Form 4: Stock Yards Bancorp Director Heintzman Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4
Director David P. Heintzman reports exercising stock appreciation rights and disposing of Stock Yards Bancorp shares on July 31, 2024.
Summary
- On July 31, 2024, David P. Heintzman, a director of Stock Yards Bancorp, Inc. [SYBT], engaged in several transactions involving the company's stock.
- He exercised stock appreciation rights, acquiring 6,000 shares at a price of $25.76.
- He also disposed of shares, including 4,194 shares to cover tax obligations at $62.22 and 1,500 shares in a sale at $62.0233.
- Following these transactions, Heintzman directly owns 30,379 shares of common stock and indirectly owns 107,070 shares through a family gift trust.
- He also holds derivative securities, including stock appreciation rights for 18,799 shares with an exercise price of $25.76, 13,273 shares with an exercise price of $40, and 12,883 shares with an exercise price of $35.9.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions. There is no indication of positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
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 |
| 07/31/2024 | Date of earliest transaction: Exercise of stock appreciation rights and disposal of shares. |
| 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 |
| 08/01/2024 | Date of signature for the report. |
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