Form 4: SYBT President Poindexter Reports Stock Transactions
Insider Transaction Report
Stock Yards Bancorp, Inc. President Philip Poindexter reported the acquisition and disposition of common stock shares on March 23, 2026, alongside existing derivative holdings.
Summary
- Philip Poindexter, President of Stock Yards Bancorp, Inc. (SYBT), reported transactions involving the company's common stock on March 23, 2026.
- Acquired 1,932 shares of common stock at a price of $64.46 per share.
- Disposed of 832 shares of common stock at a price of $64.46 per share, likely for tax withholding purposes related to an equity award.
- Following these transactions, Poindexter directly owns 53,376 shares of common stock.
- An additional 15,259 shares are indirectly owned through a 401k/ESOP account.
- Poindexter also holds various Stock Appreciation Rights (SARs) with exercise prices ranging from $35.90 to $75.21 and expiration dates extending up to February 19, 2036.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a moderately positive signal, reflecting continued insider ownership and a net increase in direct holdings, albeit with a portion disposed for tax purposes, which is a standard compensation event.
Positives
- The acquisition of 1,932 shares of common stock indicates continued insider ownership and potential confidence in the company's future performance.
Negatives
- The disposition of 832 shares, likely for tax withholding purposes, reduces direct ownership, though this is a common practice for equity awards and not necessarily a negative signal.
Future Outlook
na
Industry Context
StockSavvy.ai notes that insider transactions, particularly acquisitions, can signal management's confidence in the company's future performance, which is a common indicator observed across the financial services industry for regional banks like Stock Yards Bancorp.
Stakeholder Impact
- Shareholders may view the net acquisition of shares by a key executive as a positive sign of management confidence in the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 03/21/2018 | Date exercisable for Stock Appreciation Right with exercise price $40.00, expiring 03/21/2027 |
| 02/20/2019 | Date exercisable for Stock Appreciation Right with exercise price $35.90, expiring 02/20/2028 |
| 10/01/2019 | Date exercisable for Stock Appreciation Right with exercise price $39.32, expiring 10/01/2028 |
| 02/19/2020 | Date exercisable for Stock Appreciation Right with exercise price $36.65, expiring 02/19/2029 |
| 02/25/2021 | Date exercisable for Stock Appreciation Right with exercise price $37.30, expiring 02/25/2030 |
| 02/25/2022 | Date exercisable for Stock Appreciation Right with exercise price $50.71, expiring 02/25/2031 |
| 02/14/2023 | Date exercisable for Stock Appreciation Right with exercise price $54.91, expiring 02/14/2032 |
| 02/13/2024 | Date exercisable for Stock Appreciation Right with exercise price $60.76, expiring 02/13/2033 |
| 02/12/2025 | Date exercisable for Stock Appreciation Right with exercise price $47.95, expiring 02/12/2034 |
| 02/10/2026 | Date exercisable for Stock Appreciation Right with exercise price $75.21, expiring 02/10/2035 |
| 03/23/2026 | Date of common stock acquisition and disposition transactions |
| 03/24/2026 | Signature date of the reporting person's power of attorney |
| 02/19/2027 | Date exercisable for Stock Appreciation Right with exercise price $68.33, expiring 02/19/2036 |
| 03/21/2027 | Expiration date for Stock Appreciation Right with exercise price $40.00 |
| 02/20/2028 | Expiration date for Stock Appreciation Right with exercise price $35.90 |
| 10/01/2028 | Expiration date for Stock Appreciation Right with exercise price $39.32 |
| 02/19/2029 | Expiration date for Stock Appreciation Right with exercise price $36.65 |
| 02/25/2030 | Expiration date for Stock Appreciation Right with exercise price $37.30 |
| 02/25/2031 | Expiration date for Stock Appreciation Right with exercise price $50.71 |
| 02/14/2032 | Expiration date for Stock Appreciation Right with exercise price $54.91 |
| 02/13/2033 | Expiration date for Stock Appreciation Right with exercise price $60.76 |
| 02/12/2034 | Expiration date for Stock Appreciation Right with exercise price $47.95 |
| 02/10/2035 | Expiration date for Stock Appreciation Right with exercise price $75.21 |
| 02/19/2036 | Expiration date for Stock Appreciation Right with exercise price $68.33 |
Recommendation
holdThe filing reports routine insider transactions, including an acquisition and a tax-related disposition, by a key executive. While the net acquisition is a minor positive, it does not present new information significant enough to warrant a change in investment thesis. The existing holdings of common stock and SARs indicate continued alignment with shareholder interests, supporting a 'hold' recommendation for investors already in SYBT.
Keywords
Stock Yards Bancorp, SYBT, Philip Poindexter, Insider Trading, Form 4, Stock Transaction, Common Stock, Stock Appreciation Rights, Officer Transaction, Equity Ownership
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