Form 4: Stock Yards Bancorp Chairman & CEO James Hillebrand Reports Transactions
SEC Form 4 Filing
James Hillebrand, Chairman & CEO of Stock Yards Bancorp, reports acquisition and disposal of common stock on March 24, 2025.
Summary
- James A Hillebrand, Chairman & CEO of Stock Yards Bancorp, filed a Form 4 on March 25, 2025.
- The report details transactions involving Stock Yards Bancorp's common stock.
- On March 24, 2025, Hillebrand acquired 3,295 shares of common stock at $70.66 per share.
- On the same day, Hillebrand disposed of 1,453 shares of common stock at $70.66 per share.
- Following these transactions, Hillebrand directly owns 107,292 shares of common stock.
- Hillebrand also indirectly owns 507 shares through a Trust-Directors' Deferred Comp Plan and 25,447 shares through a KSOP-fbo James Hillebrand.
- The report also lists holdings of various stock appreciation rights (SARs) with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reports transactions without expressing an opinion on the company's performance or future prospects. The acquisition and disposal offset each other to some extent.
Positives
- The acquisition of 3,295 shares could be interpreted as a sign of confidence in the company's future.
Negatives
- The disposal of 1,453 shares could be seen as a negative signal, although the acquisition of a larger number of shares on the same day mitigates this concern.
Risks
- Fluctuations in the stock price could impact the value of the stock appreciation rights.
- Changes in company performance could affect the value of the holdings.
Industry Context
Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's prospects. Form 4 filings are a routine part of regulatory compliance for corporate insiders.
Comparison to Industry Standards
- Comparing Hillebrand's transactions to those of other bank executives can provide context.
- For example, executives at similar regional banks like Fifth Third Bancorp or PNC Financial Services Group also regularly file Form 4s.
- Analyzing the timing and size of these transactions relative to company performance can offer valuable insights.
Stakeholder Impact
- The reported transactions may influence investor sentiment regarding Stock Yards Bancorp.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/21/2018 | Stock Appreciation Right with exercise price of $40 expires 03/21/2027 |
| 02/20/2019 | Stock Appreciation Right with exercise price of $35.9 expires 02/20/2028 |
| 10/01/2019 | Stock Appreciation Right with exercise price of $39.32 expires 10/01/2028 |
| 02/19/2020 | Stock Appreciation Right with exercise price of $36.65 expires 02/19/2029 |
| 02/25/2021 | Stock Appreciation Right with exercise price of $37.3 expires 02/25/2030 |
| 02/25/2022 | Stock Appreciation Right with exercise price of $50.71 expires 02/25/2031 |
| 02/14/2023 | Stock Appreciation Right with exercise price of $54.91 expires 02/14/2032 |
| 02/13/2024 | Stock Appreciation Right with exercise price of $60.76 expires 02/13/2033 |
| 02/12/2025 | Stock Appreciation Right with exercise price of $47.95 expires 02/12/2034 |
| 02/10/2026 | Stock Appreciation Right with exercise price of $75.21 expires 02/10/2035 |
| 03/24/2025 | Date of common stock transaction (acquisition and disposal). |
| 03/25/2025 | Date of Form 4 filing. |
Keywords
Stock Yards Bancorp, James Hillebrand, Form 4, insider trading, common stock, stock appreciation rights, SYBT, ownership
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