Form 4: Stock Yards Bancorp Executive Michael Newton Disposes of Shares Following Employment Termination

Michael Newton, Sr. Vice President of Stock Yards Bancorp, reports the disposal of 1,110 common stock shares due to employment termination.

Summary

• Michael Newton, a Senior Vice President at Stock Yards Bancorp, filed a Form 4 indicating changes in beneficial ownership.
• The report details the disposal of 1,110 shares of common stock on March 14, 2025, at a price of $0 per share.
• This disposal was a direct transaction and resulted from employment termination, leading to the forfeiture of unvested restricted stock.
• Following the transaction, Newton directly owns 1,971 shares of common stock.
• Newton also indirectly owns 302 shares of common stock through a 401k account.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative due to the employment termination and subsequent share disposal. It's a routine filing, but the context suggests a potential negative event for the individual.

Negatives

• Michael Newton's employment termination resulted in the disposal of 1,110 shares of Stock Yards Bancorp common stock.

Industry Context

Form 4 filings are standard disclosures required by the SEC when officers or directors of a publicly traded company buy or sell the company's stock. These filings provide transparency into insider transactions.

Stakeholder Impact

• Shareholders may be interested in insider transactions, although this particular transaction appears to be related to an individual's employment status rather than a strategic decision.

Key Dates