Form 4: SYBT Director Bickel Acquires Shares
Insider Transaction Report
Stock Yards Bancorp Director Paul J. Bickel III reported the acquisition of 101 shares of common stock at $67.91 per share.
Summary
- Director Paul J. Bickel III acquired 101 shares of Stock Yards Bancorp, Inc. common stock on October 24, 2025.
- The acquisition was priced at $67.91 per share.
- Following this transaction, Mr. Bickel beneficially owns a total of 36,100 shares of common stock.
- This total includes 15,078 shares indirectly held in a Trust Directors' Deferred Comp Plan (which includes shares from automatic dividend reinvestment), 9,175 shares indirectly held in an Irrevocable Trust, 11,267 shares held directly, and 580 shares indirectly held in a GST Exempt Trust.
- Mr. Bickel also holds 1,000 Stock Appreciation Rights (SARs) with an exercise price of $38.30, exercisable from January 16, 2019, and expiring on January 16, 2028.
Sentiment
Score: 6
Explanation: The acquisition of shares by a director can be viewed as a positive signal of confidence in the company's future, though the amount is relatively small and could be part of a routine compensation or reinvestment plan. It's a neutral-to-slightly positive event.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Management Comments
- The filing indicates that Vycki Seigle signed the Form 4 by Power of Attorney on behalf of Paul J. Bickel III.
Industry Context
This routine insider transaction reflects a director's personal investment activity in the company's stock. Such transactions are common and typically do not indicate broader industry trends unless they are part of a larger pattern of insider buying or selling across the sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Delegation of Authority | Paul J. Bickel III granted a Limited Power of Attorney to Vycki Seigle and Nathan Berger to execute Forms 3, 4, 5, and 144 on his behalf, ensuring timely and compliant SEC filings. | 09/22/2025 | This enhances administrative efficiency for SEC reporting obligations for the director. |
Stakeholder Impact
- Shareholders: The acquisition by a director may be interpreted as a sign of confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/16/2019 | Date Stock Appreciation Right became exercisable |
| 09/22/2025 | Date Limited Power of Attorney was executed by Paul J. Bickel III |
| 10/24/2025 | Date of common stock acquisition transaction |
| 10/28/2025 | Date Form 4 was signed and filed |
| 01/16/2028 | Expiration date of Stock Appreciation Right |
Recommendation
holdThis Form 4 filing reports a routine insider stock acquisition by a director. While insider buying can be a positive signal, the transaction size (101 shares) is relatively small and could be part of a compensation plan or dividend reinvestment. It does not provide sufficient new information to warrant a change in investment thesis or a strong buy/sell recommendation. Investors should consider this as a minor data point within their broader analysis of Stock Yards Bancorp, Inc.
Keywords
Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Director Stock Acquisition, Paul J Bickel III, Common Stock, Beneficial Ownership, Stock Appreciation Right
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.