Form 4: Stock Yards Bancorp President Exercises Stock Appreciation Rights and Sells Shares
SEC Form 4 Filing
Philip Poindexter, President of Stock Yards Bancorp, exercised stock appreciation rights and sold shares, resulting in a change in his beneficial ownership.
Summary
- Philip Poindexter, President of Stock Yards Bancorp, executed transactions involving the company's stock on November 13, 2024.
- He exercised 9,469 stock appreciation rights at a price of $25.76 per share.
- Following the exercise, he sold 6,050 shares at $75.21 per share.
- After these transactions, Mr. Poindexter directly owns 54,750 shares of common stock and indirectly owns 14,522 shares through a 401k/ESOP.
- He also holds various stock appreciation rights with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral report of insider trading activity, with no inherent positive or negative sentiment. It is a routine filing.
Industry Context
This filing is a routine disclosure of insider transactions, which is common in the financial industry. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
- The exercise of stock appreciation rights and subsequent sale of shares is a common form of compensation for executives in the financial sector.
- The specific prices and quantities are unique to this transaction but the process is consistent with industry norms.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to be significant.
- The filing provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 03/15/2017 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 03/21/2018 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 10/01/2019 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/19/2020 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/25/2021 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/25/2022 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/14/2023 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/13/2024 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 11/13/2024 | Date of stock appreciation rights exercise and share sale by Philip Poindexter. |
| 02/12/2025 | Date of exercisability for some of the stock appreciation rights held by Philip Poindexter. |
| 02/20/2028 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 03/15/2026 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 03/21/2027 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 10/01/2028 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/19/2029 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/25/2030 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/25/2031 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/14/2032 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/13/2033 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 02/12/2034 | Expiration date for some of the stock appreciation rights held by Philip Poindexter. |
| 11/15/2024 | Date of signature for the Form 4 filing. |
Keywords
Stock Yards Bancorp, Stock Appreciation Rights, Insider Trading, Beneficial Ownership, Form 4, Equity Securities, Philip Poindexter
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