Form 4: Stock Yards Bancorp Director Acquires Stock Appreciation Rights

Stock Yards Bancorp, Inc. Director Scott P. Davis acquired 1,000 Stock Appreciation Rights on May 19, 2026, with an exercise price of $70.21.

Summary

• Director Scott P. Davis acquired 1,000 Stock Appreciation Rights (SARs) on May 19, 2026.
• The SARs have an exercise price of $70.21 and are exercisable starting May 19, 2027, with an expiration date of May 19, 2036.
• Following this transaction, Mr. Davis beneficially owns 13,970 shares of common stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, as it represents a standard insider transaction of equity-linked compensation rather than a significant strategic move or financial performance indicator.

Positives

• Director acquisition of SARs can signal confidence in the company's future performance.
• The acquisition of SARs provides potential upside for the director based on stock price appreciation.

Future Outlook

The acquisition of Stock Appreciation Rights suggests a positive outlook from the director regarding the company's future stock performance, as these rights gain value with an increasing stock price.

Industry Context

StockSavvy.ai notes that insider acquisitions of equity-linked instruments like Stock Appreciation Rights are common within the banking sector as a means to align executive and director interests with shareholder value creation, particularly when the company is perceived to have growth potential.

Stakeholder Impact

• Shareholders: The acquisition of SARs by a director may be viewed positively, suggesting confidence in future stock appreciation, which directly benefits shareholders.

Next Steps

• The Stock Appreciation Rights are exercisable from May 19, 2027, to May 19, 2036.

Key Dates

Keywords

Stock Yards Bancorp, SYBT, Form 4, SEC Filing, Director, Stock Appreciation Rights, Beneficial Ownership, Insider Trading