Stock Yards EVP granted 2,899 stock rights

Rehm Michael reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Rehm Michael reported acquisition or exercise transactions in this Form 4 filing.

Stock Yards Bancorp, Inc. Executive Vice President Michael Rehm reported an equity award on a Form 4. On February 19, 2026, he was granted 2,899 Stock Appreciation Rights at no cash cost at grant, increasing his directly held Stock Appreciation Rights by that amount.

After the reported updates, he holds several Stock Appreciation Right positions, with post-transaction balances that include blocks such as 4,003, 5,014 and 2,983 rights. His common stock holdings total 17,538 shares directly plus 2,639 shares indirectly through a 401K/ESOP account for his benefit, which includes employer contributions with automatic dividend reinvestment.

Insider Trade Summary

Grant/Award: 2,899 shares

Grant/Award 10 txns

Insider Rehm Michael

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Stock Appreciation Right	2,899	$0.00	$0.00
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	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 26,979 contracts for 24,080 underlying shares (Direct); Common Stock — 2,639 shares (Indirect, 401K/ESOP FBO Michael Rehm); Common Stock — 17,538 shares (Direct)

Footnotes (1)

1. F1. Includes employer contribution with automatic dividend reinvestment

FAQ

What insider activity did Stock Yards Bancorp (SYBT) report for Michael Rehm?

The filing reports that Executive Vice President Michael Rehm received a grant of 2,899 Stock Appreciation Rights on February 19, 2026, and updates his direct and indirect holdings in both Stock Appreciation Rights and common shares of Stock Yards Bancorp, Inc..

How many Stock Appreciation Rights were granted to SYBT executive Michael Rehm?

Executive Vice President Michael Rehm was granted 2,899 Stock Appreciation Rights on February 19, 2026. These rights were acquired at no cash price at grant and are reported as directly owned derivative securities linked to Stock Yards Bancorp, Inc.’s common stock.

What are Michael Rehm’s reported direct common stock holdings in SYBT?

Following the reported transactions, Michael Rehm directly holds 17,538 shares of Stock Yards Bancorp, Inc. common stock. This figure represents his direct ownership only and is disclosed separately from his indirect holdings and Stock Appreciation Right positions.

What indirect Stock Yards Bancorp common stock does Michael Rehm hold?

The Form 4 shows Michael Rehm indirectly holds 2,639 common shares of Stock Yards Bancorp, Inc. through a 401K/ESOP account for his benefit. A footnote explains this includes employer contributions with automatic dividend reinvestment in that plan account.

How are Michael Rehm’s 401K/ESOP holdings in SYBT described?

His 401K/ESOP position is listed as 2,639 common shares held indirectly, described as “401K/ESOP FBO Michael Rehm.” A footnote states this balance includes employer contribution with automatic dividend reinvestment in that retirement and employee stock ownership plan.

Does the SYBT Form 4 show any stock sales by Michael Rehm?

The reported data show no sell transactions. The transaction summary lists one acquisition of 2,899 Stock Appreciation Rights and no reported sales, with other entries reflecting holdings or updates that do not have explicit buy or sell transaction codes.

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Accepted by SEC EDGAR 02/23/2026 - 03:57 PM Learn about SEC filing dates

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^*

Rehm Michael

(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)
02/19/2026

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 Stock								2,639(1)	I	401K/ESOP FBO Michael Rehm
Common Stock								17,538	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	$36.65							02/19/2020	02/19/2029	Common Stock	4,003		1,602	D
Stock Appreciation Right	$37.3							02/25/2021	02/25/2030	Common Stock	5,014		5,014	D
Stock Appreciation Right	$50.71							02/25/2022	02/25/2031	Common Stock	2,983		2,983	D
Stock Appreciation Right	$54.91							02/14/2023	02/14/2032	Common Stock	3,350		3,350	D
Stock Appreciation Right	$60.76							02/13/2024	02/13/2033	Common Stock	2,861		2,861	D
Stock Appreciation Right	$47.95							02/12/2025	02/12/2034	Common Stock	3,422		3,422	D
Stock Appreciation Right	$75.21							02/10/2026	02/10/2035	Common Stock	2,447		2,447	D
Stock Appreciation Right	$68.33	02/19/2026		A		2,899		02/19/2027	02/19/2036	Common Stock	2,899	$0	2,899	D

Explanation of Responses:

1. Includes employer contribution with automatic dividend reinvestment

	/s/ Vycki Seigle, by Power of Attorney	02/23/2026
	** 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.
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