 totalExercise: $0.00→ COMMON STOCK (876 underlying) - Exercise/Conversion
COMMON STOCK
2023-11-15+876→ 49,858 total
Footnotes (3)
- [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 15, 2022 "vested" on November 15, 2023 and were settled in cash.