TrustCo Bank (TRST) director reports 550 RSUs cash settlement

Rhea-AI Filing Summary

TrustCo Bank Corp NY director reports cash-settled equity award activity. A director of TRST reported transactions dated 11/19/2025 involving restricted stock units and related common stock entries. Table II shows 550 restricted stock units with an exercise price of $0 being reported with transaction code “M,” with the number of derivative securities beneficially owned afterward listed as 0. The explanation states these restricted stock units, awarded on November 19, 2024, vested on November 19, 2025 and were settled in cash based on the value of one share of common stock. Table I shows matching entries for 550 shares of common stock with transaction codes “M” and “D,” at a reported price of $39.7, with the director’s beneficial ownership of common stock listed as 4,787 shares held directly after the transactions.

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

OMB APPROVAL

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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^*

Silverman Frank B

(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
	Officer (give title below)		Other (specify below)

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		550	A(1)(3)	$0(2)	5,337	D
COMMON STOCK	11/19/2025		D		550	D(1)(3)	$39.7	4,787	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	$0(2)	11/19/2025		M			550	(3)	(3)	COMMON STOCK	550	$0	0	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. The restricted stock units awarded November 19, 2024 "vested" on November 19, 2025 and were settled in cash.

	/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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did TRST disclose on this Form 4?

The filing reports a TrustCo Bank Corp NY (TRST) director’s transactions on 11/19/2025 involving 550 restricted stock units and corresponding common stock entries, tied to a cash settlement of those units.

How many restricted stock units were involved for the TRST director?

The director’s Form 4 shows 550 restricted stock units with a conversion or exercise price of $0, reported in Table II with transaction code “M.”

How were the TRST restricted stock units settled?

The explanation states the restricted stock units “settled only for cash,” with each unit representing a contingent right to receive a cash payment equal to the value of one share of TrustCo common stock on the settlement date.

When did the TRST restricted stock units vest and settle?

The restricted stock units were awarded on November 19, 2024, “vested” on November 19, 2025, and, according to the explanation, were settled in cash on that vesting date.

What is the TRST director’s reported common stock ownership after the transaction?

Table I lists 4,787 shares of TrustCo Bank Corp NY common stock beneficially owned following the reported transactions, shown as held in direct ownership form.

What transaction codes appear in the TRST Form 4 tables?

Table I for common stock uses transaction codes “M” and “D” for 550 shares, while Table II for restricted stock units uses code “M” for 550 units with a conversion or exercise price of $0.

Did the TRST director retain any restricted stock units after this Form 4 event?

Table II shows the number of derivative securities beneficially owned following the reported transaction as 0, indicating no restricted stock units remaining after the cash settlement.