Form 4: Stock Yards Bancorp Insider Transactions
Insider Transaction Report
Philip Poindexter, President of Stock Yards Bancorp, Inc., reported transactions involving the acquisition and disposition of company stock and stock appreciation rights.
Summary
- Philip Poindexter, President of Stock Yards Bancorp, Inc. (SYBT), reported several transactions on May 11, 2026.
- He acquired 4,968 shares of Common Stock at a price of $40 per share, increasing his directly held shares.
- He also disposed of 3,747 shares of Common Stock at $70.72 per share.
- Following these transactions, Poindexter beneficially owns 58,344 shares indirectly through a 401k/ESOP and 54,597 shares directly.
- The filing also details various stock appreciation rights (SARs) with different exercise prices and expiration dates, indicating Poindexter's long-term equity incentives.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports standard insider transactions without providing new financial performance data or strategic outlook.
Positives
- Acquisition of 4,968 shares of common stock at a price of $40 per share, potentially indicating confidence in the stock's future value.
- Significant number of stock appreciation rights held, suggesting a long-term incentive alignment with shareholders.
Negatives
- Disposition of 3,747 shares of common stock at $70.72 per share, which could indicate a need for liquidity or a decision to realize gains.
Risks
- The exercise price of some stock appreciation rights is significantly lower than the current market price, which could lead to substantial gains for the reporting person upon exercise.
- The disposition of shares could be interpreted as a negative signal by the market, depending on the underlying reasons not disclosed in the filing.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the banking and financial services sector, providing transparency on executive equity dealings.
Stakeholder Impact
- Shareholders: The disposition of shares by a key executive may lead to scrutiny, while the acquisition could be seen as a positive signal. The details of SARs highlight executive compensation structures.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Expiration date for a Stock Appreciation Right with an exercise price of $35.90. |
| 10/01/2019 | Expiration date for a Stock Appreciation Right with an exercise price of $39.32. |
| 02/19/2020 | Expiration date for a Stock Appreciation Right with an exercise price of $36.65. |
| 02/25/2021 | Expiration date for a Stock Appreciation Right with an exercise price of $37.30. |
| 02/25/2022 | Expiration date for a Stock Appreciation Right with an exercise price of $50.71. |
| 05/11/2026 | Transaction date for acquisition of 4,968 shares and disposition of 3,747 shares of Common Stock, and the grant of a Stock Appreciation Right. |
| 02/10/2035 | Expiration date for a Stock Appreciation Right with an exercise price of $75.21. |
| 02/19/2036 | Expiration date for a Stock Appreciation Right with an exercise price of $68.33. |
Keywords
SEC Form 4, Insider Trading, Stock Yards Bancorp, SYBT, Philip Poindexter, Stock Appreciation Rights, Beneficial Ownership, Equity Incentive
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