Form 4: Stock Yards Bancorp Executive Vice President Michael Croce Reports Stock Option Exercise and Share Transactions
SEC Form 4
Michael Croce, an Executive Vice President at Stock Yards Bancorp, exercised stock appreciation rights and disposed of shares to cover the exercise cost and tax obligations.
Summary
- On June 21, 2024, Michael Croce, an Executive Vice President of Stock Yards Bancorp, exercised stock appreciation rights, acquiring 3,240 shares of common stock at a price of $19.44.
- Following the exercise, Croce disposed of 2,177 shares at $47.2 to cover the exercise cost and tax obligations.
- After these transactions, Croce directly owns 26,043 shares of Stock Yards Bancorp common stock.
- Croce also indirectly owns 8,378 shares through a 401k/ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions have no direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right grant with an exercise price of $35.9 and expiration date of 02/20/2028, underlying 3,162 common stock shares. |
| 06/24/2015 | Date of Stock Appreciation Right grant with an exercise price of $19.44 and expiration date of 06/24/2024, underlying 3,240 common stock shares. |
| 03/17/2016 | Date of Stock Appreciation Right grant with an exercise price of $22.96 and expiration date of 03/17/2025, underlying 4,236 common stock shares. |
| 03/15/2017 | Date of Stock Appreciation Right grant with an exercise price of $25.76 and expiration date of 03/15/2026, underlying 5,979 common stock shares. |
| 03/21/2018 | Date of Stock Appreciation Right grant with an exercise price of $40 and expiration date of 03/21/2027, underlying 3,222 common stock shares. |
| 02/19/2020 | Date of Stock Appreciation Right grant with an exercise price of $36.65 and expiration date of 02/19/2029, underlying 3,226 common stock shares. |
| 02/25/2021 | Date of Stock Appreciation Right grant with an exercise price of $37.3 and expiration date of 02/25/2030, underlying 3,801 common stock shares. |
| 02/25/2022 | Date of Stock Appreciation Right grant with an exercise price of $50.71 and expiration date of 02/25/2031, underlying 2,261 common stock shares. |
| 02/14/2023 | Date of Stock Appreciation Right grant with an exercise price of $54.91 and expiration date of 02/14/2032, underlying 2,571 common stock shares. |
| 02/13/2024 | Date of Stock Appreciation Right grant with an exercise price of $60.76 and expiration date of 02/13/2033, underlying 2,087 common stock shares. |
| 02/12/2025 | Date of Stock Appreciation Right grant with an exercise price of $47.95 and expiration date of 02/12/2034, underlying 2,496 common stock shares. |
| 06/21/2024 | Date of the reported transaction: exercise of stock appreciation rights and disposal of shares. |
| 06/25/2024 | Date of signature on the Form 4 filing. |
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