Stock Yards Bancorp (NASDAQ: SYBT) CEO reports stock grant and tax withholding

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. Chairman & CEO James A. Hillebrand received a grant of 3,637 shares of common stock at $64.46 per share on March 23, 2026. To cover tax obligations, 1,585 shares were disposed of, leaving him with 109,344 shares held directly, plus additional indirect common stock holdings and multiple stock appreciation rights tied to future share delivery.

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

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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^*

Hillebrand James A

(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
X	Officer (give title below)		Other (specify below)
	Chairman & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

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								516	I	Trust-Directors' Deferred Comp Plan
Common Stock								26,177	I	KSOP-fbo James Hillebrand
Common Stock	03/23/2026		A		3,637	A	$64.46	110,929	D
Common Stock	03/23/2026		F		1,585	D	$64.46	109,344	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	$35.9							02/20/2019	02/20/2028	Common Stock	7,423		7,423	D
Stock Appreciation Right	$40							03/21/2018	03/21/2027	Common Stock	7,571		0	D
Stock Appreciation Right	$39.32							10/01/2019	10/01/2028	Common Stock	25,000		25,000	D
Stock Appreciation Right	$36.65							02/19/2020	02/19/2029	Common Stock	12,254		12,254	D
Stock Appreciation Right	$37.3							02/25/2021	02/25/2030	Common Stock	14,482		14,482	D
Stock Appreciation Right	$50.71							02/25/2022	02/25/2031	Common Stock	8,615		8,615	D
Stock Appreciation Right	$54.91							02/14/2023	02/14/2032	Common Stock	10,142		10,142	D
Stock Appreciation Right	$60.76							02/13/2024	02/13/2033	Common Stock	9,855		9,855	D
Stock Appreciation Right	$47.95							02/12/2025	02/12/2034	Common Stock	11,788		11,788	D
Stock Appreciation Right	$75.21							02/10/2026	02/10/2035	Common Stock	9,210		9,210	D
Stock Appreciation Right	$68.33							02/19/2027	02/19/2036	Common Stock	11,994		11,994	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	03/24/2026
	** 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)

FAQ

What insider transaction did SYBT CEO James Hillebrand report on this Form 4?

James Hillebrand reported a grant of 3,637 Stock Yards Bancorp common shares. The shares were awarded at a reference price of $64.46 per share, reflecting equity-based compensation rather than an open-market purchase transaction.

How many SYBT shares were withheld for taxes in James Hillebrand’s latest filing?

The filing shows 1,585 Stock Yards Bancorp common shares were disposed of to satisfy tax obligations. This tax-withholding disposition is coded “F” and is part of routine share-based compensation mechanics, not an open-market sale.

How many Stock Yards Bancorp shares does James Hillebrand own directly after this Form 4?

After these transactions, James Hillebrand directly holds 109,344 shares of Stock Yards Bancorp common stock. This figure reflects his post-transaction direct ownership position reported in the filing, excluding his separate indirect holdings and derivative awards.

Does the SYBT CEO hold any indirect shares reported in this Form 4?

Yes. The Form 4 lists 516 common shares held through a Trust-Directors' Deferred Comp Plan and 26,177 common shares held through a KSOP for James Hillebrand. These positions are reported as indirect ownership interests separate from his directly held shares.

What stock appreciation rights tied to SYBT shares does James Hillebrand retain?

The filing lists multiple stock appreciation rights over Stock Yards Bancorp common stock with exercise prices between $35.90 and $75.21. These rights have expiration dates ranging from 2027 to 2036, providing additional equity-based incentive exposure.

Were James Hillebrand’s recent SYBT transactions open-market buys or compensation-related?

The transactions are compensation-related. The 3,637 shares were acquired as a grant, and 1,585 shares were disposed of for tax withholding. There were no open-market purchases or sales reported in this Form 4.