POWERS WILLIAM D 4
4 · TRUSTCO BANK CORP N Y · Filed Nov 21, 2019
Insider Transaction Report
Form 4
POWERS WILLIAM D
Director
Transactions
- Exercise/Conversion
COMMON STOCK
2019-11-20+670→ 23,070 total - Exercise/Conversion
RESTRICTED STOCK UNIT
2019-11-20−670→ 1,330 totalExercise: $0.00→ COMMON STOCK (670 underlying) - Disposition to Issuer
COMMON STOCK
2019-11-20$8.75/sh−670$5,863→ 22,400 total
Footnotes (3)
- [F1]Reflects cash settlement of 670 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 20, 2018 "vested" on November 20, 2019 and were settled in cash.