TrustCo Bank Corp N Y (TRST) VP reports 103-share purchase in child UGMA account
Rhea-AI Filing Summary
TrustCo Bank Corp NY VP, Treasurer and Assistant Corporate Secretary Lauren Ann McCormick reported a purchase of 103 shares of common stock of TRUSTCO BANK CORP N Y on 2026-08-12 at $56.51 per share. The shares are held indirectly as UGMA custodian for a child, and McCormick disclaims beneficial ownership to the extent she has no pecuniary interest in them. On the same date she also reported 533 shares held directly, 42,923 shares held indirectly by spouse, and 1,756 shares held indirectly as trustee for a child.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 103 shares
Net Buy
4 txns
Insider
McCormick Lauren Ann
Role
VP,Treasurer, Asst. Corp. Sec.
Bought
103 shs ($6K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | COMMON STOCK F1 | 103 | $56.51 | $6K |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
COMMON STOCK — 103 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: 103 shares
Purchase price: $56.51 per share
Direct holdings after reporting date: 533 shares
+2 more
5 metrics
Shares purchased
103 shares
Common stock bought on 2026-08-12
Purchase price
$56.51 per share
Common stock purchase on 2026-08-12
Direct holdings after reporting date
533 shares
Common stock held directly by reporting person
Indirect holdings by spouse
42,923 shares
Common stock held indirectly by spouse
Indirect holdings as trustee for child
1,756 shares
Common stock held indirectly as trustee for child
Key Terms
Uniform Gifts to Minors Act, UGMA custodian, pecuniary interest, beneficial ownership, +1 more
5 terms
Uniform Gifts to Minors Act regulatory
"Acquisition for child by custodial account established pursuant to the Uniform Gifts to Minors Act."
UGMA custodian financial
"The shares are held indirectly as UGMA custodian for a child."
pecuniary interest financial
"disclaims beneficial ownership of these shares to the extent that she does not have a pecuniary interest therein"
beneficial ownership financial
"this report should not be deemed an admission that the reporting person is the beneficial owner of these shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of these shares for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did TrustCo Bank Corp NY (TRST) insider Lauren Ann McCormick report in this Form 4?
Lauren Ann McCormick reported buying 103 TRST common shares on 2026-08-12 at $56.51 per share. The shares are held indirectly as UGMA custodian for a child, with beneficial ownership disclaimed where no pecuniary interest exists.
Was the TRST Form 4 transaction by Lauren Ann McCormick a buy or a sell?
The reported TRST transaction was a purchase. McCormick acquired 103 shares of common stock at $56.51 per share in an open-market or private transaction, held indirectly through a custodial account for a child.
Does Lauren Ann McCormick’s TRST Form 4 indicate a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed. The transaction is described as a purchase in open market or private transaction, with no accompanying footnote stating it was pursuant to a 10b5-1 plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
