Stock Yards Bancorp director granted 51 shares

SYBT director David L. Hardy received a 51-share stock grant via a deferred compensation trust and reports direct holdings plus a 1,000-share stock appreciation right.

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. (symbol: SYBT) is the issuer of record for a Form 4 filing submitted to the SEC. Hardy David L. reported acquisition or exercise transactions in this Form 4 filing.

Stock Yards Bancorp, Inc. (SYBT) director David L. Hardy reported a grant of 51 shares of Common Stock on September 21, 2026, at a reported value of $78.81 per share, credited to a Trust Directors Deferred Comp Plan as indirect ownership, bringing that indirect position to 1,022 shares. He also reports 2,856 Common shares held directly and a Stock Appreciation Right over 1,000 underlying Common shares, exercisable at $67.85 per share from October 21, 2026, and expiring October 21, 2035. No Rule 10b5-1 trading plan is indicated.

Insider Trade Summary

Grant/Award: 51 shares

Grant/Award 3 txns

Insider Hardy David L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	51	$78.81	$4K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,022 shares (Indirect, Trust Directors Deferred Comp Plan); Stock Appreciation Right — 1,000 contracts (Direct); Common Stock — 2,856 shares (Direct)

Key Figures

Common Stock grant: 51 shares Grant price: $78.81 per share Indirect Common Stock holdings: 1,022 shares +5 more

8 metrics

Common Stock grant 51 shares Grant or award acquisition on September 21, 2026 to deferred compensation trust

Grant price $78.81 per share Reported value for 51-share Common Stock grant on September 21, 2026

Indirect Common Stock holdings 1,022 shares Common Stock held indirectly via Trust Directors Deferred Comp Plan after grant

Direct Common Stock holdings 2,856 shares Common Stock held directly by David L. Hardy

Stock Appreciation Right underlying shares 1,000 shares Underlying SYBT Common Stock for Stock Appreciation Right position

Stock Appreciation Right exercise price $67.85 per share Exercise price for Stock Appreciation Right over 1,000 underlying shares

Stock Appreciation Right exercise date October 21, 2026 First exercisable date for Stock Appreciation Right

Stock Appreciation Right expiration date October 21, 2035 Expiration of Stock Appreciation Right on SYBT Common Stock

Key Terms

Stock Appreciation Right, Trust Directors Deferred Comp Plan, indirect, exercise price

4 terms

Stock Appreciation Right financial

"The filing lists a Stock Appreciation Right over 1,000 underlying shares"

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

Trust Directors Deferred Comp Plan financial

"Nature of ownership is Trust Directors Deferred Comp Plan for 1,022 shares"

indirect financial

"The 1,022 Common shares are reported as indirect ownership"

exercise price financial

"The Stock Appreciation Right has an exercise price of $67.85 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SYBT director David L. Hardy report on this Form 4?

He reported a grant of 51 shares of Stock Yards Bancorp Common Stock on September 21, 2026, at a reported value of $78.81 per share, credited to a Trust Directors Deferred Comp Plan as indirect ownership.

How many SYBT shares does David L. Hardy hold indirectly after this transaction?

After the September 21, 2026 grant, David L. Hardy reports 1,022 shares of SYBT Common Stock held indirectly through a Trust Directors Deferred Comp Plan.

What are David L. Hardy’s direct Common Stock holdings in SYBT?

He reports 2,856 shares of Stock Yards Bancorp Common Stock held directly as of the Form 4, in addition to the shares held indirectly through the deferred compensation trust.

What stock appreciation right did David L. Hardy report for SYBT?

He reports a Stock Appreciation Right linked to 1,000 underlying SYBT Common shares, with an exercise price of $67.85 per share, exercisable from October 21, 2026 and expiring on October 21, 2035.

Was the SYBT Form 4 transaction made under a Rule 10b5-1 trading plan?

No. The filing indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not marked as affirmed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 12:09 PM Accepted by SEC EDGAR 09/22/2026 - 12:09 PM Learn about SEC filing dates

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^*

Hardy David L.

(Last) (First) (Middle)

1040 EAST MAIN STREET

(Street)

LOUISVILLE KENTUCKY 40206

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Stock Yards Bancorp, Inc. [ SYBT ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/21/2026

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

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

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

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	09/21/2026		A		51	A	$78.81	1,022	I	Trust Directors Deferred Comp Plan
Common Stock								2,856	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
Stock Appreciation Right	$67.85							10/21/2026	10/21/2035	Common Stock	1,000		1,000	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	09/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)