Form 4: SYBT Executive Budnick Reports Routine Share Dispositions

Stock Yards Bancorp Executive Vice President Shannon Budnick reported routine dispositions of company common stock and an acquisition via a retirement plan.

Summary

• Shannon Budnick, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), reported transactions in company common stock.
• Acquired 336 shares of common stock indirectly through a KSOP (Key Employee Stock Ownership Plan) for Shannon Budnick.
• Disposed of 36 shares of common stock on February 3, 2026, at a price of $68.4 per share.
• Disposed of an additional 32 shares of common stock on February 4, 2026, at a price of $69.54 per share.
• Following these transactions, Budnick directly owns 7,802 shares of common stock and indirectly owns 336 shares through the KSOP.
• Also holds Stock Appreciation Rights (SARs) totaling 12,523 shares with various exercise prices and expiration dates.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, reflecting routine insider transactions, likely for tax purposes or through a pre-arranged plan, with no significant positive or negative implications for the company's operational performance or outlook.

Positives

• The acquisition of 336 shares through a KSOP indicates continued participation in employee benefit plans.
• Transactions were made pursuant to a Rule 10b5-1(c) plan, suggesting pre-planned and not opportunistic trading.

Negatives

• Dispositions of 68 shares in total, likely for tax withholding purposes, reduce direct ownership slightly.

Future Outlook

N/A

Industry Context

StockSavvy.ai notes that routine Form 4 filings, such as this one, are common for executives and typically reflect pre-planned transactions, often for tax purposes or diversification, rather than a change in sentiment about the company's prospects. These transactions are standard practice in the financial services industry for executive compensation and benefit plans.

Related Party Transactions

• Acquisition of 336 shares of common stock indirectly through a KSOP (Key Employee Stock Ownership Plan) for Shannon Budnick, which is a standard employee benefit arrangement.

Stakeholder Impact

• Minimal impact on shareholders as these are routine, small-scale insider transactions.
• No direct impact on employees, customers, suppliers, or creditors from these specific transactions.

Key Dates

Keywords

Stock Yards Bancorp, SYBT, Shannon Budnick, Form 4, Insider Trading, Stock Appreciation Rights, SARs, Common Stock, Executive Vice President, Share Disposition, KSOP