Form 4: TrustCo Bank Corp NY Executive Vice President & COO Reports Stock Transactions

Kevin M. Curley, Executive Vice President & COO of TrustCo Bank Corp NY, reported the cash settlement of restricted stock units and subsequent disposal of shares on November 15th and 16th, 2024.

Summary

• Kevin M. Curley, an Executive Vice President & COO at TrustCo Bank Corp NY, filed a Form 4 detailing transactions involving the company's common stock.
• On November 15, 2024, 876 restricted stock units vested and were settled in cash, resulting in the acquisition of 876 shares at $0 and the subsequent disposal of 876 shares at $36.66.
• On November 16, 2024, 988 restricted stock units vested and were settled in cash, resulting in the acquisition of 988 shares at $0 and the subsequent disposal of 988 shares at $36.66.
• Following these transactions, Mr. Curley directly owns 36,047 shares of common stock and indirectly owns 152 shares through his wife.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading activities.
• The transactions reported are typical for executives receiving stock-based compensation, such as restricted stock units, which vest over time.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to the vesting of previously awarded compensation.

Key Dates

Keywords

Form 4, insider trading, stock transactions, restricted stock units, executive compensation, TrustCo Bank Corp NY, TRST, Kevin M. Curley