Community Trust Bancorp Insider Gift Signals Minor Stake Shift

Rhea-AI Filing Summary

Community Trust Bancorp (CTBI) filed a Form 4 reporting that Executive Vice President Andy D. Waters made a bona-fide gift of 341 CTBI common shares on 31 Jul 2025 (transaction code G). No cash consideration was involved. Following the transaction, Waters’ reported holdings stand at 1,550 directly owned shares, 7,798.2856 shares held indirectly through the company ESOP, and an additional 1,660 directly held shares listed in the ownership table. No derivative securities were reported. The filing reflects a modest reduction in his direct stake while leaving his overall exposure to CTBI stock largely intact.

Positive

• Executive retains a substantial stake, suggesting continued alignment with shareholder interests despite the small disposition.

Negative

• Direct ownership declines by 341 shares, a modest reduction that slightly lowers insider exposure.

Insights

Financial Analyst

TL;DR: Small insider gift; neutral impact.

The 341-share gift represents a very limited portion of Waters’ total holdings and was made without cash consideration, indicating no apparent concern about CTBI’s valuation. Post-transaction, he still controls roughly 11,000 shares when combining direct and ESOP positions, so alignment with shareholders remains. Because the move neither signals buying conviction nor profit-taking, market impact is expected to be immaterial.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Waters Andy D

(Last) (First) (Middle)

100 EAST VINE STREET

(Street)

LEXINGTON KY 40507-1406

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COMMUNITY TRUST BANCORP INC /KY/ [ CTBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/31/2025		G		341	D	$53.98	1,550	D
Common Stock								7,798.2856	I	By ESOP
Common Stock								1,660	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Andy D. Waters By: Cynthia L Adkins, Attorney-in-Fact Stock Transfer Administrator	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CTBI insider Andy D. Waters report on the Form 4?

He reported gifting 341 shares of Community Trust Bancorp common stock on 31 Jul 2025.

Was the transaction a sale or a gift?

It was a bona-fide gift (transaction code G); no cash was exchanged.

How many CTBI shares does Waters now own directly?

He owns 1,550 shares directly after the reported transaction.

Does Waters hold any CTBI shares indirectly?

Yes, he holds 7,798.2856 shares indirectly through an ESOP.

Are any derivative securities involved in this filing?

No derivative securities were reported in Table II.