Form 4: SYBT EVP Michael Rehm Reports New SAR Grant
Statement of Changes in Beneficial Ownership
Stock Yards Bancorp Executive Vice President Michael Rehm disclosed the acquisition of 2,899 Stock Appreciation Rights and updated his beneficial ownership of company shares.
Summary
- Michael Rehm, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), reported changes in his beneficial ownership.
- Rehm acquired 2,899 Stock Appreciation Rights (SARs) on February 19, 2026, with an exercise price of $68.33.
- These newly acquired SARs become exercisable on February 19, 2027, and expire on February 19, 2036.
- Following the reported transaction, Rehm beneficially owns 17,538 shares of Common Stock directly and 2,639 shares indirectly through a 401K/ESOP, totaling 20,177 shares.
- Rehm also holds a total of 24,556 Stock Appreciation Rights, including the newly acquired 2,899 SARs and previously granted tranches with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a slightly positive, routine disclosure. The grant of SARs aligns executive incentives with shareholder value, indicating continued commitment from a key executive.
Positives
- The grant of 2,899 Stock Appreciation Rights aligns executive compensation with shareholder value creation.
- Michael Rehm's continued beneficial ownership of 20,177 shares of common stock demonstrates ongoing commitment to the company.
Negatives
- No specific negative information is contained within this routine insider ownership disclosure.
Risks
- NA
Future Outlook
NA
Industry Context
StockSavvy.ai notes that routine Form 4 filings, such as this one, are standard disclosures for publicly traded companies, reflecting executive compensation and ownership changes rather than broader industry trends. The grant of Stock Appreciation Rights is a common incentive mechanism in the financial services sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Michael Rehm granted a Limited Power of Attorney to Vycki Seigle and Nathan Berger for Section 16 and Rule 144 reporting obligations, allowing them to execute and file Forms 3, 4, 5, and 144 on his behalf. | 09/22/2025 | Streamlines compliance for executive reporting requirements, ensuring timely and accurate filings. |
Related Party Transactions
- The acquisition of Stock Appreciation Rights by Executive Vice President Michael Rehm constitutes a related party transaction as it is part of his compensation package from Stock Yards Bancorp, Inc.
Stakeholder Impact
- Shareholders: Provides transparency into executive compensation and ownership, potentially signaling management's alignment with shareholder interests.
- Employees: No direct impact on general employees.
- Customers: No direct impact on customers.
- Suppliers: No direct impact on suppliers.
- Creditors: No direct impact on creditors.
Key Dates
| Date | Description |
|---|---|
| 09/22/2025 | Date Michael Rehm signed the Limited Power of Attorney for Section 16 and Rule 144 reporting obligations. |
| 02/19/2026 | Date of the earliest transaction reported, specifically the acquisition of 2,899 Stock Appreciation Rights. |
| 02/23/2026 | Date the Form 4 was signed by Vycki Seigle, by Power of Attorney. |
| 02/19/2027 | Date the 2,899 Stock Appreciation Rights acquired on 02/19/2026 become exercisable. |
| 02/19/2036 | Expiration date of the 2,899 Stock Appreciation Rights acquired on 02/19/2026. |
Keywords
Stock Yards Bancorp, SYBT, Michael Rehm, Executive Vice President, Stock Appreciation Rights, SARs, Beneficial Ownership, Insider Trading, SEC Form 4, Executive Compensation
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