Stock Yards Bancorp (SYBT) President exercises rights and reports tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stock Yards Bancorp, Inc. President Philip Poindexter reported routine equity compensation activity. He exercised stock appreciation rights covering 4,968 shares of common stock at an exercise or conversion price of $40.0000 per share, receiving 4,968 shares.
On the same date, 3,747 common shares were disposed of as a tax-withholding transaction at $70.7200 per share, leaving 54,597 directly owned shares afterward and 58,344 direct shares following the option exercise. Poindexter also reports ongoing holdings of multiple stock appreciation right awards on common stock with exercise prices ranging from $35.9000 to $75.2100 and expiration dates between 2028 and 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,968 shares exercised/converted
Mixed
14 txns
Insider
Poindexter Philip
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 4,968 | $0.00 | -- |
| Exercise | Common Stock | 4,968 | $40.00 | $199K |
| Tax Withholding | Common Stock | 3,747 | $70.72 | $265K |
| 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 | Stock Appreciation Right | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 0 shares (Direct, null);
Common Stock — 58,344 shares (Direct, null);
Common Stock — 15,259 shares (Indirect, 401k/ESOP-FBO Philip Poindexter)
Footnotes (1)
Key Figures
Shares acquired via exercise: 4,968 shares
Exercise price: $40.0000 per share
Tax-withholding shares: 3,747 shares
+5 more
8 metrics
Shares acquired via exercise
4,968 shares
Common Stock from derivative exercise at $40.0000
Exercise price
$40.0000 per share
Stock appreciation right on Common Stock
Tax-withholding shares
3,747 shares
Common Stock disposed for tax at $70.7200
Tax-withholding price
$70.7200 per share
Payment of tax liability by delivering securities
Direct shares after exercise
58,344 shares
Total Common Stock directly owned following exercise
Direct shares after tax disposition
54,597 shares
Common Stock directly owned after tax-withholding transaction
Largest remaining SAR grant
17,500 underlying shares
Stock appreciation right at $39.3200 expiring 2028-10-01
Highest SAR exercise price
$75.2100
Stock appreciation right expiring 2035-02-10
Key Terms
Stock Appreciation Right, tax-withholding disposition, derivative exercise/conversion, derivative security, +1 more
5 terms
Stock Appreciation Right financial
"security_title": "Stock Appreciation Right""
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
indirect ownership financial
"ownership_type": "indirect""
FAQ
What did SYBT President Philip Poindexter report in this Form 4 filing?
Philip Poindexter reported exercising stock appreciation rights for 4,968 shares of Stock Yards Bancorp common stock and a related tax-withholding share disposition. These transactions reflect routine equity compensation activity, not open-market buying or selling of SYBT shares.
How were taxes handled on Philip Poindexter’s SYBT equity transaction?
Taxes were handled through a tax-withholding disposition of 3,747 SYBT common shares at $70.7200 per share. Instead of paying cash, shares were delivered to satisfy tax obligations tied to the equity compensation event.
What stock appreciation rights does Philip Poindexter still hold in Stock Yards Bancorp?
Poindexter continues to hold multiple stock appreciation right awards on SYBT common stock, with exercise prices between $35.9000 and $75.2100 and expiration dates from 2028 through 2036. These awards represent potential future equity-linked compensation.
Is this SYBT Form 4 an open-market stock sale by Philip Poindexter?
No, the filing shows a derivative exercise and a tax-withholding share disposition, not an open-market sale. The transactions relate to equity compensation and do not reflect discretionary buying or selling of SYBT shares on the open market.