SCHRECK ERIC W 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 25, 2024
Insider Transaction Report
Form 4
SCHRECK ERIC W
Treasurer
Transactions
- Exercise/Conversion
COMMON STOCK
2024-11-21+1,107→ 28,630 total - Tax Payment
COMMON STOCK
2024-11-21$36.77/sh−395$14,524→ 28,235 total - Exercise/Conversion
RESTRICTED STOCK UNIT
2024-11-21−1,107→ 2,215 totalExercise: $0.00→ COMMON STOCK (1,107 underlying)
Holdings
- 212(indirect: By Spouse)
COMMON STOCK
- 877
RESTRICTED STOCK UNIT
Exercise: $0.00→ COMMON STOCK (877 underlying)
Footnotes (6)
- [F1]Represents the vesting and settlement of restricted stock units ("RSUs"), which convert into common stock of the Issuer on a one-for-one basis.
- [F2]In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's common stock were withheld by the Issuer for the payment of withholding taxes due upon the vesting of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F4]The RSUs vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant.
- [F5]The RSUs "vest" in three equal annual installments beginning on November 15, 2023, the first anniversary of the date of the grant.
- [F6]Each restricted stock unit represents a contingent right to receive a payment in cash to the fair market value of issued common stock, as determined on the date of the vesting of the restricted stock unit.