Stock Yards Bancorp (SYBT) EVP granted new stock appreciation rights awards

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. Executive Vice President William J. Otten reported awards of stock appreciation rights tied to company common stock. On April 1, 2026, he received 1,832 stock appreciation rights and an additional 2,500 stock appreciation rights, each linked to one share of common stock at a conversion price of $66.53 per share. These rights become exercisable on April 1, 2027 and expire on April 1, 2036. Following these awards, he holds 2,148 shares of common stock directly and 882 shares indirectly through a KSOP account.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Otten William J.

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	1,832	$0.00	--
Grant/Award	Stock Appreciation Right	2,500	$0.00	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 1,832 shares (Direct); Common Stock — 2,148 shares (Direct); Common Stock — 882 shares (Indirect, KSOP-William J. Otten)

Footnotes (1)

Key Figures

Stock appreciation rights grant 1: 1,832 rights Stock appreciation rights grant 2: 2,500 rights Conversion price: $66.53 per share +4 more

7 metrics

Stock appreciation rights grant 1 1,832 rights Granted April 1, 2026 to EVP Otten

Stock appreciation rights grant 2 2,500 rights Granted April 1, 2026 to EVP Otten

Conversion price $66.53 per share Stock appreciation rights exercise price

Exercise date April 1, 2027 Stock appreciation rights become exercisable

Expiration date April 1, 2036 Stock appreciation rights expiration

Direct common shares 2,148 shares Common stock held directly after transactions

Indirect common shares 882 shares Common stock held indirectly via KSOP-William J. Otten

Key Terms

Stock Appreciation Right, conversion or exercise price, indirect, KSOP

4 terms

Stock Appreciation Right financial

"he received 1,832 stock appreciation rights and an additional 2,500 stock appreciation rights"

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.

conversion or exercise price financial

"each linked to one share of common stock at a conversion price of $66.53 per share"

indirect financial

"he holds 2,148 shares of common stock directly and 882 shares indirectly through a KSOP account"

KSOP financial

"882 shares indirectly through a KSOP account"

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 01:03 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^*

Otten William J.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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								2,148	D
Common Stock								882	I	KSOP-William J. Otten

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	$66.53	04/01/2026		A		1,832		04/01/2027	04/01/2036	Common Stock	1,832	$0	1,832	D
Stock Appreciation Right	$66.53	04/01/2026		A		2,500		04/01/2027	04/01/2036	Common Stock	2,500	$0	2,500	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	04/03/2026
	** 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 activity did SYBT Executive Vice President William J. Otten report?

William J. Otten reported receiving stock appreciation right awards. He was granted 1,832 and 2,500 stock appreciation rights, each tied to one share of Stock Yards Bancorp, Inc. common stock at a conversion price of $66.53 per share, with future exercisability and a long-term expiration date.

How many stock appreciation rights did Otten receive in the latest SYBT Form 4?

Otten received two grants of stock appreciation rights. One grant covered 1,832 rights and the other 2,500 rights, each right corresponding to one share of Stock Yards Bancorp, Inc. common stock, all at a conversion price of $66.53 per share and intended as compensation.

When can the new stock appreciation rights for SYBT executive Otten be exercised?

The stock appreciation rights granted to Otten become exercisable on April 1, 2027. They were awarded on April 1, 2026 and carry a long-term expiration date of April 1, 2036, giving him a multi-year window to realize value tied to Stock Yards Bancorp, Inc. shares.

What is the conversion or exercise price of Otten’s SYBT stock appreciation rights?

Each stock appreciation right for Otten has a conversion or exercise price of $66.53 per share. This price is the reference level used to determine potential appreciation value in Stock Yards Bancorp, Inc. common stock when the rights are eventually exercised after their vesting date.

How many SYBT common shares does Otten hold after these transactions?

After the reported transactions, Otten holds 2,148 shares of Stock Yards Bancorp, Inc. common stock directly. He also has 882 shares held indirectly through a KSOP account labeled “KSOP-William J. Otten,” reflecting both personal and plan-related ownership positions in the company.

Are Otten’s new SYBT stock appreciation rights direct or indirect holdings?

The stock appreciation rights granted to Otten are reported as direct holdings. They are derivative securities tied to Stock Yards Bancorp, Inc. common stock, separate from his indirect ownership of 882 common shares through a KSOP account described as “KSOP-William J. Otten” in the filing.