TrustCo Bank (TRST) COO reports RSU vesting and tax share withholding

Rhea-AI Filing Summary

TrustCo Bank Corp NY (TRST) executive vice president and chief operating officer reported routine equity transactions under a Form 4. On 11/19/2025, 1,283 restricted stock units (RSUs) vested and were settled into the same number of common shares at an exercise price of $0, reflecting the conversion of prior equity awards into stock.

To cover withholding taxes on this vesting, 595 common shares were withheld by the company in an exempt transaction at a price of $39.7 per share. After these transactions, the officer directly owned 34,745 common shares and indirectly held 1,270 shares through a family account. The filing also shows continuing ownership of multiple RSU awards that each convert into one share upon vesting, with installments scheduled to vest annually starting on November 21, 2024, November 19, 2025, and November 18, 2026.

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^*

LEONARD ROBERT M

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CHIEF OPERATING OFFICER

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(1)		1,283	A	$0	35,340	D
COMMON STOCK	11/19/2025		F(2)		595	D	$39.7	34,745	D
COMMON STOCK								1,270	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	(3)	11/19/2025		M(1)			1,283	(5)	(5)	COMMON STOCK	1,283	$0	2,567	D
RESTRICTED STOCK UNIT	(3)							(4)	(4)	COMMON STOCK	3,199		3,199	D
RESTRICTED STOCK UNIT	(3)							(6)	(6)	COMMON STOCK	4,076		4,076	D

Explanation of Responses:

1. Represents the vesting and settlement of restricted stock units ("RSUs"), which convert into common stock of the Issuer on a one-for-one basis.

2. In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's common stock were withheld by the Issuer for the payment of withholding taxes due upon the vesting of RSUs.

3. Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.

4. The RSU's vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant.

5. The RSU's vest in three equal annual installments beginning on November 19, 2025, the first anniversary of the date of the grant.

6. The RSU's vest in three equal annual installments beginning on November 18, 2026, the first anniversary of the date of the grant.

Remarks:

ADDITIONAL SHARE ACQUIRED BY REPORTING PERSON'S PARTICIPATION IN DIVIDEND REINVESTMENT AND/OR EMPLOYEE BENEFIT PLAN WITH DIVIDEND REINVESTMENT FEATURE.

	/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.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did TRST report in this Form 4?

The filing reports that the executive vice president and chief operating officer of TrustCo Bank Corp NY (TRST) had 1,283 RSUs vest on 11/19/2025, which were settled into the same number of common shares at an exercise price of $0.

How many TrustCo Bank (TRST) shares were used to pay taxes on the RSU vesting?

The filing states that 595 common shares of TRST were withheld by the issuer at a price of $39.7 per share to pay withholding taxes due upon the vesting of RSUs.

How many TRST shares does the reporting officer own after the transactions?

After the reported transactions, the officer beneficially owned 34,745 common shares directly and 1,270 common shares indirectly through a family account.

What RSU awards are still outstanding for the TRST executive?

The filing shows outstanding restricted stock units representing rights to receive 2,567, 3,199, and 4,076 shares of TRST common stock, each RSU converting into one share upon vesting.

How do the TRST RSUs vest for the reporting person?

The RSUs each vest in three equal annual installments, with schedules beginning on November 21, 2024, November 19, 2025, and November 18, 2026, which are the first anniversaries of their respective grant dates.

What is the relationship of the reporting person to TrustCo Bank (TRST)?

The reporting individual is an officer of TrustCo Bank Corp NY, serving as EVP & Chief Operating Officer, and filed the Form 4 as a single reporting person.