4//SEC Filing
MCCORMICK ROBERT J 4
Accession 0001140361-24-047804
CIK 0000357301other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 6:13 PM ET
Size
12.4 KB
Accession
0001140361-24-047804
Insider Transaction Report
Form 4
MCCORMICK ROBERT J
DirectorPRESIDENT & CEO
Transactions
- Exercise/Conversion
COMMON STOCK
2024-11-21+4,184→ 286,934 total - Exercise/Conversion
RESTRICTED STOCK UNIT
2024-11-21−4,184→ 8,367 total→ COMMON STOCK (4,184 underlying) - Tax Payment
COMMON STOCK
2024-11-21$36.77/sh−2,117$77,842→ 284,817 total
Holdings
- 3,067
RESTRICTED STOCK UNIT
→ COMMON STOCK (3,067 underlying) - 89,053(indirect: BY FAMILY)
COMMON STOCK
- 10,448
RESTRICTED STOCK UNIT
→ COMMON STOCK (10,448 underlying)
Footnotes (7)
- [F1]Represents the vesting and settlement of restricted stock units ("RSUs"), which convert into common stock of the Issuer on a one-for-one basis.
- [F2]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.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock upon vesting.
- [F4]The RSUs vest in three equal annual installments beginning on November 21, 2024, the first anniversary of the date of the grant.
- [F5]The RSUs vest in three equal annual installments beginning on November 19, 2025, the first anniversary of the date of the grant.
- [F6]The RSUs "vest" in three equal annual installments beginning on November 15, 2023, the first anniversary of the date of the grant.
- [F7]Each restricted stock unit represents a contingent right to receive a payment in cash to the fair market value of issued common stock, as determined on the date of the vesting of the restricted stock unit.
Documents
Issuer
TRUSTCO BANK CORP N Y
CIK 0000357301
Entity typeother
Related Parties
1- filerCIK 0001214045
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 6:13 PM ET
- Size
- 12.4 KB