Form 4: Director Carl Herde Boosts SYBT Holdings

Stock Yards Bancorp Director Carl Herde reported acquiring additional common stock and restricted stock units, increasing his beneficial ownership.

Summary

• Director Carl G. Herde acquired 15 shares of Common Stock indirectly at a price of $65.2 per share through a Trust-Directors' Deferred Comp Plan on January 2, 2026.
• Herde also acquired 828 shares of Common Stock directly as a restricted stock unit grant with a one-year vesting period on January 2, 2026.
• Following these transactions, Herde beneficially owns 29,048 shares indirectly and 12,018 shares directly.
• The reported transactions include shares acquired through automatic dividend reinvestment and movement of vested restricted stock units deferred.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 7

Explanation: The director's increased beneficial ownership, even through compensation plans, generally signals confidence in the company's performance and future, which is a positive sentiment.

Positives

• Director Carl G. Herde increased his beneficial ownership in Stock Yards Bancorp, which can signal confidence in the company's future prospects.
• The acquisition of shares through a deferred compensation plan and restricted stock unit grant aligns the director's interests with those of shareholders.

Future Outlook

The restricted stock unit grant has a one-year vesting period, indicating future ownership for the director contingent on continued service.

Industry Context

Insider transactions, such as those reported in a Form 4, are routine disclosures in the financial services industry, providing transparency into management's holdings and confidence in their respective companies.

Related Party Transactions

• Acquisition of 15 shares through a Trust-Directors' Deferred Comp Plan, which is a standard compensation arrangement for directors.

Stakeholder Impact

• Shareholders may view the director's increased holdings as a positive sign of management's alignment with shareholder interests and confidence in the company's future.

Next Steps

• Vesting of the 828 restricted stock units after a one-year period.

Key Dates

Keywords

Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Director Stock Acquisition, Restricted Stock Units, Deferred Compensation Plan, Rule 10b5-1