Form 4: Stock Yards Bancorp Executive Vice President Acquires Stock Appreciation Rights
SEC Form 4
Michael Rehm, Executive Vice President of Stock Yards Bancorp, reports acquisition of stock appreciation rights.
Summary
- Michael Rehm, an Executive Vice President at Stock Yards Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 2,447 stock appreciation rights (SARs) with an exercise price of $75.21, exercisable from February 10, 2026, and expiring on February 10, 2035.
- These SARs are based on 2,447 shares of Stock Yards Bancorp common stock.
- Rehm also directly owns 16,927 shares of common stock and indirectly owns 2,482 shares through a 401K/ESOP.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing indicating an executive's acquisition of stock appreciation rights, which is a common form of compensation. It doesn't inherently indicate positive or negative performance.
Positives
- The acquisition of stock appreciation rights by an executive could be seen as a positive sign, aligning the executive's interests with those of the shareholders.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- The acquisition of stock appreciation rights aligns the executive's interests with those of the shareholders, potentially incentivizing performance that benefits shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Date exercisable for Stock Appreciation Right with an expiration date of 02/19/2029 and an exercise price of $36.65 |
| 02/25/2021 | Date exercisable for Stock Appreciation Right with an expiration date of 02/25/2030 and an exercise price of $37.3 |
| 02/25/2022 | Date exercisable for Stock Appreciation Right with an expiration date of 02/25/2031 and an exercise price of $50.71 |
| 02/14/2023 | Date exercisable for Stock Appreciation Right with an expiration date of 02/14/2032 and an exercise price of $54.91 |
| 02/13/2024 | Date exercisable for Stock Appreciation Right with an expiration date of 02/13/2033 and an exercise price of $60.76 |
| 02/10/2025 | Date of the earliest transaction reported; acquisition of stock appreciation rights. |
| 02/12/2025 | Date exercisable for Stock Appreciation Right with an expiration date of 02/12/2034 and an exercise price of $47.95 |
| 02/12/2025 | Date of signature for the report. |
| 02/10/2026 | Date exercisable for Stock Appreciation Right with an expiration date of 02/10/2035 and an exercise price of $75.21 |
| 02/19/2029 | Expiration date for Stock Appreciation Right with an exercise price of $36.65 |
| 02/25/2030 | Expiration date for Stock Appreciation Right with an exercise price of $37.3 |
| 02/25/2031 | Expiration date for Stock Appreciation Right with an exercise price of $50.71 |
| 02/14/2032 | Expiration date for Stock Appreciation Right with an exercise price of $54.91 |
| 02/13/2033 | Expiration date for Stock Appreciation Right with an exercise price of $60.76 |
| 02/12/2034 | Expiration date for Stock Appreciation Right with an exercise price of $47.95 |
| 02/10/2035 | Expiration date for Stock Appreciation Right with an exercise price of $75.21 |
Keywords
Stock Yards Bancorp, SYBT, Form 4, Stock Appreciation Rights, Beneficial Ownership, Executive Vice President, Michael Rehm
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