MCCORMICK ROBERT J 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 21, 2024
Insider Transaction Report
Form 4
MCCORMICK ROBERT J
DirectorPRESIDENT & CEO
Transactions
- Award
RESTRICTED STOCK UNIT
2024-11-19+10,448→ 10,448 total→ COMMON STOCK (10,448 underlying)
Holdings
- 3,067
RESTRICTED STOCK UNIT
→ COMMON STOCK (3,067 underlying) - 12,551
RESTRICTED STOCK UNIT
→ COMMON STOCK (12,551 underlying)
Footnotes (5)
- [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 19, 2025. 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 21, 2023, the date of the grant.
- [F5]The restricted stock units "vest" in equal installments on each of the first three anniversaries of November 15, 2022, the date of the grant.