TrustCo Bank Corp N Y (TRST) director buys 105 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TrustCo Bank Corp N Y director Frank B Silverman reported an open-market purchase of 105 shares of common stock at $46.18 per share. After this transaction, he directly owns 4,892 shares of TrustCo Bank Corp N Y common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 105 shares ($4,849)
Net Buy
1 txn
Insider
Silverman Frank B
Role
null
Bought
105 shs ($5K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK | 105 | $46.18 | $5K |
Holdings After Transaction:
COMMON STOCK — 4,892 shares (Direct, null)
Footnotes (1)
Key Figures
Shares purchased: 105 shares
Purchase price: $46.18 per share
Shares owned after trade: 4,892 shares
+1 more
4 metrics
Shares purchased
105 shares
Open-market purchase of common stock
Purchase price
$46.18 per share
Price paid for each common share
Shares owned after trade
4,892 shares
Direct holdings following transaction
Net buy shares
105 shares
Net change in buy/sell activity in this filing
Key Terms
open-market purchase, Form 4, COMMON STOCK, transaction code "P"
4 terms
open-market purchase financial
"transaction_action: "open-market purchase" for 105 common shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) for TrustCo Bank Corp N Y"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
COMMON STOCK financial
"security_title is listed as "COMMON STOCK" in the transaction"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
transaction code "P" regulatory
"transaction_code "P" indicates a purchase in open market"
FAQ
What insider transaction did TRST director Frank B Silverman report?
Frank B Silverman reported an open-market purchase of 105 TrustCo Bank Corp N Y common shares at $46.18 each. The filing shows this single buy transaction and indicates his direct ownership stake increased to 4,892 shares following the trade.
Was the TRST insider transaction a purchase or a sale?
The transaction was a purchase. The Form 4 identifies it as an open-market buy of 105 TrustCo Bank Corp N Y common shares, coded as a purchase and classified as a non-derivative transaction that increased the director’s directly held position.
What transaction code is used for the TRST insider trade on the Form 4?
The filing uses transaction code "P" for the reported trade, indicating a purchase in the open market or a private transaction. This code confirms the 105 TrustCo Bank Corp N Y common shares were acquired rather than sold by the reporting director.