Form 4: Stock Yards Bancorp President Philip Poindexter Reports Transactions in Company Stock
SEC Form 4
Philip Poindexter, President of Stock Yards Bancorp, reports acquisition and disposal of company stock on March 25, 2024.
Summary
- On March 25, 2024, Philip Poindexter, President of Stock Yards Bancorp, engaged in transactions involving the company's common stock.
- Poindexter acquired 8,019 shares at a price of $44.89 per share.
- He also disposed of 3,692 shares at the same price of $44.89 per share.
- Following these transactions, Poindexter directly owns 51,331 shares of Stock Yards Bancorp.
- He also indirectly owns 14,522 shares through a 401k/ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions without indicating a clear positive or negative outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in the financial industry.
- Comparing the trading activity of Stock Yards Bancorp's executives with those of similar regional banks (e.g., Fifth Third Bancorp, PNC Financial Services) can provide a broader context.
- Analyzing the ratio of stock acquisitions to disposals by insiders can offer insights into the overall sentiment surrounding the company's prospects.
Stakeholder Impact
- The reported transactions may influence investor sentiment regarding Stock Yards Bancorp.
- Transparency in insider trading activity helps maintain investor confidence.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date of Stock Appreciation Right grant with expiration date 02/20/2028 and exercise price of $35.9 |
| 10/01/2019 | Date of Stock Appreciation Right grant with expiration date 10/01/2028 and exercise price of $39.32 |
| 02/19/2020 | Date of Stock Appreciation Right grant with expiration date 02/19/2029 and exercise price of $36.65 |
| 02/25/2021 | Date of Stock Appreciation Right grant with expiration date 02/25/2030 and exercise price of $37.3 |
| 02/25/2022 | Date of Stock Appreciation Right grant with expiration date 02/25/2031 and exercise price of $50.71 |
| 02/14/2023 | Date of Stock Appreciation Right grant with expiration date 02/14/2032 and exercise price of $54.91 |
| 02/13/2024 | Date of Stock Appreciation Right grant with expiration date 02/13/2033 and exercise price of $60.76 |
| 02/12/2025 | Date of Stock Appreciation Right grant with expiration date 02/12/2034 and exercise price of $47.95 |
| 03/25/2024 | Date of common stock acquisition and disposal. |
| 03/27/2024 | Date of signature on the Form 4 filing. |
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