TrustCo Bank (TRST) insider updates holdings after RSU activity

Rhea-AI Filing Summary

TrustCo Bank Corp N Y (TRST) executive vice president and chief operating officer reported transactions involving restricted stock units and common stock. On November 15, 2025, 1,226 restricted stock units granted on November 15, 2022 vested and were settled based on the value of one share of common stock, with a matching 1,226-share disposition recorded at $40.10 per share. After these movements, the reporting person directly held 34,057 shares of common stock and indirectly held 1,270 shares through a family account. The report also shows continuing holdings of derivative awards, including 3,199 restricted stock units vesting in equal annual installments beginning November 21, 2024 and 3,850 restricted stock units vesting in equal annual installments beginning November 19, 2025, along with additional shares acquired through dividend reinvestment and employee benefit plans.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LEONARD ROBERT M

(Last) (First) (Middle)

5 SARNOWSKI DRIVE

(Street)

GLENVILLE NY 12302

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRUSTCO BANK CORP N Y [ TRST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHIEF OPERATING OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	11/15/2025		M		1,226	A(1)(3)	$0(2)	35,283	D
COMMON STOCK	11/15/2025		D		1,226	D(1)(3)	$40.1	34,057	D
COMMON STOCK								1,270	I	BY FAMILY

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
RESTRICTED STOCK UNIT	$0(2)	11/15/2025		M			1,226	(3)	(3)	COMMON STOCK	1,226	$0	0	D
RESTRICTE STOCK UNIT	(4)							(5)	(5)	COMMON STOCK	3,199		3,199	D
RESTRICTED STOCK UNIT	(4)							(6)	(6)	COMMON STOCK	3,850		3,850	D

Explanation of Responses:

1. Reflects cash settlements of restricted stock units that settled only for cash.

2. 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 settlement date.

3. One third of the restricted stock units awarded November 15, 2022 "vested" on November 15, 2025 and were settled in cash.

4. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

5. The RSU's vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant.

6. The RSU's vest in three equal annual installments beginning on November 19, 2025, the first anniversary of the date of the grant.

Remarks:

ADDITIONAL SHARE ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.

	/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY	11/18/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did TRST's EVP & COO report on this Form 4?

The executive vice president and chief operating officer of TrustCo Bank Corp N Y (TRST) reported the vesting and cash-based settlement of 1,226 restricted stock units on November 15, 2025, along with a corresponding disposition of 1,226 shares of common stock at $40.10 per share.

How many TRST common shares does the reporting person own after the transactions?

Following the reported transactions, the insider held 34,057 shares of TRST common stock directly and 1,270 shares indirectly through a family account.

What restricted stock unit (RSU) awards are still outstanding for the TRST insider?

The insider reported 3,199 restricted stock units that vest in three equal annual installments beginning on November 21, 2024, and 3,850 restricted stock units that vest in three equal annual installments beginning on November 19, 2025.

How are the TRST restricted stock units described in this filing settled?

The filing states that certain restricted stock units represent a contingent right to receive a cash payment equal to the value of one share of TRST common stock on the settlement date, while other RSUs represent a contingent right to receive one share of common stock upon vesting.

What was the transaction code used for the TRST insider’s November 15, 2025 activity?

The vesting and related movement of 1,226 restricted stock units on November 15, 2025 were reported with transaction code M for the derivative settlement and code D for the disposition of the related common stock.

Did the TRST insider acquire any additional shares through plans or reinvestment?

Yes. The remarks note that additional shares were acquired through the reporting person’s participation in a dividend reinvestment and/or employee benefit plan with a dividend reinvestment feature.