TrustCo Bank (TRST) director reports 550 RSU cash settlement

TrustCo Bank Corp NY (TRST) reported a Form 4 for a director showing the vesting and cash settlement of restricted stock units.

Rhea-AI Filing Summary

TrustCo Bank Corp NY (TRST) reported a Form 4 for a director showing the vesting and cash settlement of restricted stock units. On November 19, 2025, 550 restricted stock units that had been awarded on November 19, 2024 vested and were settled in cash, with each unit tied to the value of one share of common stock on the settlement date.

The Form 4 records a corresponding movement of 550 shares of common stock at a price of $39.70, leaving the director with 2,145 shares beneficially owned directly after the transactions. The filing also notes that additional shares have been acquired over time through dividend reinvestment and an employee benefit plan with a dividend reinvestment feature.

Insider Trade Summary

550 shares exercised/converted

Exercise 3 txns

Insider Powell Curtis N

Role Director

Type	Security	Shares	Price	Value
Exercise	RESTRICTED STOCK UNIT	550	$0.00	$0.00
Exercise	COMMON STOCK	550	$0.00	$0.00
Disposition	COMMON STOCK	550	$39.70	$22K

Holdings After Transaction: RESTRICTED STOCK UNIT — 0 contracts (Direct); COMMON STOCK — 2,145 shares (Direct)

Footnotes (3)

1. F1. Reflects cash settlement of restricted stock units that settled only for cash.
2. 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.
3. F3. The restricted stock units awarded November 19, 2024 "vested" on November 19, 2025 and were settled in cash.

FAQ

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

What insider transaction did TRUSTCO BANK CORP N Y (TRST) disclose on this Form 4?

The Form 4 discloses that a director had 550 restricted stock units vest and settle in cash on November 19, 2025, tied to the value of TrustCo common stock.

How many TrustCo (TRST) shares does the reporting person own after the transaction?

After the reported transactions, the director beneficially owns 2,145 shares of TrustCo common stock in direct ownership.

What was the value used for the TrustCo (TRST) restricted stock unit settlement?

The Form 4 shows a disposition entry for 550 shares of common stock at a price of $39.70 per share, reflecting the cash value used in the restricted stock unit settlement.

Were the TrustCo (TRST) restricted stock units settled in shares or cash?

The restricted stock units were settled only for cash, with each unit representing a right to receive cash equal to the value of one share of TrustCo common stock on the settlement date.

What is the relationship of the reporting person to TRUSTCO BANK CORP N Y (TRST)?

The reporting person is identified as a director of TRUSTCO BANK CORP N Y.

Does the TrustCo (TRST) Form 4 mention dividend reinvestment?

Yes. The remarks state 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.

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

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Accepted by SEC EDGAR 11/21/2025 - 03:12 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^*

Powell Curtis N

(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)
11/19/2025

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	11/19/2025		M		550	A(1)(3)	$0(2)	2,695	D
COMMON STOCK	11/19/2025		D		550	D(1)(3)	$39.7	2,145	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)	11/19/2025		M			550	(3)	(3)	COMMON STOCK	550	$0	0	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 Issuer Common Stock on the settlement date.

3. The restricted stock units awarded November 19, 2024 "vested" on November 19, 2025 and were settled in cash.

Remarks:

ADDITIONAL SHARES 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	11/21/2025
	** 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.