Stock Yards Bancorp (SYBT) director reports share awards on Form 4

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. director Edwin S. Saunier reported share awards on a Form 4 for transactions dated January 2, 2026. He acquired 828 shares of common stock at no cost as a restricted stock unit grant with one year vesting, bringing his direct holdings to 6,217 shares.

He also acquired 15 additional common shares at $65.20 per share through a Trust - Director Deferred Comp Plan, which now holds 5,669 shares of common stock for his benefit, including shares from automatic dividend reinvestment and deferred vested restricted stock units. Separately, he holds a stock appreciation right covering 1,000 shares of common stock at an exercise price of $47.17, exercisable from July 20, 2022 until July 20, 2031.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Saunier Edwin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	828	$0.00	--
Grant/Award	Common Stock	15	$65.20	$978.00
holding	Stock Appreciation Right	--	--	--

Holdings After Transaction: Common Stock — 6,217 shares (Direct); Common Stock — 5,669 shares (Indirect, Trust - Director Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct)

Footnotes (1)

1. Restricted stock unit grant with one year vesting. Includes shares acquired through automatic dividend reinvestment. Includes movement of vested restricted stock units deferred.

Form 4 Insider Transactions: What Each Field Means →

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^*

Saunier Edwin S

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

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	01/02/2026		A		828	A	(1)	6,217	D
Common Stock	01/02/2026		A		15	A	$65.2	5,669(2)(3)	I	Trust - Director Deferred Comp Plan

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	$47.17							07/20/2022	07/20/2031	Common Stock	1,000		1,000	D

Explanation of Responses:

1. Restricted stock unit grant with one year vesting.

2. Includes shares acquired through automatic dividend reinvestment.

3. Includes movement of vested restricted stock units deferred.

	/s/ Vycki Seigle, by Power of Attorney	01/06/2026
	** 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.

FAQ

What did Stock Yards Bancorp (SYBT) director Edwin S. Saunier report on this Form 4?

Director Edwin S. Saunier reported acquisitions of common stock and disclosed a stock appreciation right holding, with transactions dated January 2, 2026.

How many Stock Yards Bancorp shares did Edwin S. Saunier acquire in this filing?

He acquired 828 common shares at no cost via a restricted stock unit grant with one year vesting and 15 common shares at $65.20 per share through a Director Deferred Comp Plan.

What are Edwin S. Saunier’s Stock Yards Bancorp share holdings after the reported transactions?

After these transactions, he holds 6,217 common shares directly and 5,669 common shares indirectly through a Trust - Director Deferred Comp Plan.

What is the nature of the trust mentioned in the Stock Yards Bancorp Form 4?

The indirect holdings are through a Trust - Director Deferred Comp Plan, which includes shares acquired by automatic dividend reinvestment and movement of vested restricted stock units deferred.

What derivative security does Edwin S. Saunier hold related to Stock Yards Bancorp?

He holds a stock appreciation right linked to 1,000 shares of common stock with a $47.17 exercise price, exercisable from July 20, 2022 until July 20, 2031.

Is Edwin S. Saunier a director or officer of Stock Yards Bancorp?

He is reported as a director of Stock Yards Bancorp, Inc. and is not listed as an officer or 10% owner in this filing.