Stock Yards Bancorp (SYBT) director granted 38 deferred shares, holds SAR

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Stock Yards Bancorp director Edwin S. Saunier reported a compensation-related stock award and updated holdings. He received a grant of 38 shares of common stock at $73.09 per share, credited to a trust under the Director Deferred Compensation Plan, which is reported as indirect ownership. Following these updates, he holds 6,217 common shares directly, including shares acquired through automatic dividend reinvestment, and 5,904 common shares indirectly through the trust. He also holds a stock appreciation right tied to 1,000 underlying common shares at an exercise price of $47.17 per share, expiring on July 20, 2031.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Saunier Edwin S

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	38	$73.09	$3K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,904 shares (Indirect, Trust - Director Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct, null); Common Stock — 6,217 shares (Direct, null)

Footnotes (1)

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Key Figures

Stock grant size: 38 shares Grant price: $73.09 per share Direct common shares: 6,217 shares +3 more

6 metrics

Stock grant size 38 shares Common stock award to Director Deferred Compensation Plan trust

Grant price $73.09 per share Value assigned to 38-share common stock grant

Direct common shares 6,217 shares Direct holdings after transactions, includes dividend reinvestment

Indirect common shares 5,904 shares Held via Director Deferred Compensation Plan trust after grant

SAR underlying shares 1,000 shares Underlying common stock for stock appreciation right

SAR exercise price $47.17 per share Exercise price for stock appreciation right expiring 2031-07-20

Key Terms

Stock Appreciation Right, Director Deferred Comp Plan, automatic dividend reinvestment

3 terms

Stock Appreciation Right financial

"security_title: "Stock Appreciation Right" with 1,000 underlying shares of Common Stock"

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.

Director Deferred Comp Plan financial

"nature_of_ownership: "Trust - Director Deferred Comp Plan" for indirect shares"

automatic dividend reinvestment financial

"Includes shares acquired through automatic dividend reinvestment."

Form 4 Insider Transactions: What Each Field Means →

04/29/2026 - 02:21 PM

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

KENTUCKY

40232

(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)
04/28/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								6,217	D
Common Stock	04/28/2026		A		38	A	$73.09	5,904⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$47.17							07/20/2022	07/20/2031	Common Stock	1,000		1,000	D

Explanation of Responses:

1. Includes shares acquired through automatic dividend reinvestment.

	/s/ Vycki Seigle, by Power of Attorney	04/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Edwin S. Saunier report at Stock Yards Bancorp (SYBT)?

Edwin S. Saunier reported receiving a grant of 38 shares of Stock Yards Bancorp common stock. The award was reported as indirect ownership through a Director Deferred Compensation Plan trust and reflects compensation rather than an open-market stock purchase or sale.

At what price was Edwin S. Saunier’s stock grant in Stock Yards Bancorp (SYBT) recorded?

The 38-share stock grant to Edwin S. Saunier was recorded at $73.09 per share. This value reflects the grant price for the compensation award credited to the Director Deferred Compensation Plan trust, not an open-market trading price on an exchange.

How many Stock Yards Bancorp (SYBT) shares does Edwin S. Saunier hold directly after this filing?

After the reported transactions, Edwin S. Saunier directly holds 6,217 shares of Stock Yards Bancorp common stock. This direct position includes shares obtained through automatic dividend reinvestment, as noted in the filing footnote, and represents his personally held common stock.

What indirect Stock Yards Bancorp (SYBT) holdings does Edwin S. Saunier report?

Edwin S. Saunier reports indirect ownership of 5,904 shares of Stock Yards Bancorp common stock. These shares are held in a trust associated with a Director Deferred Compensation Plan, reflecting deferred compensation rather than open-market acquisitions or sales by the director.

What are the terms of Edwin S. Saunier’s stock appreciation right in Stock Yards Bancorp (SYBT)?

Edwin S. Saunier holds a stock appreciation right linked to 1,000 underlying Stock Yards Bancorp common shares at a $47.17 exercise price. The right expires on July 20, 2031, and represents a derivative-based compensation position rather than a current stock ownership change.

Does the Stock Yards Bancorp (SYBT) Form 4 show any open-market buying or selling by Edwin S. Saunier?

The Form 4 shows a grant of 38 shares as compensation and updated holdings, but no open-market purchases or sales. The main transaction is classified as a grant or award acquisition tied to the Director Deferred Compensation Plan trust, not a discretionary market trade.