TrustCo Bank (TRST) GC reports RSU cash settlement and share sale

Rhea-AI Filing Summary

TrustCo Bank Corp NY (TRST) reported an insider equity transaction by its General Counsel & Secretary. On November 15, 2025, 192 restricted stock units were exercised and settled in cash, corresponding to 192 shares of common stock. The common shares were then disposed of in a transaction at $40.10 per share, leaving the officer with 10,372 shares of common stock held directly after the transaction. The filing also notes remaining restricted stock units covering 1,210 and 541 shares of common stock that vest in future years and will be settled in cash. The remarks state that additional shares have been acquired through a dividend reinvestment and/or employee benefit plan with a dividend reinvestment feature.

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^*

HALL MICHAEL JAMES

(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)
	GENERAL COUNSEL & SECRETARY

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		192	A(1)(3)	$0(2)	10,564	D
COMMON STOCK	11/15/2025		D		192	D(1)(3)	$40.1	10,372	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	(2)	11/15/2025		M		192		(3)	(3)	COMMON STOCK	192	$0	0	D
RESTRICTED STOCK UNIT	(6)							(4)	(4)	COMMON STOCK	1,210		1,210	D
RESTRICTED STOCK UNIT	(6)							(5)	(5)	COMMON STOCK	541		541	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. The restricted stock units vest in three equal annual installments beginning on November 15, 2023.

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

4. The restricted stock units vest in three equal annual installments beginning on November 19, 2025. Settlement of the restricted stock units will be settled in cash.

5. The restricted stock units vest in three equal annual installments beginning on November 21, 2024. Settlement of the restricted stock units will be settled in cash.

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

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	11/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

The General Counsel & Secretary exercised 192 restricted stock units that settled in cash and disposed of 192 shares of TRST common stock on November 15, 2025. After the transaction, the officer directly owned 10,372 common shares.

At what price were the TRUSTCO BANK CORP N Y (TRST) shares sold in the reported transaction?

The filing shows a disposition of 192 shares of TRST common stock at a price of $40.10 per share on November 15, 2025.

How many TRUSTCO BANK CORP N Y (TRST) shares does the reporting person own after this Form 4 transaction?

Following the reported trades, the officer beneficially owned 10,372 shares of TRST common stock in direct ownership form.

What restricted stock units (RSUs) are disclosed for TRUSTCO BANK CORP N Y (TRST)?

The report lists RSUs that were settled in cash for 192 shares, and additional RSUs tied to 1,210 and 541 shares of TRST common stock. These RSUs vest in three equal annual installments beginning on November 19, 2025 and November 21, 2024, respectively, and will be settled in cash.

Do the TRUSTCO BANK CORP N Y (TRST) restricted stock units pay out in stock or cash?

The filing explains that each restricted stock unit represents a contingent right to receive a payment in cash equal to the value or fair market value of one share of TRST common stock on the settlement or vesting date, rather than delivering actual shares.

What does the remark about dividend reinvestment mean for TRUSTCO BANK CORP N Y (TRST)?

The remarks state that additional TRST shares have been acquired through the reporting person’s participation in a dividend reinvestment and/or employee benefit plan with a dividend reinvestment feature, which automatically uses cash dividends to buy more shares.