A jury in Manhattan convicted Mr. Trump of 34 counts of falsifying business records in the first degree, a crime that under New York State law carries a possible sentence that ranges from probation to four years in prison.
-Reported by William K. Rashbaum for the New York Times, May 30, 2024

So Trump is now a convicted felon.
His sentencing hearing is scheduled for Jul. 11, four days before the start of the Republican convention.
(Will the Republican Party nominate a convict for President?)
Even if Trump is given jail time (possible* but not likely), his lawyers will keep him out of jail by starting a lengthy appeals process, and posting bail money.
*His Secret Service detail will go to jail with him, basically. They are required by law to protect him 24/7.

As for calling it a ‘hush money trial’ : it was actually an ‘election fraud conspiracy trial’, which is why the falsification of these business records were charged as felonies.