SYBT EVP awarded 2,204 stock appreciation rights

Stock Yards Bancorp, Inc. Executive Vice President Michael Croce reported an award of 2,204 Stock Appreciation Rights on February 19, 2026, categorized as a grant or other acquisition at a stated price of $0.0000 per right.

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. Executive Vice President Michael Croce reported an award of 2,204 Stock Appreciation Rights on February 19, 2026, categorized as a grant or other acquisition at a stated price of $0.0000 per right. Following this grant, he directly held 2,204 Stock Appreciation Rights from that specific award.

The filing also shows multiple other Stock Appreciation Right positions and common stock holdings, including 24,858 directly held common shares and 8,884 shares held indirectly through a 401k/ESOP account for his benefit. Footnotes indicate these common stock totals include shares added through automatic dividend reinvestment and employer contributions with dividend reinvestment.

Insider Trade Summary

Grant/Award: 2,204 shares

Grant/Award 12 txns

Insider CROCE MICHAEL

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	2,204	$0.00	$0.00
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 26,872 contracts for 24,668 underlying shares (Direct); Common Stock — 8,884 shares (Indirect, by 401k/ESOP-fbo Michael Croce); Common Stock — 24,858 shares (Direct)

Footnotes (2)

1. F1. Includes shares acquired through automatic dividend reinvestment.
2. F2. Includes employer contribution with automatic dividend reinvestment

FAQ

What insider transaction did Michael Croce report for Stock Yards Bancorp (SYBT)?

Michael Croce reported receiving an award of 2,204 Stock Appreciation Rights on February 19, 2026. This derivative grant, recorded at a stated price of $0.0000 per right, increased his directly held Stock Appreciation Rights from that specific award to 2,204 units after the transaction.

How many Stock Appreciation Rights does Michael Croce hold after this Form 4?

After the reported grant, Michael Croce holds 2,204 Stock Appreciation Rights from that specific award. The filing also lists several other Stock Appreciation Right positions with different post-transaction balances, indicating multiple outstanding awards rather than a single aggregate position.

What common stock holdings of Stock Yards Bancorp does Michael Croce report?

Michael Croce reports 24,858 shares of Stock Yards Bancorp common stock held directly and 8,884 shares held indirectly through a 401k/ESOP account. Footnotes state these figures include shares added by automatic dividend reinvestment and employer contributions with dividend reinvestment over time.

Are any of Michael Croce’s Stock Yards Bancorp shares held through benefit plans?

Yes. The filing shows 8,884 shares of Stock Yards Bancorp common stock held indirectly through a 401k/ESOP account for the benefit of Michael Croce. Footnotes explain that these plan holdings include shares accumulated via employer contributions and automatic dividend reinvestment.

Does the Form 4 show any open-market buys or sells by Michael Croce in SYBT?

The Form 4 highlights a grant of 2,204 Stock Appreciation Rights and updated holdings but does not classify any transaction as an open-market purchase or sale. Most additional lines are labeled as holdings with unknown transaction codes rather than explicit buy or sell activity.

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Accepted by SEC EDGAR 02/23/2026 - 04:02 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^*

CROCE MICHAEL

(Last) (First) (Middle)

PO BOX 32890

(Street)

LOUISVILLE KY 40232

(City) (State) (Zip)

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

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)
02/19/2026

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								8,884(2)	I	by 401k/ESOP-fbo Michael Croce
Common Stock								24,858(1)	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	$35.9							02/20/2019	02/20/2028	Common Stock	3,162		3,162	D
Stock Appreciation Right	$40							03/21/2018	03/21/2027	Common Stock	3,222		3,222	D
Stock Appreciation Right	$36.65							02/19/2020	02/19/2029	Common Stock	3,226		3,226	D
Stock Appreciation Right	$37.3							02/25/2021	02/25/2030	Common Stock	3,801		3,801	D
Stock Appreciation Right	$50.71							02/25/2022	02/25/2031	Common Stock	2,261		2,261	D
Stock Appreciation Right	$54.91							02/14/2023	02/14/2032	Common Stock	2,571		2,571	D
Stock Appreciation Right	$60.76							02/13/2024	02/13/2033	Common Stock	2,087		2,087	D
Stock Appreciation Right	$47.95							02/12/2025	02/12/2034	Common Stock	2,496		2,496	D
Stock Appreciation Right	$75.21							02/10/2026	02/10/2035	Common Stock	1,842		1,842	D
Stock Appreciation Right	$68.33	02/19/2026		A		2,204		02/19/2027	02/19/2036	Common Stock	2,204	$0	2,204	D

Explanation of Responses:

1. Includes shares acquired through automatic dividend reinvestment.

2. Includes employer contribution with automatic dividend reinvestment

	/s/ Vycki Seigle, by Power of Attorney	02/23/2026
	** 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.
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