Form 4: Stock Yards Bancorp EVP Boosts Stake
Insider Transaction Report
Stock Yards Bancorp Executive Vice President William Dishman reported an increase in his beneficial ownership of common stock through recent transactions.
Summary
- William Dishman, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), reported transactions on March 23, 2026.
- Acquired 807 shares of common stock at a price of $64.46 per share.
- Disposed of 337 shares of common stock at $64.46 per share, likely for tax withholding purposes related to an equity award.
- Following these transactions, Dishman directly owns 32,064 shares of common stock.
- Indirect holdings include 3,300 shares owned by his spouse and 8,064 shares held in a 401k/ESOP account.
- Total beneficial ownership (direct and indirect) amounts to 43,428 shares of common stock.
- Holds various Stock Appreciation Rights (SARs) with exercise prices ranging from $35.90 to $75.21 and expiration dates between 2027 and 2035.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as an executive increased their direct ownership, suggesting confidence in the company's value, despite a portion of shares being disposed for tax purposes.
Positives
- Net acquisition of 470 shares of common stock by an Executive Vice President, indicating continued confidence in the company's future prospects.
Future Outlook
This filing, a Form 4, does not contain forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that insider purchases, even modest ones, can signal management's confidence in the company's future prospects, particularly in the banking sector where stability and growth are key indicators. This transaction by an Executive Vice President suggests a positive internal view of Stock Yards Bancorp's valuation and strategic direction.
Comparison to Industry Standards
- Insider transactions are a common occurrence across all industries. A net purchase by an executive, even if partially offset by tax-related sales, is generally viewed more favorably by the market than net sales, aligning with typical interpretations of insider activity.
- No specific comparable companies, projects, or results are mentioned in the filing to allow for a detailed, direct comparison to industry benchmarks.
Related Party Transactions
- The reported transactions involve an executive of Stock Yards Bancorp, Inc., William Dishman, and are therefore considered related party dealings in the context of insider reporting.
Stakeholder Impact
- Shareholders may interpret the net insider purchase as a positive sign of management confidence in the company's performance and future, potentially bolstering investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/21/2018 | Grant date for Stock Appreciation Rights with an exercise price of $40.00, expiring 03/21/2027. |
| 02/20/2019 | Grant date for Stock Appreciation Rights with an exercise price of $35.90, expiring 02/20/2028. |
| 02/19/2020 | Grant date for Stock Appreciation Rights with an exercise price of $36.65, expiring 02/19/2029. |
| 02/25/2021 | Grant date for Stock Appreciation Rights with an exercise price of $37.30, expiring 02/25/2030. |
| 02/25/2022 | Grant date for Stock Appreciation Rights with an exercise price of $50.71, expiring 02/25/2031. |
| 02/14/2023 | Grant date for Stock Appreciation Rights with an exercise price of $54.91, expiring 02/14/2032. |
| 02/13/2024 | Grant date for Stock Appreciation Rights with an exercise price of $60.76, expiring 02/13/2033. |
| 02/14/2025 | Grant date for Stock Appreciation Rights with an exercise price of $47.95, expiring 02/14/2034. |
| 02/10/2026 | Grant date for Stock Appreciation Rights with an exercise price of $75.21, expiring 02/10/2035. |
| 03/23/2026 | Transaction date for the acquisition and disposition of common stock. |
| 03/24/2026 | Signature date of the reporting person. |
Keywords
Stock Yards Bancorp, SYBT, insider transaction, Form 4, beneficial ownership, common stock, stock appreciation rights, William Dishman, executive vice president, banking, financial services
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