Form 4: Stock Yards Bancorp Director John Schutte Reports Acquisition of Shares
SEC Form 4 Filing
Director John Schutte reports acquisition of 111 shares of Stock Yards Bancorp, Inc. at $46.15 per share.
Summary
- On April 26, 2024, John Schutte, a director of Stock Yards Bancorp, Inc., acquired 111 shares of common stock at a price of $46.15 per share.
- Following the transaction, Schutte directly owns 82,173 shares of common stock.
- Schutte also indirectly owns 6,707 shares through a trust and a director deferred compensation plan.
- Additionally, Schutte holds 1,000 stock appreciation rights related to common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports a transaction.
Positives
- The director's purchase of shares could be seen as a positive signal, indicating confidence in the company's future performance.
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. These filings are closely watched by investors seeking insights into management's sentiment and potential future performance.
Stakeholder Impact
- Shareholders may view the director's purchase as a positive signal.
Key Dates
| Date | Description |
|---|---|
| 08/28/2019 | Date Stock Appreciation Right was granted. |
| 04/26/2024 | Date of the transaction (acquisition of shares). |
| 04/29/2024 | Date of signature on the Form 4 filing. |
| 08/28/2028 | Expiration date of the Stock Appreciation Right. |
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