Form 4: Stock Yards Bancorp Executive Vice President Michael Croce Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Michael Croce of Stock Yards Bancorp reports acquisition and disposal of common stock, along with holdings in stock appreciation rights.
Summary
- Michael Croce, an Executive Vice President at Stock Yards Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 25, 2024, Croce acquired 3,721 shares of common stock at $44.89 per share.
- On the same day, Croce disposed of 1,769 shares of common stock at $44.89 per share.
- Following these transactions, Croce directly owns 24,875 shares of common stock and indirectly owns 8,378 shares through a 401k/ESOP.
- Croce also holds various stock appreciation rights (SARs) with different exercise prices and expiration dates, entitling him to acquire shares of common stock.
- The SARs have exercise prices ranging from $19.44 to $60.76 and expire between 2024 and 2034.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document primarily reports transactions. The acquisition could be seen as slightly positive, while the disposal could be seen as slightly negative. Without additional context, it's difficult to assess the overall impact.
Positives
- The acquisition of shares by an executive could be interpreted as a positive signal about the company's prospects.
Negatives
- The disposal of shares by an executive could be interpreted as a negative signal about the company's prospects.
Risks
- Executive stock transactions can be influenced by various personal financial factors and may not always reflect the company's performance or future prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's view of the company's prospects.
Comparison to Industry Standards
- Comparing the executive's transactions to those of peers at similar regional banks (e.g., First Financial Bancorp, WesBanco) could provide context.
- Analyzing the ratio of stock ownership to salary and overall compensation against industry averages can offer insights into alignment with shareholder interests.
Stakeholder Impact
- Shareholders may interpret the executive's stock transactions as a signal of confidence or concern regarding the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 06/24/2015 | Date of Stock Appreciation Right with exercise price of $19.44 and expiration date of 06/24/2024 |
| 03/17/2016 | Date of Stock Appreciation Right with exercise price of $22.96 and expiration date of 03/17/2025 |
| 03/15/2017 | Date of Stock Appreciation Right with exercise price of $25.76 and expiration date of 03/15/2026 |
| 03/21/2018 | Date of Stock Appreciation Right with exercise price of $40 and expiration date of 03/21/2027 |
| 02/20/2019 | Date of Stock Appreciation Right with exercise price of $35.9 and expiration date of 02/20/2028 |
| 02/19/2020 | Date of Stock Appreciation Right with exercise price of $36.65 and expiration date of 02/19/2029 |
| 02/25/2021 | Date of Stock Appreciation Right with exercise price of $37.3 and expiration date of 02/25/2030 |
| 02/25/2022 | Date of Stock Appreciation Right with exercise price of $50.71 and expiration date of 02/25/2031 |
| 02/14/2023 | Date of Stock Appreciation Right with exercise price of $54.91 and expiration date of 02/14/2032 |
| 02/13/2024 | Date of Stock Appreciation Right with exercise price of $60.76 and expiration date of 02/13/2033 |
| 02/12/2025 | Date of Stock Appreciation Right with exercise price of $47.95 and expiration date of 02/12/2034 |
| 03/25/2024 | Date of common stock acquisition and disposal transactions. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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