Form 4: Stock Yards Bancorp Executive Vice President Thomas Stinnett Reports Stock and Derivative Transactions
SEC Form 4 Filing
Executive Vice President Thomas C. Stinnett of Stock Yards Bancorp, Inc. reports acquisition of stock appreciation rights and holdings of common stock both directly and indirectly through a spouse and KSOP.
Summary
- Thomas C. Stinnett, an Executive Vice President at Stock Yards Bancorp, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 3,426 Stock Appreciation Rights (SARs) at a price of $75.21 on February 10, 2025, exercisable from February 10, 2026, and expiring on February 10, 2035.
- Stinnett directly owns 60,674 shares of common stock and indirectly owns 488 shares through a spouse and 13,496 shares through a KSOP.
- The filing also lists various other SARs held by Stinnett with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports transactions and holdings, without expressing any particular sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to monitor the actions of key personnel and their alignment with shareholder interests.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The details disclosed are consistent with SEC regulations and reporting requirements.
- Similar filings can be observed across the financial industry for companies like JP Morgan Chase, Bank of America, and Wells Fargo, where executives routinely report transactions in company stock and derivatives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key executive.
- It helps stakeholders understand the alignment of management's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/15/2017 | Date exercisable for some Stock Appreciation Rights |
| 03/17/2016 | Date exercisable for some Stock Appreciation Rights |
| 03/21/2018 | Date exercisable for some Stock Appreciation Rights |
| 02/20/2019 | Date exercisable for some Stock Appreciation Rights |
| 02/19/2020 | Date exercisable for some Stock Appreciation Rights |
| 05/01/2020 | Date exercisable for some Stock Appreciation Rights |
| 02/25/2021 | Date exercisable for some Stock Appreciation Rights |
| 02/25/2022 | Date exercisable for some Stock Appreciation Rights |
| 02/14/2023 | Date exercisable for some Stock Appreciation Rights |
| 02/13/2024 | Date exercisable for some Stock Appreciation Rights |
| 02/10/2025 | Date of transaction for Stock Appreciation Rights |
| 02/12/2025 | Date of signature for the report |
| 02/10/2026 | Date exercisable for some Stock Appreciation Rights |
| 03/15/2026 | Expiration date for some Stock Appreciation Rights |
| 03/17/2025 | Expiration date for some Stock Appreciation Rights |
| 03/21/2027 | Expiration date for some Stock Appreciation Rights |
| 02/20/2028 | Expiration date for some Stock Appreciation Rights |
| 02/19/2029 | Expiration date for some Stock Appreciation Rights |
| 05/01/2029 | Expiration date for some Stock Appreciation Rights |
| 02/25/2030 | Expiration date for some Stock Appreciation Rights |
| 02/25/2031 | Expiration date for some Stock Appreciation Rights |
| 02/14/2032 | Expiration date for some Stock Appreciation Rights |
| 02/13/2033 | Expiration date for some Stock Appreciation Rights |
| 02/12/2034 | Expiration date for some Stock Appreciation Rights |
| 02/10/2035 | Expiration date for some Stock Appreciation Rights |
Keywords
Form 4, Stock Yards Bancorp, Stock Appreciation Rights, Beneficial Ownership, Insider Trading, Thomas Stinnett, SYBT, Executive Vice President
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