TRST director granted 510 cash-settled restricted stock units

TrustCo Bank Corp NY (TRST) reported a new equity-based award for one of its directors.

Rhea-AI Filing Summary

TrustCo Bank Corp NY (TRST) reported a new equity-based award for one of its directors. On 11/18/2025, the director received 510 restricted stock units recorded as a derivative security. These units do not deliver actual shares; instead, each unit represents a right to receive a cash payment equal to the fair market value of one share of common stock on the vesting date.

The 510 restricted stock units vest in full on November 18, 2026, at which time the value will be settled entirely in cash. This filing reflects routine director compensation using cash-settled stock units rather than a change in the company’s overall capital structure.

Insider Trade Summary

Grant/Award: 510 shares

Grant/Award 1 txn

Insider LUCARELLI LISA M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	RESTRICTED STOCK UNIT	510	$0.00	$0.00

Holdings After Transaction: RESTRICTED STOCK UNIT — 510 contracts (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of a share of issued common stock, as determined on the date of vesting of the restricted stock unit.
2. F2. The restricted stock units "vest" in whole on November 18, 2026. Settlement of the restricted stock units will be made in cash only.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did TRST disclose in this Form 4 filing?

The filing reports that a director of TrustCo Bank Corp NY (TRST) received 510 restricted stock units as of 11/18/2025, recorded as a derivative security grant.

How do the TRST restricted stock units work in this filing?

Each restricted stock unit gives the director a contingent right to receive a cash payment equal to the fair market value of one share of TRST common stock on the vesting date.

When do the 510 TRST restricted stock units vest?

The 510 restricted stock units granted to the TRST director vest in whole on November 18, 2026, according to the disclosure.

Will the TRST director receive shares or cash from these restricted stock units?

The filing states that settlement of the restricted stock units will be made in cash only, based on the fair market value of TRST common stock at vesting, rather than delivering actual shares.

Does this TRST Form 4 indicate a change in ownership form?

The derivative security section shows 510 restricted stock units beneficially owned in direct form (D) by the reporting director after the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/20/2025 - 03:14 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

LUCARELLI LISA M

(Last) (First) (Middle)

C/O TRUSTCO BANK CORP NY

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

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

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	(1)	11/18/2025		A		510		(2)	(2)	COMMON STOCK	510	$0	510	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive a payment in cash equal to the fair market value of a share of issued common stock, as determined on the date of vesting of the restricted stock unit.

2. The restricted stock units "vest" in whole on November 18, 2026. Settlement of the restricted stock units will be made in cash only.

	/S/ MICHAEL M. OZIMEK, BY POWER OF ATTORNEY	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.