Stock Yards Bancorp director awarded 40 shares

Director Edwin S. Saunier received a small stock award via a deferred compensation trust and continues to hold direct shares and a stock appreciation right in SYBT.

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. (symbol: SYBT) is the issuer of record for a Form 4 filing submitted to the SEC. Saunier Edwin S reported acquisition or exercise transactions in this Form 4 filing.

Stock Yards Bancorp, Inc. (SYBT) reported that director Edwin S. Saunier received an award of 40 shares of common stock on September 21, 2026, credited to a trust under a director deferred compensation plan as indirect holdings. After this award, he holds 6,137 shares indirectly in that plan, 6,217 shares directly, and a stock appreciation right linked to 1,000 underlying shares. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

Grant/Award: 40 shares

Grant/Award 3 txns

Insider Saunier Edwin S

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	40	$78.81	$3K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,137 shares (Indirect, Trust - Director Deferred Comp Plan); Stock Appreciation Right — 1,000 contracts (Direct); Common Stock — 6,217 shares (Direct)

Key Figures

Common stock award: 40 shares Grant valuation price: $78.81 per share Indirect common shares after award: 6,137 shares +4 more

7 metrics

Common stock award 40 shares Awarded to Edwin S. Saunier on September 21, 2026 as indirect holdings

Grant valuation price $78.81 per share Value per share for the 40-share common stock award on September 21, 2026

Indirect common shares after award 6,137 shares Indirect holdings in a director deferred compensation plan after the reported award

Direct common shares held 6,217 shares Direct holdings of Stock Yards Bancorp, Inc. common stock reported by Edwin S. Saunier

Stock appreciation right underlying shares 1,000 shares Underlying common shares for the reported stock appreciation right position

Stock appreciation right exercise price $47.17 per share Exercise price on the stock appreciation right tied to 1,000 underlying shares

Stock appreciation right expiration July 20, 2031 Expiration date of the reported stock appreciation right position

Key Terms

Stock Appreciation Right, deferred compensation plan, indirect ownership

3 terms

Stock Appreciation Right financial

"A Stock Appreciation Right is reported with an exercise price and expiration date."

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.

deferred compensation plan financial

"Shares are held in a trust under a director deferred compensation plan."

A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.

indirect ownership financial

"The 40-share award is reported as indirect ownership through a trust."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did SYBT director Edwin S. Saunier report?

Edwin S. Saunier reported an award of 40 shares of Stock Yards Bancorp, Inc. common stock on September 21, 2026, credited to a trust under a director deferred compensation plan as an indirect holding.

At what price were Edwin S. Saunier’s new SYBT shares valued?

The 40-share award to Edwin S. Saunier was valued at $78.81 per share as reported for the September 21, 2026 transaction, reflecting the grant value of the common stock awarded.

How many SYBT shares does Edwin S. Saunier hold indirectly after this Form 4?

After the September 21, 2026 award, Edwin S. Saunier holds 6,137 shares of Stock Yards Bancorp, Inc. common stock indirectly, through a trust associated with a director deferred compensation plan.

How many SYBT shares does Edwin S. Saunier hold directly after this filing?

The filing shows a direct holding of 6,217 shares of Stock Yards Bancorp, Inc. common stock by Edwin S. Saunier as of the reported date, separate from his indirect holdings through the deferred compensation trust.

What derivative position related to SYBT does Edwin S. Saunier report?

Edwin S. Saunier reports a stock appreciation right tied to 1,000 underlying shares of Stock Yards Bancorp, Inc. common stock, with an exercise price of $47.17 per share and an expiration date of July 20, 2031.

Was Edwin S. Saunier’s SYBT transaction under a Rule 10b5-1 plan?

No. The filing indicates that no Rule 10b5-1 trading plan is affirmed for the reported transactions, meaning the award was not disclosed as being executed under a pre-arranged trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/22/2026 - 12:00 PM Accepted by SEC EDGAR 09/22/2026 - 11:59 AM 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^*

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)
09/21/2026

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								6,217	D
Common Stock	09/21/2026		A		40	A	$78.81	6,137	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$47.17							07/20/2022	07/20/2031	Common Stock	1,000		1,000	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	09/22/2026
	** 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)