Stock Yards Bancorp (SYBT) president sells 1,221 shares, keeps large equity stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stock Yards Bancorp President Philip Poindexter reported an open-market sale of 1,221 shares of common stock at $70.68 per share on May 21, 2026. After this transaction, he continues to hold 53,376 common shares directly and 15,259 shares indirectly through a 401k/ESOP account.
Poindexter also reports multiple stock appreciation rights tied to common stock, with exercise prices ranging from the mid-$30s to mid-$70s and expiration dates running from 2027 through 2036, providing additional equity-linked exposure to Stock Yards Bancorp.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,221 shares ($86,300)
Net Sell
13 txns
Insider
Poindexter Philip
Role
President
Sold
1,221 shs ($86K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,221 | $70.68 | $86K |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 53,376 shares (Direct, null);
Stock Appreciation Right — 4,872 shares (Direct, null);
Common Stock — 15,259 shares (Indirect, 401k/ESOP-FBO Philip Poindexter)
Footnotes (1)
Key Figures
Shares sold: 1,221 shares
Sale price: $70.68/share
Direct common shares after sale: 53,376 shares
+5 more
8 metrics
Shares sold
1,221 shares
Open-market sale of common stock on May 21, 2026
Sale price
$70.68/share
Price for 1,221 common shares sold
Direct common shares after sale
53,376 shares
Total common stock directly owned following transaction
Indirect common shares
15,259 shares
401k/ESOP holdings for Philip Poindexter
Largest SAR block
17,500 underlying shares
Stock appreciation right at $39.32, expiring October 1, 2028
Highest SAR exercise price
$75.21
Stock appreciation right expiring February 10, 2035
Earliest SAR expiration
March 21, 2027
Stock appreciation right with $40.00 exercise price
Latest SAR expiration
February 19, 2036
Stock appreciation right with $68.33 exercise price
Key Terms
Stock Appreciation Right, open-market sale, 401k/ESOP, underlying security, +1 more
5 terms
Stock Appreciation Right financial
""security_title": "Stock Appreciation Right""
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.
open-market sale financial
""transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
401k/ESOP financial
""nature_of_ownership": "401k/ESOP-FBO Philip Poindexter""
underlying security financial
""underlying_security_title": "Common Stock""
indirect ownership financial
""ownership_type": "indirect""
FAQ
What insider transaction did SYBT President Philip Poindexter report?
Philip Poindexter reported selling 1,221 shares of Stock Yards Bancorp common stock in an open-market transaction at $70.68 per share. The filing also shows his remaining direct and indirect common stock holdings and several stock appreciation right positions.
What indirect holdings in SYBT does Philip Poindexter report?
The filing shows 15,259 shares of Stock Yards Bancorp common stock held indirectly for Philip Poindexter through a 401k/ESOP account. These shares are reported as indirect ownership, in addition to his directly held common stock and stock appreciation rights positions.
What stock appreciation rights linked to SYBT does Poindexter hold?
Poindexter reports several stock appreciation rights on Stock Yards Bancorp common stock, with exercise prices from $35.90 to $75.21. Underlying share amounts range up to 17,500 shares, with expiration dates spanning from 2027 through 2036, indicating long‑dated equity incentives.
Does this SYBT Form 4 include any option exercises or just a sale?
This Form 4 shows one open-market sale of 1,221 common shares and multiple holding entries for stock appreciation rights. The transaction summary indicates no option or derivative exercises during the period, only the net sale of common stock.