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

Edwin S. Saunier reports a Stock Appreciation Right over 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 2031-07-20.

Stock Yards Bancorp director granted 40 shares

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

Edwin S. Saunier reported a grant/award of 40 shares of Stock Yards Bancorp, Inc. common stock on 2026-08-20, credited to a trust under a Director Deferred Compensation Plan and reported as indirect ownership at a reference value of $82.05 per share.

Q: How many SYBT common shares does Edwin S. Saunier own after this Form 4?

After the reported transaction, Edwin S. Saunier reports 6,097 shares of Stock Yards Bancorp, Inc. common stock held indirectly through a trust and 6,217 shares held directly.

Q: Was the SYBT Form 4 transaction a purchase or a grant?

The Form 4 for Stock Yards Bancorp, Inc. reports a grant, award, or other acquisition of 40 common shares (transaction code A), not an open-market purchase or sale.

Stock Yards Bancorp, Inc. (SYBT) director Edwin S. Saunier reported an acquisition of 40 shares of common stock on 2026-08-20 as a grant or award to a trust under a Director Deferred Compensation Plan at a reference value of $82.05 per share, held indirectly.

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Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. (SYBT) director Edwin S. Saunier reported an acquisition of 40 shares of common stock on 2026-08-20 as a grant or award to a trust under a Director Deferred Compensation Plan at a reference value of $82.05 per share, held indirectly. Following this award, he reports indirect ownership of 6,097 common shares, direct ownership of 6,217 common shares, and a Stock Appreciation Right over 1,000 underlying common shares at an exercise price of $47.17 expiring on 2031-07-20.

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	$82.05	$3K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 6,097 shares (Indirect, Trust - Director Deferred Comp Plan); Stock Appreciation Right — 1,000 contracts (Direct); Common Stock — 6,217 shares (Direct)

Key Figures

Common stock grant: 40 shares Grant reference price: $82.05 per share Indirect common shares after transaction: 6,097 shares +3 more

6 metrics

Common stock grant 40 shares Grant/award acquisition on 2026-08-20 to a trust under Director Deferred Comp Plan

Grant reference price $82.05 per share Reference value for the 40-share common stock grant on 2026-08-20

Indirect common shares after transaction 6,097 shares Indirect ownership of Stock Yards Bancorp, Inc. common stock reported after the grant

Direct common shares after transaction 6,217 shares Direct ownership of Stock Yards Bancorp, Inc. common stock reported as of 2026-08-20

Stock Appreciation Right exercise price $47.17 per share Exercise price of Stock Appreciation Right over 1,000 underlying common shares

Stock Appreciation Right underlying shares 1,000 shares Underlying common stock for Stock Appreciation Right expiring 2031-07-20

Key Terms

Stock Appreciation Right, Director Deferred Comp Plan, indirect ownership

3 terms

Stock Appreciation Right financial

"security_title: "Stock Appreciation Right" with underlying common stock"

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.

Director Deferred Comp Plan financial

"nature_of_ownership: "Trust - Director Deferred Comp Plan""

indirect ownership financial

"ownership_type: "indirect" and nature_of_ownership trust designation"

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 a grant/award of 40 shares of Stock Yards Bancorp, Inc. common stock on 2026-08-20, credited to a trust under a Director Deferred Compensation Plan and reported as indirect ownership at a reference value of $82.05 per share.

How many SYBT common shares does Edwin S. Saunier own after this Form 4?

After the reported transaction, Edwin S. Saunier reports 6,097 shares of Stock Yards Bancorp, Inc. common stock held indirectly through a trust and 6,217 shares held directly.

Was the SYBT Form 4 transaction a purchase or a grant?

The Form 4 for Stock Yards Bancorp, Inc. reports a grant, award, or other acquisition of 40 common shares (transaction code A), not an open-market purchase or sale.

How are the newly granted SYBT shares held by Edwin S. Saunier?

The 40 newly awarded Stock Yards Bancorp, Inc. common shares are reported as held indirectly in a Trust - Director Deferred Comp Plan, rather than as direct personal holdings.

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

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Accepted by SEC EDGAR 08/21/2026 - 11:37 AM EDT

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)
08/20/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								6,217	D
Common Stock	08/20/2026		A		40	A	$82.05	6,097	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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	08/21/2026
	** 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)

Source: View Original Filing on SEC EDGAR