Form 4: Stock Yards Bancorp EVP Boosts Stake
Insider Transaction Report
Executive Vice President Michael Croce reported a net acquisition of 480 shares of Stock Yards Bancorp common stock.
Summary
- Executive Vice President Michael Croce reported transactions involving Stock Yards Bancorp, Inc. (SYBT) common stock.
- On March 23, 2026, Mr. Croce acquired 770 shares of common stock at a price of $64.46 per share.
- Concurrently, Mr. Croce disposed of 290 shares of common stock at $64.46 per share, likely for tax withholding purposes related to the acquisition.
- Following these transactions, Mr. Croce directly beneficially owns 25,338 shares of common stock.
- Mr. Croce also indirectly owns 8,884 shares of common stock through a 401k/ESOP.
- The filing also details Mr. Croce's holdings of ten Stock Appreciation Rights (SARs) with various exercise prices and expiration dates, ranging from $35.90 to $75.21.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal. A net acquisition of shares by an Executive Vice President suggests management confidence in the company's prospects, despite the concurrent tax-related sale.
Positives
- Executive Vice President Michael Croce made a net acquisition of 480 shares of common stock, indicating continued confidence in the company.
- The acquisition price of $64.46 per share reflects a specific valuation at the time of the transaction.
Negatives
- A portion of shares (290) was disposed of, likely for tax purposes, which is a common occurrence with equity awards but reduces direct ownership.
Future Outlook
This Form 4 filing does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
StockSavvy.ai notes that insider transaction filings like this Form 4 provide transparency into executive stock ownership changes, which can sometimes signal management's confidence in the company's future. While a single transaction is not definitive, a net acquisition by an Executive Vice President is generally viewed as a positive indicator within the financial services sector.
Stakeholder Impact
- Shareholders may view the net acquisition of shares by an Executive Vice President as a positive sign of management's belief in the company's value, potentially influencing investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/21/2018 | Grant date for Stock Appreciation Right with an exercise price of $40, expiring 03/21/2027. |
| 02/20/2019 | Grant date for Stock Appreciation Right with an exercise price of $35.90, expiring 02/20/2028. |
| 02/19/2020 | Grant date for Stock Appreciation Right with an exercise price of $36.65, expiring 02/19/2029. |
| 02/25/2021 | Grant date for Stock Appreciation Right with an exercise price of $37.30, expiring 02/25/2030. |
| 02/25/2022 | Grant date for Stock Appreciation Right with an exercise price of $50.71, expiring 02/25/2031. |
| 02/14/2023 | Grant date for Stock Appreciation Right with an exercise price of $54.91, expiring 02/14/2032. |
| 02/13/2024 | Grant date for Stock Appreciation Right with an exercise price of $60.76, expiring 02/13/2033. |
| 02/12/2025 | Grant date for Stock Appreciation Right with an exercise price of $47.95, expiring 02/12/2034. |
| 02/10/2026 | Grant date for Stock Appreciation Right with an exercise price of $75.21, expiring 02/10/2035. |
| 03/23/2026 | Transaction date for acquisition and disposition of common stock. |
| 02/19/2027 | Grant date for Stock Appreciation Right with an exercise price of $68.33, expiring 02/19/2036. |
| 03/24/2026 | Signature date of the reporting person's power of attorney. |
Recommendation
holdThe net acquisition of shares by an Executive Vice President is a positive signal of insider confidence. However, as a single transaction, it typically warrants a 'hold' recommendation for seasoned investors, suggesting continued monitoring of the company's performance and broader market conditions rather than an immediate strong buy or sell action.
Keywords
Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Michael Croce, Executive Vice President, Common Stock, Stock Appreciation Rights, Equity Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.