Form 4: Stock Yards Bancorp Executive Vice President Shannon Budnick Reports Stock Transactions

Executive Vice President Shannon Budnick of Stock Yards Bancorp reports the disposition of common stock to cover tax obligations related to stock appreciation rights.

Summary

• On February 4, 2025, Shannon Budnick, an Executive Vice President at Stock Yards Bancorp, disposed of 33 shares of common stock at a price of $74.85.
• Following this transaction, Budnick directly owns 7,964 shares of common stock.
• On February 5, 2025, Budnick disposed of 49 shares of common stock at a price of $76.77.
• Following this transaction, Budnick directly owns 7,915 shares of common stock.
• Budnick also indirectly owns 235 shares of common stock through a KSOP-fbo (401k) account.
• Budnick holds stock appreciation rights (SARs) for 7,500 shares exercisable from January 3, 2025, at an exercise price of $54.92, expiring on January 3, 2034.
• Budnick holds stock appreciation rights (SARs) for 2,866 shares exercisable from February 12, 2025, at an exercise price of $47.95, expiring on February 12, 2034.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and helps investors assess management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions are relatively small in volume, suggesting they are likely related to tax obligations or portfolio diversification rather than a significant change in sentiment.
• Comparable companies would have similar insider transaction disclosures, allowing investors to track trends in insider activity across the industry.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors, as they are routine insider transactions.

Key Dates

Keywords

Stock Yards Bancorp, Shannon Budnick, Executive Vice President, Form 4, Stock Appreciation Rights, Common Stock, Beneficial Ownership, Insider Trading