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TrustCo Bank (TRST) CFO Files Form 4 for 877-Share Transaction

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TrustCo Bank Corp NY executive Michael Ozimek, Executive Vice President & CFO, reported Form 4 insider transactions in company stock. On 11/15/2025, he acquired 877 shares of common stock through the exercise and cash settlement of restricted stock units at a stated price of $0, then disposed of 877 shares at $40.10 per share. After these transactions, he beneficially owned 28,725 shares of TrustCo common stock. The filing also shows remaining restricted stock units covering 2,215 and 2,750 shares that vest in three equal annual installments beginning on November 21, 2024 and November 19, 2025, respectively. The remarks note additional shares have been acquired over time through dividend reinvestment and an employee benefit plan with a dividend reinvestment feature.

Positive

  • None.

Negative

  • None.
Insider OZIMEK MICHAEL M
Role EXECUTIVE VICE PRESIDENT & CFO
Type Security Shares Price Value
Exercise RESTRICTED STOCK UNIT 877 $0.00 --
Exercise COMMON STOCK 877 $0.00 --
Disposition COMMON STOCK 877 $40.10 $35K
holding RESTRICTED STOCK UNIT -- -- --
holding RESTRICTED STOCK UNIT -- -- --
Holdings After Transaction: RESTRICTED STOCK UNIT — 0 shares (Direct); COMMON STOCK — 29,602 shares (Direct)
Footnotes (1)
  1. Reflects cash settlement of restricted stock units that settled only for cash. Each restricted stock unit represents a contingent right to receive a payment in cash equal to the value of one share of Issue Common Stock on the settlement date. One third of the restricted stock units awarded November 15, 2022 "vested" on November15, 2025 and were settled in cash. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting. The RSU's vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant. The RSU's vest in three equal annual installments beginning on November 19, 2025, the first anniversary of the date of the grant.
Form 4 Insider Transactions: What Each Field Means →
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*
OZIMEK MICHAEL 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
EXECUTIVE VICE PRESIDENT & CFO
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 877 A(1)(3) $0(2) 29,602 D
COMMON STOCK 11/15/2025 D 877 D(1)(3) $40.1 28,725 D
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 877 (3) (3) COMMON STOCK 877 $0 0 D
RESTRICTED STOCK UNIT (4) (5) (5) COMMON STOCK 2,215 2,215 D
RESTRICTED STOCK UNIT (4) (6) (6) COMMON STOCK 2,750 2,750 D
Explanation of Responses:
1. Reflects cash settlement 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 Issue Common Stock on the settlement date.
3. One third of the restricted stock units awarded November 15, 2022 "vested" on November15, 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 SHARES ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.
OZIMEK MICHAEL 11/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TRST CFO Michael Ozimek report on this Form 4?

Executive Vice President & CFO Michael Ozimek reported transactions in TrustCo Bank Corp NY (TRST) stock dated 11/15/2025. He acquired 877 shares of common stock via a transaction coded "M" and disposed of 877 shares in a separate transaction coded "D".

At what price did TRST shares trade in Michael Ozimek’s reported sale?

In the reported disposition, 877 shares of TrustCo common stock were sold at a price of $40.10 per share, as shown in Table I under the transaction coded "D".

How many TRST shares does Michael Ozimek own after the reported transactions?

Following the reported 11/15/2025 transactions, Michael Ozimek beneficially owned 28,725 shares of TrustCo Bank Corp NY common stock, held in direct ownership form.

What restricted stock units (RSUs) for TRST does Michael Ozimek still hold?

Table II shows that after the cash-settled RSUs used in the 877-share transaction, restricted stock units remain outstanding covering 2,215 shares and 2,750 shares of TrustCo common stock.

When do Michael Ozimek’s remaining TRST RSUs vest?

The filing states that RSUs covering 2,215 shares vest in three equal annual installments beginning on November 21, 2024, and RSUs covering 2,750 shares vest in three equal annual installments beginning on November 19, 2025, each on the first anniversary of its grant date.

How were the 877 TRST restricted stock units settled for Michael Ozimek?

The explanation notes that 877 restricted stock units awarded on November 15, 2022 vested on November 15, 2025 and were settled only for cash, with each unit representing a right to a cash payment equal to the value of one share of TrustCo common stock on the settlement date.

What does the remarks section say about additional TRST shares for Michael Ozimek?

The remarks section explains that additional shares have been acquired through the reporting person’s participation in a dividend reinvestment and/or employee benefit plan with a dividend reinvestment feature.