Form 4: Stock Yards Bancorp President Sells Shares in Recent Transaction
SEC Form 4 Filing
Philip Poindexter, President of Stock Yards Bancorp, sold 3,419 shares of common stock at $75.55 per share on November 22, 2024.
Summary
- Philip Poindexter, President of Stock Yards Bancorp, sold 3,419 shares of common stock on November 22, 2024.
- The sale price was $75.55 per share.
- Following the transaction, Mr. Poindexter directly owns 51,331 shares of common stock.
- He also indirectly owns 14,522 shares through a 401k/ESOP.
- Mr. Poindexter holds multiple stock appreciation rights (SARs) with various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a stock sale by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, which is required when company insiders trade their company's stock. It provides transparency into the transactions of key personnel.
Comparison to Industry Standards
- Form 4 filings are a common occurrence across all publicly traded companies, including financial institutions like Stock Yards Bancorp.
- The sale of shares by an executive is not unusual and can be for various personal financial reasons.
- The number of shares sold is relatively small compared to the total outstanding shares of the company.
Stakeholder Impact
- The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant impact on the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 03/21/2018 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 10/01/2019 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/19/2020 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/25/2021 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/25/2022 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/14/2023 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/13/2024 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 11/22/2024 | Date of the stock sale by Philip Poindexter. |
| 02/12/2025 | Date exercisable for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/20/2028 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 03/21/2027 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 10/01/2028 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/19/2029 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/25/2030 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/25/2031 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/14/2032 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/13/2033 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
| 02/12/2034 | Expiration date for one of the Stock Appreciation Rights held by Philip Poindexter. |
Keywords
Stock Yards Bancorp, Philip Poindexter, stock sale, insider trading, Form 4, stock appreciation rights, SYBT
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