Form 4: Stock Yards Bancorp Director David P. Heintzman Reports Stock Sales
SEC Filing Form 4
David P. Heintzman, a director at Stock Yards Bancorp, reported the sale of common stock on October 25 and 28, 2024, according to a Form 4 filing with the SEC.
Summary
- David P. Heintzman, a director of Stock Yards Bancorp, Inc. [SYBT], filed a Form 4 with the SEC.
- The filing reports the sale of 7,659 shares of common stock on October 25, 2024, at a price of $65.98 per share.
- An additional 2,341 shares were sold on October 28, 2024, at $66.05 per share.
- Following these transactions, Heintzman indirectly owns 97,070 shares through a family gift trust.
- Heintzman also directly owns 29,786 shares.
- He also owns stock appreciation rights.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a report of stock sales by a director, which doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The market often interprets these filings as signals, although the reasons for individual trades can vary widely.
Stakeholder Impact
- Shareholders may interpret the stock sales as a signal, potentially leading to price fluctuations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right |
| 03/21/2018 | Date of Stock Appreciation Right |
| 02/20/2028 | Expiration Date of Stock Appreciation Right |
| 03/21/2027 | Expiration Date of Stock Appreciation Right |
| 10/25/2024 | Date of first reported transaction (sale of common stock) |
| 10/28/2024 | Date of second reported transaction (sale of common stock) |
| 10/29/2024 | Date of signature on the Form 4 filing |
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