Form 4: Stock Yards Bancorp Director David Heintzman Reports Stock Transactions
SEC Form 4 Filing
David Heintzman, a director at Stock Yards Bancorp, reported the acquisition and disposal of company stock and stock appreciation rights on August 23, 2024.
Summary
- On August 23, 2024, David Heintzman, a director of Stock Yards Bancorp, engaged in multiple transactions involving the company's stock.
- He exercised stock appreciation rights for 10,000 shares at a price of $25.76.
- He also disposed of 6,828 shares to cover tax obligations at $60.27 per share.
- Additionally, he sold 3,000 shares at $59.1553 per share.
- Following these transactions, Heintzman directly owns 30,551 shares of common stock and indirectly owns 107,070 shares through a family gift trust.
- He also holds stock appreciation rights for 35,955 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Comparing Heintzman's transactions to those of other directors in similar-sized regional banks would provide context.
- For example, if directors at competitor banks like Fifth Third Bancorp or PNC Financial Services Group are also exercising options and selling shares, it could indicate a broader trend in the banking sector.
- However, without specific data on peer transactions, it's difficult to assess whether Heintzman's activity is typical or unusual.
Stakeholder Impact
- The transactions could influence investor perception of the company, depending on the volume and nature of the trades.
- Significant insider selling might raise concerns, while insider buying could signal confidence.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right |
| 03/15/2017 | Date of Stock Appreciation Right |
| 03/21/2018 | Date of Stock Appreciation Right |
| 08/23/2024 | Date of stock transactions (exercise of stock appreciation rights, disposal of shares for tax obligations, and sale of shares) |
| 08/26/2024 | Date of signature by Power of Attorney |
| 02/20/2028 | Expiration Date of Stock Appreciation Right |
| 03/15/2026 | Expiration Date of Stock Appreciation Right |
| 03/21/2027 | Expiration Date of Stock Appreciation Right |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.