Community Trust (CTBI) Exec Andy Waters Reports 918-Share Sale

Rhea-AI Filing Summary

Andy D. Waters, Executive Vice President and director at Community Trust Bancorp, reported an insider sale on Form 4. The filing shows 918 shares sold on 08/18/2025 at a price of $56.1809 per share. After the reported transaction the form lists 632 shares beneficially owned directly, an indirect holding of 7,807.4551 shares held by an ESOP, and an additional 1,660 shares shown as directly owned. The Form 4 was signed by Cynthia L. Adkins as attorney-in-fact on 08/19/2025. The filing records a routine Section 16 disclosure of an insider sale; no options or derivative transactions are reported.

Insights

Financial Analyst

TL;DR: Insider sold 918 shares at $56.1809, reducing direct holdings; the transaction appears routine and is disclosed under Section 16.

The sale of 918 shares is a clear, specific disclosure that reduces Mr. Waters' direct ownership from the pre-transaction level to the reported 632 shares direct holding. The filing also shows significant indirect holdings via an ESOP of 7,807.4551 shares, which may temper governance concerns about reduced direct ownership. No derivative activity or option exercises are reported, limiting complexity. This disclosure is material in the sense that it updates ownership, but without context on ownership percentages or timing of other sales, it is a routine Section 16 report rather than a material corporate event.

Corporate Governance Expert

TL;DR: Proper Section 16 disclosure filed for an officer/director sale; ESOP holdings remain substantial per the report.

The Form 4 is complete in listing the transaction code (S) for a sale and quantifies both direct and indirect holdings. The presence of 7,807.4551 shares indirectly owned via an ESOP is notable for governance transparency because it indicates continued indirect alignment with employee/shareholder interests despite the direct sale. The report contains no amendments or derivative instruments and was timely signed by an attorney-in-fact on 08/19/2025, consistent with procedural requirements. Impact on control or board alignment appears limited based on the disclosed figures alone.

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
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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)
08/18/2025

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	08/18/2025		S		918	D	$56.1809	632	D
Common Stock								7,807.4551	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	08/19/2025
	** 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 transaction did CTBI insider Andy D. Waters report on Form 4?

The Form 4 reports a sale of 918 shares on 08/18/2025 at a price of $56.1809 per share.

How many CTBI shares does Andy D. Waters own after the reported transaction?

The filing lists 632 shares beneficially owned directly after the sale, 7,807.4551 shares indirectly via an ESOP, and an additional 1,660 shares shown as directly owned on the form.

Were any derivative securities or option exercises reported by CTBI insider Waters?

No. Table II for derivative securities shows no entries; the filing reports only non-derivative common stock transactions.

Who signed the Form 4 filing for Andy D. Waters?

The Form 4 was signed by Cynthia L. Adkins, Attorney-in-Fact/Stock Transfer Administrator, on 08/19/2025.

What transaction code is used for the reported sale on the Form 4?

The sale is reported with transaction code S, indicating a sale of shares.