Stock Yards Bancorp (SYBT) director reports 62-share grant and updated holdings

Rhea-AI Filing Summary

Stock Yards Bancorp director David L. Hardy reported an acquisition of 62 shares of Common Stock on March 23, 2026 as a grant/award through a Trust Directors Deferred Compensation Plan, bringing this indirect holding to 566 shares. He also holds 2,838 shares of Common Stock directly and a stock appreciation right tied to 1,000 underlying shares of Common Stock with a $67.85 exercise price expiring on October 21, 2035.

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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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)
03/23/2026

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	03/23/2026		A		62	A	$64.46	566	I	Trust Directors Deferred Comp Plan
Common Stock								2,838	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	03/24/2026
	** 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)

FAQ

What insider transaction did Stock Yards Bancorp (SYBT) director David L. Hardy report?

Director David L. Hardy reported receiving 62 shares of Stock Yards Bancorp Common Stock as a grant or award. The shares were credited through a Trust Directors Deferred Compensation Plan on March 23, 2026, and are treated as an indirect ownership position for reporting purposes.

How many Stock Yards Bancorp (SYBT) shares does David L. Hardy hold after this Form 4?

After the reported grant, David L. Hardy holds 566 shares of Common Stock indirectly through a Trust Directors Deferred Compensation Plan and 2,838 shares of Common Stock directly. These figures show his combined direct and indirect equity exposure reported in this Form 4 filing.

What is the nature of the 62-share acquisition reported for SYBT on March 23, 2026?

The 62-share acquisition is classified as a grant, award, or other acquisition, not an open-market purchase. It reflects compensation-related stock credited to a Trust Directors Deferred Compensation Plan rather than a discretionary buy of Stock Yards Bancorp shares.

What stock appreciation right does David L. Hardy hold in Stock Yards Bancorp (SYBT)?

David L. Hardy holds a stock appreciation right linked to 1,000 underlying shares of Stock Yards Bancorp Common Stock. It has an exercise price of $67.85 and an expiration date of October 21, 2035, and is reported as a direct derivative holding.

Is the March 23, 2026 SYBT Form 4 transaction a buy or a compensation grant?

The March 23, 2026 transaction is a compensation-related grant or award, coded as an acquisition rather than an open-market purchase. It adds 62 indirect shares to David L. Hardy’s Trust Directors Deferred Compensation Plan holdings in Stock Yards Bancorp.