Stock Yards Bancorp (SYBT) EVP updates stock and SAR holdings

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. Executive Vice President Shannon Budnick reported small transactions in company stock. On February 3, 2026, 36 common shares were disposed of at $68.40, and on February 4, 2026, 32 common shares were disposed of at $69.54, both coded "F." After these transactions, Budnick directly owned 7,802 common shares and indirectly held 336 common shares through a KSOP account noted as "KSOP-fbo Shannon Budnick." Budnick also reported direct holdings of stock appreciation rights covering 7,500, 2,866, and 2,157 shares of common stock, with exercise prices of $54.92, $47.95, and $75.21 and expirations in 2034 and 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
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^*

Budnick Shannon

(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)
02/03/2026

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								336	I	KSOP-fbo Shannon Budnick
Common	02/03/2026		F		36	D	$68.4	7,834	D
Common	02/04/2026		F		32	D	$69.54	7,802	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	$54.92							01/03/2025	01/03/2034	Common Stock	7,500		7,500	D
Stock Appreciation Right	$47.95							02/12/2025	02/12/2034	Common Stock	2,866		2,866	D
Stock Appreciation Right	$75.21							02/10/2026	02/10/2035	Common Stock	2,157		2,157	D

Explanation of Responses:

	/s/ Vycki Seigle by Power of Attorney	02/05/2026
	** 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 insider activity did SYBT Executive Vice President Shannon Budnick report?

Shannon Budnick reported two small dispositions of Stock Yards Bancorp common shares coded "F." These involved 36 shares at $68.40 on February 3, 2026 and 32 shares at $69.54 on February 4, 2026, reflecting routine insider activity.

How many SYBT shares does Shannon Budnick own after the reported Form 4 transactions?

After the transactions, Shannon Budnick directly owned 7,802 common shares of Stock Yards Bancorp. In addition, the filing shows 336 common shares held indirectly through a KSOP account labeled "KSOP-fbo Shannon Budnick," indicating employee plan-related ownership.

What does transaction code "F" mean in Shannon Budnick’s SYBT Form 4?

The filing reports both common stock transactions under code "F", with shares disposed at $68.40 and $69.54. Code F generally denotes share dispositions related to equity awards, and here it distinguishes these events from open-market purchases or sales.

What stock appreciation rights (SARs) holdings did Budnick report for SYBT?

Budnick reported three direct Stock Appreciation Right holdings tied to Stock Yards Bancorp common stock: 7,500 shares at $54.92, 2,866 shares at $47.95, and 2,157 shares at $75.21, with expirations in 2034 and 2035.

Are any of Shannon Budnick’s SYBT holdings indirect through benefit plans?

Yes. The Form 4 shows 336 common shares of Stock Yards Bancorp held indirectly, with the nature of ownership listed as "KSOP-fbo Shannon Budnick". This indicates shares held on Budnick’s behalf in a company-sponsored stock ownership plan.

What is Shannon Budnick’s role at Stock Yards Bancorp (SYBT)?

The Form 4 identifies Shannon Budnick as an officer of Stock Yards Bancorp, Inc. with the title Executive Vice President. The filing confirms officer status while indicating Budnick is not a director or 10% beneficial owner.