Form 4: Stock Yards Bancorp Executive Philip Poindexter Reports Transactions in Company Stock
SEC Form 4 Filing
Philip Poindexter, President of Stock Yards Bancorp, reports acquisition and disposal of company stock, along with holdings in stock appreciation rights.
Summary
- Philip Poindexter, President of Stock Yards Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 24, 2025, Poindexter acquired 1,726 shares of common stock at $70.66 per share.
- On the same day, Poindexter disposed of 781 shares of common stock at $70.66 per share.
- Following these transactions, Poindexter directly owns 52,276 shares of common stock.
- Poindexter also indirectly owns 14,795 shares of common stock through a 401k/ESOP.
- The report also details Poindexter's holdings in various stock appreciation rights (SARs) with different exercise prices and expiration dates, representing rights to acquire thousands of shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.
Comparison to Industry Standards
- Comparing Poindexter's transactions to those of executives at similar regional banks would provide context on whether these moves are typical or indicative of a specific trend.
- Analyzing the prevalence and terms of stock appreciation rights at peer institutions can benchmark Stock Yards Bancorp's compensation practices.
- Companies like Fifth Third Bancorp, PNC Financial Services, and U.S. Bancorp could be considered peers for comparison purposes.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's prospects.
- The transactions have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right |
| 03/21/2018 | Date of Stock Appreciation Right |
| 10/01/2019 | Date of Stock Appreciation Right |
| 02/19/2020 | Date of Stock Appreciation Right |
| 02/25/2021 | Date of Stock Appreciation Right |
| 02/25/2022 | Date of Stock Appreciation Right |
| 02/14/2023 | Date of Stock Appreciation Right |
| 02/13/2024 | Date of Stock Appreciation Right |
| 02/12/2025 | Date of Stock Appreciation Right |
| 03/24/2025 | Date of stock aquisition and disposal |
| 02/10/2026 | Date of Stock Appreciation Right |
| 03/21/2027 | Expiration Date of Stock Appreciation Right |
| 02/20/2028 | Expiration Date of Stock Appreciation Right |
| 10/01/2028 | Expiration Date of Stock Appreciation Right |
| 02/19/2029 | Expiration Date of Stock Appreciation Right |
| 02/25/2030 | Expiration Date of Stock Appreciation Right |
| 02/25/2031 | Expiration Date of Stock Appreciation Right |
| 02/14/2032 | Expiration Date of Stock Appreciation Right |
| 02/13/2033 | Expiration Date of Stock Appreciation Right |
| 02/12/2034 | Expiration Date of Stock Appreciation Right |
| 02/10/2035 | Expiration Date of Stock Appreciation Right |
Keywords
Form 4, Stock Yards Bancorp, SYBT, Philip Poindexter, Beneficial Ownership, Stock Appreciation Rights, Common Stock, Transactions, Insider Trading
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