TrustCo Bank VP buys 436 shares for child
A TRST vice president is linked to a small open-market purchase for a child’s UGMA account while maintaining additional direct and indirect share holdings.
Rhea-AI Filing Summary
TRUSTCO BANK CORP N Y (TRST) reported that officer Lauren Ann McCormick was associated with an indirect purchase of 436 shares of common stock on September 2, 2026 at $57.34 per share through a custodial account for her child. The shares are held indirectly as UGMA custodian, and she disclaims beneficial ownership to the extent she does not have a pecuniary interest. Following this transaction, reported positions include 539 shares in the UGMA custodial account, 533 shares held directly, 42,923 shares held indirectly by spouse, and 1,756 shares held indirectly as trustee for a child; no Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 436 shares
Net Buy
4 txns
Insider
McCormick Lauren Ann
Role
VP,Treasurer, Asst. Corp. Sec.
Bought
436 shs ($25K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK F1 | 436 | $57.34 | $25K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 539 shares (Indirect, AS UGMA CUSTODIAN FOR CHILD);
COMMON STOCK — 533 shares (Direct);
COMMON STOCK — 42,923 shares (Indirect, BY SPOUSE);
COMMON STOCK — 1,756 shares (Indirect, AS TRUSTEE FOR CHILD)
Footnotes (1)
- F1. Acquisition for child by custodial account established pursuant to the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these shares to the extent that she does not have a pecuniary interest therein, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
Key Figures
Shares purchased: 436 shares
Purchase price per share: $57.34 per share
UGMA custodial account holdings: 539 shares
+3 more
6 metrics
Shares purchased
436 shares
Common stock acquired on September 2, 2026 in UGMA custodial account
Purchase price per share
$57.34 per share
Price for 436-share common stock purchase on September 2, 2026
UGMA custodial account holdings
539 shares
Indirect holdings for child after the reported purchase
Direct holdings
533 shares
Common stock held directly by the reporting person after the event
Indirect holdings by spouse
42,923 shares
Common stock reported as indirectly owned through spouse
Indirect holdings as trustee for child
1,756 shares
Common stock held indirectly as trustee for a child
Key Terms
Uniform Gifts to Minors Act, pecuniary interest, beneficial owner, UGMA custodian
4 terms
Uniform Gifts to Minors Act regulatory
"custodial account established pursuant to the Uniform Gifts to Minors Act"
pecuniary interest financial
"disclaims beneficial ownership of these shares to the extent that she does not have a pecuniary interest"
beneficial owner regulatory
"should not be deemed an admission that the reporting person is the beneficial owner of these shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
UGMA custodian financial
"indirect ownership described as AS UGMA CUSTODIAN FOR CHILD"
FAQ
What insider transaction did TRUSTCO BANK CORP N Y (TRST) report for September 2, 2026?
The company reported an indirect purchase of 436 TRST shares of common stock on September 2, 2026 at $57.34 per share, made through a UGMA custodial account for a child associated with officer Lauren Ann McCormick.
Who is the reporting person in the TRST Form 4 and what is their role?
The reporting person is Lauren Ann McCormick, who serves as Vice President, Treasurer, and Assistant Corporate Secretary of TRUSTCO BANK CORP N Y, and she reported the indirect purchase and related holdings of the company’s common stock.
What are Lauren Ann McCormick’s total reported direct and indirect TRST holdings after the Form 4 event?
The filing reports 533 TRST shares held directly, 42,923 shares held indirectly by spouse, 1,756 shares held indirectly as trustee for a child, and 539 shares in a UGMA custodial account, each classified by its own ownership nature.
Does the TRST Form 4 state that the purchase was under a Rule 10b5-1 trading plan?
No. The document-level checkbox indicates no Rule 10b5-1 trading plan, and there is no footnote stating that the September 2, 2026 purchase was made pursuant to such a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
