Form 4: Stock Yards Bancorp Chairman & CEO James Hillebrand Reports Acquisition of Stock Appreciation Rights
SEC Form 4 Filing
James A. Hillebrand, Chairman & CEO of Stock Yards Bancorp, reports the acquisition of stock appreciation rights and adjustments to his holdings of common stock.
Summary
- On February 12, 2025, James A. Hillebrand, Chairman & CEO of Stock Yards Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The report indicates the acquisition of 9,210 Stock Appreciation Rights (SARs) with an exercise price of $75.21, exercisable from February 10, 2026, and expiring on February 10, 2035.
- Hillebrand also reported owning 105,450 shares of common stock directly, 25,447 shares indirectly through a KSOP, and 507 shares indirectly through a Trust-Directors' Deferred Comp Plan.
- The filing includes adjustments to the number of shares held in the Trust-Directors' Deferred Comp Plan and the KSOP due to dividend reinvestments.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing showing insider transactions. The acquisition of SARs is mildly positive, suggesting confidence, but it's not a major event.
Positives
- The acquisition of SARs by the CEO could be interpreted as a sign of confidence in the company's future performance.
- The continued holding of a significant number of shares demonstrates a vested interest in the company's success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge management's sentiment and confidence in the company's prospects.
Stakeholder Impact
- Shareholders may view the CEO's acquisition of SARs as a positive signal.
- The filing provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/17/2016 | Date of Stock Appreciation Right with exercise price of $22.96 and expiration date of 03/17/2025 |
| 03/15/2017 | Date of Stock Appreciation Right with exercise price of $25.76 and expiration date of 03/15/2026 |
| 03/21/2018 | Date of Stock Appreciation Right with exercise price of $40 and expiration date of 03/21/2027 |
| 02/20/2019 | Date of Stock Appreciation Right with exercise price of $35.9 and expiration date of 02/20/2028 |
| 10/01/2019 | Date of Stock Appreciation Right with exercise price of $39.32 and expiration date of 10/01/2028 |
| 02/19/2020 | Date of Stock Appreciation Right with exercise price of $36.65 and expiration date of 02/19/2029 |
| 02/25/2021 | Date of Stock Appreciation Right with exercise price of $37.3 and expiration date of 02/25/2030 |
| 02/25/2022 | Date of Stock Appreciation Right with exercise price of $50.71 and expiration date of 02/25/2031 |
| 02/14/2023 | Date of Stock Appreciation Right with exercise price of $54.91 and expiration date of 02/14/2032 |
| 02/13/2024 | Date of Stock Appreciation Right with exercise price of $60.76 and expiration date of 02/13/2033 |
| 02/12/2025 | Date of Stock Appreciation Right with exercise price of $47.95 and expiration date of 02/12/2034 |
| 02/10/2025 | Date of Earliest Transaction and Date of Stock Appreciation Right with exercise price of $75.21 and expiration date of 02/10/2035 |
| 02/12/2025 | Date of filing of the Form 4 |
| 02/10/2026 | Date the Stock Appreciation Right with exercise price of $75.21 becomes exercisable |
| 02/10/2035 | Expiration date of the Stock Appreciation Right with exercise price of $75.21 |
Keywords
Stock Yards Bancorp, James Hillebrand, Stock Appreciation Rights, Beneficial Ownership, Form 4, SYBT, Securities, Insider Trading
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