TRST General Counsel files Form 4 on RSU vesting and trades

Rhea-AI Filing Summary

TrustCo Bank Corp N Y (TRST) reported insider equity activity by its General Counsel & Secretary. On 11/19/2025, the officer exercised 403 restricted stock units, with the Form 4 indicating acquisition of 403 common shares at $0 and a same-day disposition of 403 shares at $39.70. Following these transactions, the officer directly beneficially owned 10,372 shares of TrustCo common stock.

The filing also shows derivative holdings of restricted stock units, including 807 units tied to the 403-unit vesting, plus additional restricted stock units covering 541 and 2,547 shares. Certain restricted stock units settle only in cash based on the value of one share on the applicable vesting or settlement date, while others provide a right to receive one share of common stock upon vesting, generally in three equal annual installments beginning on specified November 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

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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)
11/19/2025

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		403	A(1)(3)	$0(2)	10,775	D
COMMON STOCK	11/19/2025		D		403	D(1)(3)	$39.7	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)	11/19/2025		M		403		(3)	(3)	COMMON STOCK	403	$0	807	D
RESTRICTED STOCK UNIT	(4)							(5)	(5)	COMMON STOCK	541		541	D
RESTRICTED STOCK UNIT	(7)							(6)	(6)	COMMON STOCK	2,547		2,547	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 19, 2025.

3. One third of the restricted stock units awarded November 19, 2024 "vested" on November 19, 2025 and were settled in cash.

4. 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.

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. The restricted stock units vest in three equal annual installments beginning on November 18, 2026. The first anniversary of the grant.

7. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

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.
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FAQ

What insider transaction did TrustCo Bank Corp N Y (TRST) report on this Form 4?

The General Counsel & Secretary of TrustCo Bank Corp N Y (TRST) reported exercising 403 restricted stock units on 11/19/2025, shown as acquiring 403 common shares at $0 and disposing of 403 shares at $39.70 on the same date.

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

After the reported transactions on 11/19/2025, the officer directly beneficially owned 10,372 shares of TrustCo Bank Corp N Y common stock.

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

The Form 4 lists several restricted stock unit positions: 807 units remaining related to the 403-unit vesting, plus additional RSUs representing 541 and 2,547 underlying shares. These vest in three equal annual installments beginning on specified November dates.

Do the TrustCo (TRST) restricted stock units settle in cash or shares?

Some restricted stock units provide a cash payment equal to the value of one share of TrustCo common stock on the settlement or vesting date, while another RSU grant represents a right to receive one share of common stock per unit upon vesting.

What vesting schedules are disclosed for the TRST restricted stock units?

Certain restricted stock units vest in three equal annual installments beginning on November 19, 2025, others beginning on November 21, 2024, and another grant beginning on November 18, 2026, described as the first anniversary of the grant.

What additional note is included about the insiders TRST holdings?

The remarks state that additional shares were acquired through the reporting persons participation in a dividend reinvestment and/or employee benefit plan with a dividend reinvestment feature.