TrustCo Bank (TRST) insider updates share and RSU positions

Rhea-AI Filing Summary

TrustCo Bank Corp NY (TRST) Chairman, President and CEO reported equity compensation activity involving restricted stock units and common stock. On November 15, 2025, 3,067 restricted stock units that were awarded on November 15, 2022 vested and were settled in cash, with related entries showing acquisition and disposition of 3,067 shares at a price of $40.10. After these transactions, the reporting person directly owned 297,398 shares of common stock and indirectly owned 89,131 shares through family. The reporting person also continued to hold 8,367 and 10,448 restricted stock units that each represent a right to receive one share of common stock upon vesting in three equal annual installments beginning in November 2024 and November 2025, respectively. The remarks note additional shares acquired through a dividend reinvestment and employee benefit plan.

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^*

MCCORMICK ROBERT J

(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
X	Officer (give title below)		Other (specify below)
	CHAIRMAN, PRESIDENT & CEO

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		3,067	A(1)(3)	$0(2)	300,465	D
COMMON STOCK	11/15/2025		D		3,067	D(1)(3)	$40.1	297,398	D
COMMON STOCK								89,131	I	BY FAMILY

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			3,067	(3)	(3)	COMMON STOCK	3,067	$0	0	D
RESTRICTED STOCK UNIT	(4)							(5)	(5)	COMMON STOCK	8,367		8,367	D
RESTRICTED STOCK UNIT	(4)							(6)	(6)	COMMON STOCK	10,448		10,448	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. One third of the restricted stock units awarded November 15, 2022 "vested" on November 15, 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 DIVIDENT 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 TRST's CEO report on November 15, 2025?

The Chairman, President and CEO of TrustCo Bank Corp NY (TRST) reported that on November 15, 2025, one third of a prior restricted stock unit grant vested and was settled in cash, corresponding to 3,067 units.

How many TRST shares does the reporting person own after the reported transactions?

Following the reported activity, the reporting person directly owned 297,398 shares of TRST common stock and indirectly owned 89,131 shares through family holdings.

At what price were the 3,067 TRST shares shown as disposed of?

The Form 4 reports a disposition of 3,067 shares of TRST common stock at a price of $40.10 per share, linked to the cash settlement of vested restricted stock units.

What restricted stock units does the TRST insider still hold?

The insider continued to hold 8,367 restricted stock units and 10,448 restricted stock units, each representing a contingent right to receive one share of TRST common stock upon vesting.

When do the remaining TRST restricted stock units vest?

The 8,367 restricted stock units vest in three equal annual installments beginning on November 21, 2024, and the 10,448 restricted stock units vest in three equal annual installments beginning on November 19, 2025, each being the first anniversary of the respective grant dates.

What does the cash settlement of TRST restricted stock units mean in this filing?

The filing explains that each restricted stock unit represents a contingent right to receive a cash payment equal to the value of one TRST common share on the settlement date, and that the 3,067 units that vested on November 15, 2025 were settled only in cash.

How did dividend reinvestment affect the TRST insider's holdings?

The remarks state that additional TRST shares were acquired through the reporting person’s participation in a dividend reinvestment and employee benefit plan with a dividend reinvestment feature.