SCHRECK ERIC W 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 22, 2023
Insider Transaction Report
Form 4
SCHRECK ERIC W
Treasurer
Transactions
- Award
RESTRICTED STOCK UNIT
2023-11-21+3,322→ 3,322 total→ COMMON STOCK (3,322 underlying)
Holdings
- 1,753
RESTRICTED STOCK UNIT
→ COMMON STOCK (1,753 underlying) - 988
RESTRICTED STOCK UNIT
→ COMMON STOCK (988 underlying) - 290
STOCK OPTIONS
Exercise: $32.15Exp: 2025-11-17→ COMMON STOCK (290 underlying) - 290
STOCK OPTIONS
Exercise: $36.10Exp: 2024-11-18→ COMMON STOCK (290 underlying)
Footnotes (7)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F2]Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of issued common stock, as determined on the date of vesting of the restricted stock unit.
- [F3]The restricted stock units vest in three equal annual installments beginning on November 21, 2024. Settlement of the restricted stock units will be made in shares of common stock.
- [F4]The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant
- [F5]The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 16, 2021, the date of the grant.
- [F6]The options, which were granted to the reporting person on November 18, 2014, vested in five equal annual installments beginning on November 18, 2015.
- [F7]The options, which were granted to the reporting person on November 17, 2015, vested in five equal annual installments beginning on November 17, 2016.