Form 4: Stock Yards Bancorp Exec Reports Transactions
Insider Transaction Report
Thomas C. Stinnett, Executive Vice President at Stock Yards Bancorp, Inc., reported transactions involving the acquisition and disposition of common stock and stock appreciation rights.
Summary
- Thomas C. Stinnett, an Executive Vice President at Stock Yards Bancorp, Inc. (SYBT), filed a Form 4 detailing changes in his beneficial ownership of company securities.
- On June 12, 2026, Stinnett acquired 3,606 shares of common stock at a price of $40 per share, increasing his directly held shares to 68,563.
- The same day, he disposed of 2,646 shares of common stock at $75.58 per share, resulting in 65,943 directly held shares.
- The filing also details various stock appreciation rights (SARs) held by Stinnett, with exercise prices ranging from $25.76 to $75.21 and expiration dates extending to 2036.
- An explanation notes that shares acquired through automatic dividend reinvestment are included in the reported figures.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions (both acquisition and disposition) without providing new strategic information or financial performance data.
Positives
- Acquisition of 3,606 shares of common stock at a price of $40 per share, indicating a potential belief in the stock's value at that price point.
- The continued holding of a significant number of shares (65,943) after the disposition suggests a long-term commitment to the company.
- The presence of numerous stock appreciation rights with varying exercise prices and future expiration dates indicates a long-term incentive structure for management.
Negatives
- Disposition of 2,646 shares of common stock at a price of $75.58 per share, which could suggest a realization of gains or a need for liquidity.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in publicly traded companies, providing transparency into executive and director dealings with company stock. These reports are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership.
Stakeholder Impact
- Shareholders: The disposition of shares may be interpreted in various ways, but the acquisition of shares at a lower price and the continued holding of a substantial number of shares suggest ongoing confidence from management.
- Employees: The stock appreciation rights indicate a long-term incentive program for management, aligning their interests with the company's performance over time.
- Creditors: No direct impact on creditors is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 06/12/2026 | Transaction Date for acquisition and disposition of common stock and stock appreciation rights. |
| 03/15/2017 | Expiration date for a Stock Appreciation Right. |
| 03/21/2018 | Date exercisable for a Stock Appreciation Right. |
| 02/20/2019 | Date exercisable for a Stock Appreciation Right. |
| 02/19/2020 | Date exercisable for a Stock Appreciation Right. |
| 05/01/2020 | Date exercisable for a Stock Appreciation Right. |
| 02/25/2021 | Date exercisable for a Stock Appreciation Right. |
| 02/25/2022 | Date exercisable for a Stock Appreciation Right. |
| 02/14/2023 | Date exercisable for a Stock Appreciation Right. |
| 02/13/2024 | Date exercisable for a Stock Appreciation Right. |
| 02/12/2025 | Date exercisable for a Stock Appreciation Right. |
| 02/10/2026 | Date exercisable for a Stock Appreciation Right. |
| 02/19/2027 | Date exercisable for a Stock Appreciation Right. |
| 03/15/2026 | Expiration date for a Stock Appreciation Right. |
| 03/21/2027 | Expiration date for a Stock Appreciation Right. |
| 02/20/2028 | Expiration date for a Stock Appreciation Right. |
| 02/19/2029 | Expiration date for a Stock Appreciation Right. |
| 05/01/2029 | Expiration date for a Stock Appreciation Right. |
| 02/25/2030 | Expiration date for a Stock Appreciation Right. |
| 02/25/2031 | Expiration date for a Stock Appreciation Right. |
| 02/14/2032 | Expiration date for a Stock Appreciation Right. |
| 02/13/2033 | Expiration date for a Stock Appreciation Right. |
| 02/12/2034 | Expiration date for a Stock Appreciation Right. |
| 02/10/2035 | Expiration date for a Stock Appreciation Right. |
| 02/19/2036 | Expiration date for a Stock Appreciation Right. |
| 06/15/2026 | Date of signature on the filing. |
Keywords
Form 4, SEC Filing, Stock Yards Bancorp, SYBT, Insider Trading, Beneficial Ownership, Stock Appreciation Rights, Common Stock, Executive Transactions
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