Form 4: Stock Yards Bancorp Director David Heintzman Reports Gift of Shares
SEC Form 4 Filing
David Heintzman, a director at Stock Yards Bancorp, reported gifting 1,000 shares of common stock to a charitable organization on May 13, 2024.
Summary
- On May 13, 2024, David P. Heintzman, a director of Stock Yards Bancorp, Inc. (SYBT), gifted 1,000 shares of common stock to a charitable organization.
- Following the transaction, Heintzman directly owns 31,073 shares of common stock and indirectly owns 113,070 shares through a family gift trust.
- Heintzman also holds derivative securities in the form of stock appreciation rights (SARs) with various exercise prices and expiration dates.
- These SARs relate to 12,883 shares (expiring 02/20/2028), 24,799 shares (expiring 03/15/2026), and 13,273 shares (expiring 03/21/2027).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Gifts to charity are not uncommon.
Stakeholder Impact
- The gift of shares has a minor impact on the total outstanding shares of Stock Yards Bancorp.
Key Dates
| Date | Description |
|---|---|
| 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 |
| 05/13/2024 | Date of transaction: Gift of 1,000 shares of common stock to a charitable organization |
| 05/14/2024 | Date of signature for the Form 4 filing |
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