Form 4: SYBT Executive Stinnett Boosts Stock Holdings
Insider Trading Report
Stock Yards Bancorp Executive Vice President Thomas C. Stinnett reported a net acquisition of 870 common shares on March 23, 2026, alongside other equity transactions.
Summary
- Thomas C. Stinnett, Executive Vice President of Stock Yards Bancorp, Inc. (SYBT), reported transactions on March 23, 2026, under a Rule 10b5-1 plan.
- Acquired 1,525 shares of common stock at a price of $64.46 per share.
- Disposed of 655 shares of common stock at $64.46 per share, primarily for tax withholding purposes related to the acquisition/vesting.
- The net effect of these transactions is an increase of 870 shares in direct common stock ownership.
- Following these transactions, Stinnett directly beneficially owns 64,957 shares of common stock.
- Indirect holdings include 497 shares held by a spouse and 13,928 shares in a KSOP plan (fbo Thomas Stinnett).
- Beneficial ownership of one Stock Appreciation Right (SAR) for 6,871 shares, with an exercise price of $25.76 and an expiration date of March 15, 2026, is now 0.
- Stinnett continues to hold various other Stock Appreciation Rights (SARs) with exercise prices ranging from $35.90 to $75.21 and expiration dates extending to February 19, 2036.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this filing as moderately positive. A net increase in an executive's direct stock ownership, even with tax-related dispositions, generally signals confidence in the company's future performance.
Positives
- The net acquisition of 870 shares of common stock by a key executive signals continued confidence in the company's future performance.
- The acquisition of 1,525 shares at $64.46 per share represents a direct investment of $98,301.50 by the Executive Vice President.
- The likely exercise of the in-the-money Stock Appreciation Right (SAR) with an exercise price of $25.76 (compared to the stock price of $64.46) indicates the executive realized value from prior compensation.
Negatives
- The disposition of 655 shares for tax withholding, while a routine event, reduces the total number of shares directly held by the executive.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider buying, even if partially offset by tax-related dispositions, can be a positive indicator for investors in the financial services sector, suggesting management's belief in the company's stability and growth prospects amidst broader economic conditions.
Stakeholder Impact
- Shareholders may view the net increase in executive ownership as a positive signal of management's alignment with shareholder interests and confidence in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 03/15/2017 | Date exercisable for SAR with $25.76 exercise price. |
| 03/21/2018 | Date exercisable for SAR with $40.00 exercise price. |
| 02/20/2019 | Date exercisable for SAR with $35.90 exercise price. |
| 02/19/2020 | Date exercisable for SAR with $36.65 exercise price. |
| 05/01/2020 | Date exercisable for SAR with $38.18 exercise price. |
| 02/25/2021 | Date exercisable for SAR with $37.30 exercise price. |
| 02/25/2022 | Date exercisable for SAR with $50.71 exercise price. |
| 02/14/2023 | Date exercisable for SAR with $54.91 exercise price. |
| 02/13/2024 | Date exercisable for SAR with $60.76 exercise price. |
| 02/12/2025 | Date exercisable for SAR with $47.95 exercise price. |
| 02/10/2026 | Date exercisable for SAR with $75.21 exercise price. |
| 03/15/2026 | Expiration date for SAR with $25.76 exercise price. |
| 03/23/2026 | Transaction date for common stock acquisition and disposition. |
| 03/24/2026 | Signature date of the reporting person's power of attorney. |
| 02/19/2027 | Date exercisable for SAR with $68.33 exercise price. |
| 03/21/2027 | Expiration date for SAR with $40.00 exercise price. |
| 02/20/2028 | Expiration date for SAR with $35.90 exercise price. |
| 02/19/2029 | Expiration date for SAR with $36.65 exercise price. |
| 05/01/2029 | Expiration date for SAR with $38.18 exercise price. |
| 02/25/2030 | Expiration date for SAR with $37.30 exercise price. |
| 02/25/2031 | Expiration date for SAR with $50.71 exercise price. |
| 02/14/2032 | Expiration date for SAR with $54.91 exercise price. |
| 02/13/2033 | Expiration date for SAR with $60.76 exercise price. |
| 02/12/2034 | Expiration date for SAR with $47.95 exercise price. |
| 02/10/2035 | Expiration date for SAR with $75.21 exercise price. |
| 02/19/2036 | Expiration date for SAR with $68.33 exercise price. |
Recommendation
holdWhile the net acquisition of shares by an executive is a positive signal, a single Form 4 filing typically does not provide sufficient information to warrant a change in a fundamental investment recommendation. It reinforces a 'hold' stance, indicating continued confidence but not necessarily a catalyst for a 'buy' or 'strong buy' without further supporting data.
Keywords
Stock Yards Bancorp, SYBT, Insider Trading, Form 4, Executive Stock Ownership, Stock Appreciation Rights, Rule 10b5-1, Financial Services
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