Stock Yards EVP exercises rights, shares withheld for tax
Stock Yards Bancorp Executive Vice President Thomas C. Stinnett reported compensation-related equity activity in company stock.
Rhea-AI Filing Summary
Stock Yards Bancorp Executive Vice President Thomas C. Stinnett reported compensation-related equity activity in company stock. On June 12, 2026, he exercised 3,606 Stock Appreciation Rights, receiving the same number of shares of common stock at an exercise price of $40.00 per share. To cover tax obligations, 2,646 shares of common stock were withheld at a price of $75.58 per share, which is a non-market, tax-withholding disposition rather than an open-market sale. Following these transactions, Stinnett directly holds 68,563 shares of Stock Yards Bancorp common stock, plus indirect holdings of 13,928 shares through a KSOP account and 497 shares held by his spouse. He also retains a sizable portfolio of outstanding Stock Appreciation Rights tied to additional shares of common stock, with exercise prices ranging from the mid‑$20s to mid‑$70s and expirations extending out to 2036, indicating continuing long-term equity exposure.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation exercise with tax withholding; no open-market trading.
The filing shows Thomas C. Stinnett exercising 3,606 Stock Appreciation Rights at $40.00 per share and receiving the same number of common shares. This is a standard derivative exercise that converts compensation into stock rather than an open-market purchase.
To satisfy tax obligations, the issuer withheld 2,646 shares at $75.58 per share, classified as an F-code tax-withholding disposition. Such withholding is mechanical and does not represent discretionary selling pressure in the market.
Post-transaction, Stinnett holds 68,563 common shares directly, plus indirect holdings and a broad set of remaining Stock Appreciation Rights expiring through 2036. The pattern is consistent with ongoing participation in long-term incentive programs rather than a shift in sentiment, so the overall impact is neutral.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 3,606 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,606 | $40.00 | $144K |
| Exercise Price or Tax Liability | Common Stock | 2,646 | $75.58 | $200K |
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. Includes shares acquired through automatic dividend reinvestment.
Key Figures
Key Terms
Stock Appreciation Right financial
tax-withholding disposition financial
KSOP financial
automatic dividend reinvestment financial
FAQ
What did SYBT executive Thomas C. Stinnett do in this Form 4 filing?
Was the SYBT Form 4 transaction an open-market sale or purchase?
What is the significance of the F-code tax-withholding in the SYBT Form 4?
What derivative positions does Thomas C. Stinnett still hold in SYBT?
How large was Thomas C. Stinnett’s Stock Appreciation Right exercise in dollar terms?
AI-generated analysis. How Rhea-AI works. Not financial advice.
