Director at Stock Yards Bancorp (SYBT) receives 55-share equity grant

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. director David L. Hardy reported a compensation-related equity grant. He received 55 shares of Common Stock at $72.32 per share, classified as a grant or award and held indirectly through a Trust Directors Deferred Comp Plan.

After this grant, indirect holdings in the plan total 807 Common Stock shares, while direct ownership remains at 2,847 Common Stock shares. Hardy also holds a Stock Appreciation Right linked to 1,000 Common Stock shares with an exercise price of $67.85 per share that is scheduled to expire on October 21, 2035.

Insights

Equity compensation analyst

Routine director equity grant with modest size and no sales.

Director David L. Hardy received a grant of 55 Common Stock shares at $72.32 per share, reported as a grant or award and held indirectly via a Trust Directors Deferred Comp Plan. No open-market buys or sales were disclosed.

Following the grant, Hardy’s reported position includes 2,847 Common Stock shares held directly, 807 shares held indirectly, and a Stock Appreciation Right over 1,000 underlying shares at an exercise price of $67.85 expiring on October 21, 2035. This pattern is typical of ongoing director compensation and does not represent a directional trade.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hardy David L.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	55	$72.32	$4K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 807 shares (Indirect, Trust Directors Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct, null); Common Stock — 2,847 shares (Direct, null)

Footnotes (1)

Key Figures

Grant size: 55 shares Grant reference price: $72.32 per share Direct holdings: 2,847 shares +3 more

6 metrics

Grant size 55 shares Common Stock grant to director on June 17, 2026

Grant reference price $72.32 per share Price for 55-share Common Stock award

Direct holdings 2,847 shares Common Stock held directly after transactions

Indirect holdings 807 shares Common Stock held via Trust Directors Deferred Comp Plan

Stock Appreciation Right strike $67.85 Exercise price on SAR over 1,000 underlying shares

SAR underlying shares 1,000 shares Common Stock underlying Stock Appreciation Right expiring 2035-10-21

Key Terms

Stock Appreciation Right, Trust Directors Deferred Comp Plan, indirect ownership

3 terms

Stock Appreciation Right financial

"security_title: "Stock Appreciation Right" with 1,000 underlying Common Stock shares at $67.85"

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.

Trust Directors Deferred Comp Plan financial

"nature_of_ownership: "Trust Directors Deferred Comp Plan" for indirect Common Stock holdings"

indirect ownership financial

"ownership_type: "indirect" and ownership_code: "I" for trust-held shares"

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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^*

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)
06/17/2026

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	06/17/2026		A		55	A	$72.32	807	I	Trust Directors Deferred Comp Plan
Common Stock								2,847	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	06/18/2026
	** 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 did Stock Yards Bancorp (SYBT) director David L. Hardy report on this Form 4?

Director David L. Hardy reported receiving a grant of 55 shares of Stock Yards Bancorp Common Stock. The shares were awarded at $72.32 per share and are held indirectly through a Trust Directors Deferred Comp Plan, reflecting routine equity compensation rather than an open-market trade.

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

After the reported grant, David L. Hardy holds 2,847 shares of Common Stock directly and 807 shares indirectly through a Trust Directors Deferred Comp Plan. These positions show his ongoing equity stake in Stock Yards Bancorp, separate from any derivative-based holdings reported in the same filing.

Was the Form 4 transaction for Stock Yards Bancorp (SYBT) a purchase or a sale?

The Form 4 shows an acquisition via a grant, not a purchase or sale. Hardy received 55 Common Stock shares as a grant or award, held indirectly through a deferred compensation trust, with no open-market buy or sell transactions disclosed in this particular report.

What derivative position did David L. Hardy report in Stock Yards Bancorp (SYBT)?

Hardy reported a Stock Appreciation Right tied to 1,000 underlying Common Stock shares. The right has an exercise price of $67.85 per share and is scheduled to expire on October 21, 2035, providing long-dated equity-linked exposure in addition to his direct and indirect share holdings.

How significant is the 55-share grant reported by Stock Yards Bancorp (SYBT) director Hardy?

The 55-share grant is modest relative to Hardy’s overall reported holdings. After the grant, he holds 2,847 shares directly and 807 shares indirectly, plus rights over 1,000 underlying shares, indicating this award is part of routine director compensation rather than a large, directional position change.