Form 4: Stock Yards Bancorp Executive Budnick Acquires Shares Through Stock Appreciation Rights
SEC Form 4 Filing
Executive Vice President Shannon Budnick reports acquisition of Stock Yards Bancorp shares through stock appreciation rights.
Summary
- Shannon Budnick, an Executive Vice President at Stock Yards Bancorp, reported a transaction on February 10, 2025.
- Budnick acquired 2,157 shares of common stock through Stock Appreciation Rights (SARs) with an exercise price of $75.21.
- These SARs become exercisable on February 10, 2026, and expire on February 10, 2035.
- Following the reported transaction, Budnick directly owns 7,870 shares of Stock Yards Bancorp common stock and indirectly owns 235 shares through KSOP-fbo Shannon Budnick.
- Budnick also holds derivative securities including 7,500 shares from Stock Appreciation Right with an exercise price of $54.92 expiring on 01/03/2034 and 2,866 shares from Stock Appreciation Right with an exercise price of $47.95 expiring on 02/12/2034.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of insider trading activity. The acquisition of shares could be seen as a slightly positive signal.
Positives
- Executive's acquisition of shares may signal confidence in the company's future performance.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. Acquisitions may be viewed positively.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Expiration date of Stock Appreciation Right with exercise price of $54.92 for 7,500 shares. |
| 02/10/2025 | Date of transaction: Acquisition of 2,157 shares through Stock Appreciation Rights. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
| 02/12/2025 | Expiration date of Stock Appreciation Right with exercise price of $47.95 for 2,866 shares. |
| 02/10/2026 | Stock Appreciation Rights become exercisable. |
| 01/03/2034 | Expiration date of Stock Appreciation Right with exercise price of $54.92 for 7,500 shares. |
| 02/12/2034 | Expiration date of Stock Appreciation Right with exercise price of $47.95 for 2,866 shares. |
| 02/10/2035 | Expiration date of Stock Appreciation Right with exercise price of $75.21 for 2,157 shares. |
Keywords
Stock Yards Bancorp, Shannon Budnick, Stock Appreciation Rights, Executive Vice President, Form 4, Insider Trading, Beneficial Ownership, SYBT
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