Form 4: Stock Yards Bancorp Director John Schutte Acquires Shares
SEC Form 4 Filing
Director John Schutte reports acquisition of Stock Yards Bancorp shares via trust and deferred compensation plan.
Summary
- On March 19, 2024, John Schutte, a director of Stock Yards Bancorp, acquired 98 shares of common stock at a price of $43.85 per share.
- Following the transaction, Schutte directly owns 82,173 shares of common stock.
- Schutte also indirectly owns 6,556 shares through a trust and deferred compensation plan.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The director's purchase is a mildly positive signal.
Positives
- Director's purchase may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.
Stakeholder Impact
- The transaction provides shareholders with insight into the director's investment activity.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of transaction: Acquisition of 98 shares of common stock. |
| 03/20/2024 | Date of signature on the Form 4 filing. |
| 08/28/2019 | Date exercisable for Stock Appreciation Right |
| 08/28/2028 | Expiration date for Stock Appreciation Right |
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