Form 4: Stock Yards Bancorp Executive Vice President Shannon Budnick Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Shannon Budnick of Stock Yards Bancorp, Inc. reports the disposition of common stock to cover tax obligations related to equity awards.
Summary
- On February 7, 2025, Shannon Budnick, an Executive Vice President at Stock Yards Bancorp, Inc. [SYBT], reported a transaction involving the company's common stock.
- Budnick disposed of 45 shares of common stock at a price of $76.16 per share.
- This transaction was to cover tax obligations related to equity awards.
- Following the transaction, Budnick directly owns 7,870 shares of Stock Yards Bancorp common stock.
- Budnick also indirectly owns 235 shares through a KSOP-fbo (Employee Stock Ownership Plan).
- Budnick also holds derivative securities in the form of stock appreciation rights (SARs) for 7,500 shares with an exercise price of $54.92, expiring on January 3, 2034, and 2,866 shares with an exercise price of $47.95, expiring on February 12, 2034.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations and does not indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to equity compensation, which is a common practice.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 01/03/2025 | Date exercisable for Stock Appreciation Right with exercise price of $54.92 |
| 02/07/2025 | Date of common stock transaction (disposal of 45 shares). |
| 02/10/2025 | Date of signature for the Form 4 filing. |
| 02/12/2025 | Date exercisable for Stock Appreciation Right with exercise price of $47.95 |
| 01/03/2034 | Expiration date for Stock Appreciation Right with exercise price of $54.92 |
| 02/12/2034 | Expiration date for Stock Appreciation Right with exercise price of $47.95 |
Keywords
Stock Yards Bancorp, SYBT, Shannon Budnick, Executive Vice President, Form 4, Stock Transaction, Beneficial Ownership, Common Stock, Stock Appreciation Rights, KSOP
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