Form 4: Executive VP Michael Rehm Adjusts SYBT Holdings
Insider Transaction Report
Stock Yards Bancorp Executive Vice President Michael Rehm reported an acquisition and disposition of common stock, alongside existing derivative holdings.
Summary
- Michael Rehm, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), reported changes in his beneficial ownership of common stock.
- On March 23, 2026, Rehm acquired 1,056 shares of common stock at a price of $64.46 per share.
- On the same date, Rehm disposed of 430 shares of common stock at a price of $64.46 per share.
- Following these transactions, Rehm directly owns 18,164 shares of common stock.
- An additional 2,639 shares are indirectly owned through a 401K/ESOP FBO Michael Rehm.
- Rehm also holds various Stock Appreciation Rights (SARs) with exercise prices ranging from $36.65 to $75.21 and expiration dates between 2029 and 2036.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine insider transaction, likely related to equity compensation and tax withholding, which typically has a neutral impact on market sentiment.
Positives
- Acquisition of 1,056 shares of common stock by an Executive Vice President, indicating continued confidence in the company's future.
Negatives
- Disposition of 430 shares of common stock, which may be related to tax withholding obligations associated with equity awards.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transactions, such as those reported in a Form 4, are routine disclosures and typically do not reflect broader industry trends unless they involve unusually large volumes or a significant shift in insider sentiment across multiple executives.
Related Party Transactions
- Michael Rehm, an Executive Vice President of Stock Yards Bancorp, Inc., engaged in transactions involving the company's common stock, which constitutes a related party dealing.
Stakeholder Impact
- Shareholders: Minor impact, as these are routine insider transactions and do not signal a major shift in company strategy or financial health.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Grant date for Stock Appreciation Rights with an exercise price of $36.65, expiring 02/19/2029. |
| 02/25/2021 | Grant date for Stock Appreciation Rights with an exercise price of $37.30, expiring 02/25/2030. |
| 02/25/2022 | Grant date for Stock Appreciation Rights with an exercise price of $50.71, expiring 02/25/2031. |
| 02/14/2023 | Grant date for Stock Appreciation Rights with an exercise price of $54.91, expiring 02/14/2032. |
| 02/13/2024 | Grant date for Stock Appreciation Rights with an exercise price of $60.76, expiring 02/13/2033. |
| 02/12/2025 | Grant date for Stock Appreciation Rights with an exercise price of $47.95, expiring 02/12/2034. |
| 02/10/2026 | Grant date for Stock Appreciation Rights with an exercise price of $75.21, expiring 02/10/2035. |
| 03/23/2026 | Transaction date for common stock acquisition and disposition. |
| 03/24/2026 | Signature date of the reporting person (by Power of Attorney). |
| 02/19/2027 | Grant date for Stock Appreciation Rights with an exercise price of $68.33, expiring 02/19/2036. |
Keywords
Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Beneficial Ownership, Stock Appreciation Rights, Executive Compensation
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