Form 4: Stock Yards Bancorp Director Edwin S. Saunier Acquires Shares
SEC Form 4 Filing
Director Edwin S. Saunier acquired 40 shares of Stock Yards Bancorp, Inc. at $43.85 per share on March 19, 2024.
Summary
- On March 19, 2024, Edwin S. Saunier, a director of Stock Yards Bancorp, Inc., acquired 40 shares of common stock at a price of $43.85 per share.
- Following the transaction, Saunier directly owns 6,344 shares of common stock.
- Saunier also indirectly owns 2,807 shares through a Trust-Directors' Deferred Comp Plan.
- Saunier also owns 1,000 Stock Appreciation Rights.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. The director's purchase could be seen as a positive signal, but without further context, it's difficult to assess the overall impact.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 07/20/2022 | Date Stock Appreciation Right was granted. |
| 03/19/2024 | Date of the transaction (purchase of shares). |
| 03/20/2024 | Date of signature on the Form 4 filing. |
| 07/20/2031 | Expiration date of the Stock Appreciation Right. |
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