Form 4: Stock Yards Bancorp Director John Schutte Acquires Shares
SEC Form 4 Filing
Director John Schutte reports acquisition of Stock Yards Bancorp shares through a trust and deferred compensation plan.
Summary
- On May 23, 2024, John Schutte, a director at Stock Yards Bancorp, acquired 110 shares of common stock at a price of $46.44 per share.
- Following the transaction, Schutte directly owns 82,173 shares of common stock.
- Schutte also indirectly owns 6,818 shares through a trust and holds 1,000 stock appreciation rights.
- The stock appreciation rights have an exercise price of $38.85 and expire on August 28, 2028.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The purchase could be seen as slightly positive, but without more context, it's difficult to gauge the true sentiment.
Positives
- Director's acquisition of shares may signal confidence in the company's future performance.
Industry Context
Form 4 filings are routine disclosures required by the SEC when insiders such as directors and officers trade in their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/28/2019 | Date Stock Appreciation Right was granted. |
| 05/23/2024 | Date of transaction: acquisition of common stock. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
| 08/28/2028 | 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.