Form 4: Executive Reports Stock Yards Bancorp Share & SAR Holdings
Insider Transaction Report
Stock Yards Bancorp Executive Vice President Thomas C. Stinnett reported changes in his beneficial ownership, including new Stock Appreciation Rights and common stock acquisitions.
Summary
- Thomas C. Stinnett, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), filed a Form 4 detailing his beneficial ownership.
- Stinnett directly owns 64,087 shares of Common Stock, which includes shares acquired through automatic dividend reinvestment.
- Indirectly, Stinnett's spouse beneficially owns 497 shares of Common Stock, also including shares from automatic dividend reinvestment.
- An additional 13,928 shares of Common Stock are beneficially owned indirectly through a KSOP plan (fbo Thomas Stinnett), which includes employer contributions and automatic dividend reinvestment.
- Stinnett was granted 4,093 Stock Appreciation Rights (SARs) on February 19, 2026, with an exercise price of $68.33, exercisable from February 19, 2027, and expiring on February 19, 2036.
- Stinnett holds a total of 53,555 Stock Appreciation Rights (SARs) across various grants with exercise prices ranging from $25.76 to $75.21 and expiration dates up to February 19, 2036.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. The grant of new Stock Appreciation Rights and continued accumulation of common stock through dividend reinvestment indicates ongoing executive alignment with company performance, which is generally a positive signal, but it's a routine disclosure without significant new information.
Positives
- The acquisition of 4,093 Stock Appreciation Rights (SARs) indicates continued incentive alignment between the executive and shareholder value.
- Ongoing acquisition of common stock through dividend reinvestment and employer contributions (KSOP) suggests a long-term commitment to the company.
Future Outlook
This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for executive equity transactions and do not typically provide broader industry context. This filing reflects an executive's compensation and investment in the company, which is a common practice across industries to align management incentives with shareholder interests.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Power of Attorney | Thomas C. Stinnett granted a Limited Power of Attorney to Vycki Seigle and Nathan Berger to execute and file Forms 3, 4, 5, and 144 on his behalf with the SEC. | 09/22/2025 | This streamlines the executive's compliance with Section 16 and Rule 144 reporting obligations, ensuring timely and accurate filings without requiring the executive's direct signature for each transaction. |
Stakeholder Impact
- Shareholders: The grant of SARs and continued equity holdings align executive incentives with shareholder value creation.
- Employees: The KSOP plan mentioned for indirect ownership indicates an employee benefit plan.
Key Dates
| Date | Description |
|---|---|
| 03/15/2017 | Date exercisable for SARs with $25.76 exercise price. |
| 03/21/2018 | Date exercisable for SARs with $40.00 exercise price. |
| 02/20/2019 | Date exercisable for SARs with $35.90 exercise price. |
| 02/19/2020 | Date exercisable for SARs with $36.65 exercise price. |
| 05/01/2020 | Date exercisable for SARs with $38.18 exercise price. |
| 02/25/2021 | Date exercisable for SARs with $37.30 exercise price. |
| 02/25/2022 | Date exercisable for SARs with $50.71 exercise price. |
| 02/14/2023 | Date exercisable for SARs with $54.91 exercise price. |
| 02/13/2024 | Date exercisable for SARs with $60.76 exercise price. |
| 02/12/2025 | Date exercisable for SARs with $47.95 exercise price. |
| 09/22/2025 | Date Limited Power of Attorney was signed by Thomas C. Stinnett. |
| 02/10/2026 | Date exercisable for SARs with $75.21 exercise price. |
| 02/19/2026 | Earliest transaction date reported; date of grant for 4,093 SARs. |
| 02/23/2026 | Signature date of the Form 4 filing by Power of Attorney. |
| 03/15/2026 | Expiration date for SARs with $25.76 exercise price. |
| 02/19/2027 | Date exercisable for 4,093 SARs granted on 02/19/2026. |
| 03/21/2027 | Expiration date for SARs with $40.00 exercise price. |
| 02/20/2028 | Expiration date for SARs with $35.90 exercise price. |
| 02/19/2029 | Expiration date for SARs with $36.65 exercise price. |
| 05/01/2029 | Expiration date for SARs with $38.18 exercise price. |
| 02/25/2030 | Expiration date for SARs with $37.30 exercise price. |
| 02/25/2031 | Expiration date for SARs with $50.71 exercise price. |
| 02/14/2032 | Expiration date for SARs with $54.91 exercise price. |
| 02/13/2033 | Expiration date for SARs with $60.76 exercise price. |
| 02/12/2034 | Expiration date for SARs with $47.95 exercise price. |
| 02/10/2035 | Expiration date for SARs with $75.21 exercise price. |
| 02/19/2036 | Expiration date for 4,093 SARs granted on 02/19/2026. |
Recommendation
holdThis Form 4 filing is a routine disclosure of an executive's equity holdings and a new grant of Stock Appreciation Rights. It does not contain information that would fundamentally alter the investment thesis for Stock Yards Bancorp. The executive's continued accumulation of shares and receipt of performance-based incentives are generally positive for long-term alignment but do not warrant a change in investment recommendation based solely on this filing.
Keywords
Stock Yards Bancorp, SYBT, Thomas C. Stinnett, Form 4, Insider Trading, Beneficial Ownership, Stock Appreciation Rights, SARs, Executive Compensation, Equity Holdings
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