Form 4: SYBT Director Arvin Bishop Granted 828 Restricted Stock Units
Insider Transaction Report
Stock Yards Bancorp Director Arvin Bishop received a grant of 828 common stock restricted units, which will vest over one year.
Summary
- Director Arvin Shannon Bishop of Stock Yards Bancorp, Inc. (SYBT) acquired 828 shares of common stock.
- The acquisition occurred on January 2, 2026, and was a restricted stock unit (RSU) grant with a one-year vesting period.
- Following this transaction, Arvin Bishop beneficially owns 6,366 shares of common stock.
- The filing also notes ownership of 1,000 Stock Appreciation Rights (SARs) with an exercise price of $47.17, granted on July 20, 2022, and expiring on July 20, 2031.
- The transaction was made pursuant to a Rule 10b5-1 plan.
Sentiment
Score: 7
Explanation: The grant of restricted stock units to a director is generally a positive signal, as it aligns management's interests with shareholders. It's a routine compensation event, not indicative of extraordinary news, hence a moderately positive score.
Positives
- The grant of restricted stock units aligns the director's interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
- The transaction was made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged, non-discretionary transaction.
Negatives
- No specific negatives are apparent from this routine insider compensation filing.
Risks
- The value of the restricted stock units and Stock Appreciation Rights is subject to the market price fluctuations of Stock Yards Bancorp, Inc. common stock.
Future Outlook
The restricted stock units granted to Director Arvin Bishop are subject to a one-year vesting period, indicating future equity ownership contingent on continued service.
Industry Context
This filing represents a routine insider transaction, common across all industries, where directors receive equity compensation to align their long-term interests with company performance and shareholder value.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Attorney-in-fact for Section 16 and Rule 144 reporting | NA | Vycki Seigle | 09/22/2025 | Appointment to execute and file SEC forms on behalf of Director Arvin Shannon Bishop. |
| Attorney-in-fact for Section 16 and Rule 144 reporting | NA | Nathan Berger | 09/22/2025 | Appointment to execute and file SEC forms on behalf of Director Arvin Shannon Bishop. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Director Arvin Shannon Bishop granted a Limited Power of Attorney to Vycki Seigle and Nathan Berger to handle Section 16(a) and Rule 144 reporting obligations. | 09/22/2025 | Enhances efficiency and compliance for insider reporting requirements by delegating filing responsibilities to designated attorneys-in-fact. |
Stakeholder Impact
- Shareholders: The equity grant aligns the director's financial incentives with shareholder interests, potentially fostering long-term value creation.
Next Steps
- The 828 restricted stock units will vest after one year from the grant date.
Key Dates
| Date | Description |
|---|---|
| 07/20/2022 | Grant date for Stock Appreciation Right. |
| 09/22/2025 | Effective date of Limited Power of Attorney for Section 16 and Rule 144 reporting obligations. |
| 01/02/2026 | Transaction date for the acquisition of 828 common stock restricted units. |
| 01/06/2026 | Signature date of the Form 4 filing. |
| 07/20/2031 | Expiration date for Stock Appreciation Right. |
Keywords
Stock Yards Bancorp, SYBT, Form 4, Insider Transaction, Restricted Stock Unit, RSU, Stock Appreciation Right, SAR, Director Compensation, Equity Grant, Rule 10b5-1
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