secwatch.observer — SEC 8-K summary
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Issuer:     TRUSTCO BANK CORP N Y (TRST)
CIK:        0000357301
Form:       8-K
Filed at:   2023-11-24T23:59:59+00:00
Accession:  0001140361-23-054536
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TrustCo grants 12,551 RSUs to CEO McCormick; performance shares up to 28,239
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357301/000114036123054536/0001140361-23-054536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357301/000114036123054536/ef20015231_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-054536

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer