Form 4: TrustCo Bank Director Sells Shares After RSU Vesting

TrustCo Bank Director Frank B. Silverman reported the cash settlement of 550 restricted stock units, resulting in the disposition of 550 common shares.

Summary

• Director Frank B. Silverman of TRUSTCO BANK CORP N Y reported transactions on November 19, 2025.
• 550 Restricted Stock Units (RSUs), originally awarded on November 19, 2024, vested on November 19, 2025.
• These vested RSUs were settled in cash, equivalent to the value of 550 shares of the Issuer's Common Stock.
• A disposition of 550 shares of common stock occurred at a price of $39.7 per share as part of the cash settlement process.
• Following these transactions, Silverman's direct beneficial ownership of common stock is 4,787 shares.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting and cash settlement of restricted stock units, which is a standard compensation event and generally neutral in sentiment.

Positives

• Director Frank B. Silverman received cash compensation from the vesting of 550 restricted stock units.

Negatives

• Director Frank B. Silverman reduced direct beneficial ownership of common stock by 550 shares through the cash settlement of RSUs.

Future Outlook

This filing is a report of an insider transaction and does not contain any forward-looking statements or guidance.

Industry Context

This is a routine insider transaction related to executive compensation and does not inherently reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: A minor reduction in direct insider ownership by a director, which is typically not a significant concern unless part of a larger pattern of sales.

Key Dates

Keywords

TRST, TrustCo Bank, Form 4, insider transaction, stock sale, director, RSU, restricted stock unit, cash settlement