other
confidence high
sentiment neutral
materiality 0.30
TrustCo grants 12,551 RSUs to CEO McCormick; performance shares up to 28,239
TRUSTCO BANK CORP N Y
- CEO R. McCormick awarded 12,551 time-based RSUs; performance shares: threshold 4,707, target 18,826, max 28,239.
- CFO M. Ozimek awarded 3,322 RSUs; performance shares: threshold 1,246, target 4,984, max 7,476.
- Officer R. Leonard awarded 4,799 RSUs; performance shares: threshold 1,800, target 7,199, max 10,799.
- Officer K. Curley awarded 3,322 RSUs; performance shares: threshold 1,246, target 4,984, max 7,476.
- RSUs vest in three equal annual installments; Performance shares vest based on TrustCo's ROE vs peer group over 2024-2026.