Form 4: Stock Yards Bancorp Director Richard Lechleiter Reports Share Transactions

Director Richard Lechleiter of Stock Yards Bancorp reported a gift of 660 common shares and a change in indirect holdings through a trust.

Summary

• Richard Lechleiter, a director at Stock Yards Bancorp, filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• On January 27, 2025, Mr. Lechleiter gifted 660 shares of common stock to a charitable organization.
• Following the transaction, Mr. Lechleiter directly owns 4,832 shares of common stock.
• He also indirectly owns 27,904 shares through a Directors' Deferred Compensation Plan trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transactions are not indicative of any positive or negative sentiment towards the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The transactions reported are typical for directors and officers, including gifts of shares and changes in indirect holdings through trusts or deferred compensation plans.
• Similar filings are made by insiders at comparable financial institutions such as First Financial Bancorp and Old National Bancorp.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares relative to the total outstanding shares.
• The filing provides transparency to stakeholders regarding insider transactions.

Key Dates

Keywords

Stock Yards Bancorp, Richard Lechleiter, Form 4, Beneficial Ownership, Share Transaction, Director, Common Stock, Gift, Trust