Form 4: Stock Yards Bancorp Director Paul J. Bickel III Reports Acquisition of Common Stock

Director Paul J. Bickel III reports acquiring common stock and restricted stock units in Stock Yards Bancorp, Inc.

Summary

• On January 2, 2025, Paul J. Bickel III, a director of Stock Yards Bancorp, Inc., acquired 16.569 shares of common stock at $70.32 per share.
• Bickel also acquired 767 shares of common stock through a restricted stock unit grant with one-year vesting.
• Following these transactions, Bickel directly owns 14,076 shares of common stock and indirectly owns 9,175 shares through a Directors' Deferred Comp Plan, 11,267 shares held in an Irrevocable Trust, and 580 shares held in a GST Exempt Trust.
• Bickel also owns 1,000 Stock Appreciation Rights (SARs) with an exercise price of $38.3, granted on January 16, 2019, and expiring on January 16, 2028.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's stock purchase suggests confidence, but it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge sentiment and potential future performance.

Comparison to Industry Standards

• Monitoring insider transactions is a common practice in financial analysis.
• Comparing the volume and nature of insider transactions (purchases vs. sales) to those of peer companies can provide insights into relative valuation and management confidence.
• For example, if other regional bank directors are selling shares while Bickel is buying, it could indicate a relatively more positive outlook for Stock Yards Bancorp.

Stakeholder Impact

• The stock purchase by a director could positively influence shareholder sentiment.

Key Dates