Form 4: Stock Yards Bancorp Chairman & CEO James Hillebrand Reports Stock Transactions
SEC Form 4 Filing
James Hillebrand, Chairman & CEO of Stock Yards Bancorp, reports acquisition and disposal of common stock on March 25, 2024.
Summary
- On March 25, 2024, James A. Hillebrand, Chairman & CEO of Stock Yards Bancorp, acquired 14,176 shares of common stock at $44.89 per share.
- On the same day, Hillebrand disposed of 6,348 shares of common stock at $44.89 per share.
- Following these transactions, Hillebrand directly owns 111,798 shares and indirectly owns 25,074 shares through KSOP-fbo James Hillebrand and 497 shares through Trust-Directors' Deferred Comp Plan.
- Hillebrand also holds various Stock Appreciation Rights (SARs) with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions. The acquisition is a slightly positive signal, but the disposal offsets it.
Positives
- The acquisition of 14,176 shares could be interpreted as a sign of confidence in the company's future prospects by the CEO.
Negatives
- The disposal of 6,348 shares, while smaller than the acquisition, could be viewed negatively by some investors.
Risks
- The document does not explicitly state any risks.
- However, insider transactions are always subject to scrutiny and could be interpreted in various ways by the market.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Comparing insider trading activity to peers like WesBanco, Inc. and Farmers National Banc Corp could provide context, but this document alone doesn't offer enough information for a comprehensive comparison.
- Analyzing the ratio of acquisitions to disposals and comparing it to industry averages could be insightful.
Stakeholder Impact
- The transactions could have a minor impact on shareholder sentiment, depending on how they interpret the CEO's trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/17/2016 | Stock Appreciation Right with exercise price $22.96 expires 03/17/2025 |
| 03/15/2017 | Stock Appreciation Right with exercise price $25.76 expires 03/15/2026 |
| 03/21/2018 | Stock Appreciation Right with exercise price $40 expires 03/21/2027 |
| 02/20/2019 | Stock Appreciation Right with exercise price $35.9 expires 02/20/2028 |
| 10/01/2019 | Stock Appreciation Right with exercise price $39.32 expires 10/01/2028 |
| 02/19/2020 | Stock Appreciation Right with exercise price $36.65 expires 02/19/2029 |
| 02/25/2021 | Stock Appreciation Right with exercise price $37.3 expires 02/25/2030 |
| 02/25/2022 | Stock Appreciation Right with exercise price $50.71 expires 02/25/2031 |
| 02/14/2023 | Stock Appreciation Right with exercise price $54.91 expires 02/14/2032 |
| 02/13/2024 | Stock Appreciation Right with exercise price $60.76 expires 02/13/2033 |
| 02/12/2025 | Stock Appreciation Right with exercise price $47.95 expires 02/12/2034 |
| 03/25/2024 | James Hillebrand acquired 14,176 shares and disposed of 6,348 shares of common stock. |
| 03/27/2024 | Date of signature for the Form 4 filing. |
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