Form 4: Stock Yards Bancorp President Exercises Stock Appreciation Rights and Disposes of Shares
SEC Form 4 Filing
Philip Poindexter, President of Stock Yards Bancorp, exercised stock appreciation rights and disposed of shares on July 26, 2024.
Summary
- On July 26, 2024, Philip Poindexter, President of Stock Yards Bancorp, exercised stock appreciation rights, acquiring 8,098 shares of common stock at $22.96 per share.
- On the same day, Poindexter disposed of 5,283 shares at $63.27 per share.
- Following these transactions, Poindexter directly owns 54,146 shares of common stock and indirectly owns 14,522 shares through a 401k/ESOP.
- Poindexter also holds various stock appreciation rights with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which doesn't inherently convey positive or negative sentiment. It's a factual report of stock appreciation rights being exercised and shares being disposed of.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal given the size of the transactions relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right with expiration date 02/20/2028 and exercise price of $35.9 |
| 03/17/2016 | Date of Stock Appreciation Right with expiration date 03/17/2025 and exercise price of $22.96 |
| 03/15/2017 | Date of Stock Appreciation Right with expiration date 03/15/2026 and exercise price of $25.76 |
| 03/21/2018 | Date of Stock Appreciation Right with expiration date 03/21/2027 and exercise price of $40 |
| 10/01/2019 | Date of Stock Appreciation Right with expiration date 10/01/2028 and exercise price of $39.32 |
| 02/19/2020 | Date of Stock Appreciation Right with expiration date 02/19/2029 and exercise price of $36.65 |
| 02/25/2021 | Date of Stock Appreciation Right with expiration date 02/25/2030 and exercise price of $37.3 |
| 02/25/2022 | Date of Stock Appreciation Right with expiration date 02/25/2031 and exercise price of $50.71 |
| 02/14/2023 | Date of Stock Appreciation Right with expiration date 02/14/2032 and exercise price of $54.91 |
| 02/13/2024 | Date of Stock Appreciation Right with expiration date 02/13/2033 and exercise price of $60.76 |
| 02/12/2025 | Date of Stock Appreciation Right with expiration date 02/12/2034 and exercise price of $47.95 |
| 07/26/2024 | Philip Poindexter exercised stock appreciation rights and disposed of shares. |
| 07/30/2024 | Date of signature for the Form 4 filing. |
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