Director David L. Hardy boosts Stock Yards Bancorp (SYBT) stake via trust

Rhea-AI Filing Summary

Stock Yards Bancorp director David L. Hardy reported acquiring additional company stock through a deferred compensation trust. On January 28, 2026, a trust associated with him acquired 137 shares of Common Stock at $67.65 per share, held as indirect ownership under the Trust Directors Deferred Comp Plan.

Following this acquisition, the trust held 402 Common shares, while Hardy also directly held 2,838 Common shares. He additionally beneficially owned 1,000 Stock Appreciation Rights tied to Common Stock, with an exercise price of $67.85 and exercisable from October 21, 2026 until October 21, 2035.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Hardy David L.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	137	$67.65	$9K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 402 shares (Indirect, Trust Directors Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct); Common Stock — 2,838 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

Hardy David L.

(Last) (First) (Middle)

1040 EAST MAIN STREET

(Street)

LOUISVILLE KY 40206

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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	01/28/2026		A		137	A	$67.65	402	I	Trust Directors Deferred Comp Plan
Common Stock								2,838	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	$67.85							10/21/2026	10/21/2035	Common Stock	1,000		1,000	D

Explanation of Responses:

	/s/ Vycki Seigle, by Power of Attorney	01/29/2026
	** 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.

FAQ

Who reported this Form 4 transaction for Stock Yards Bancorp (SYBT)?

Director David L. Hardy reported the transaction. He is identified as a director of Stock Yards Bancorp, Inc., with no officer role or 10% ownership status indicated, and the filing covers both his direct holdings and indirect holdings through a deferred compensation trust.

How many Stock Yards Bancorp shares were acquired in this Form 4?

A trust associated with David L. Hardy acquired 137 shares of Common Stock on January 28, 2026 at a price of $67.65 per share, increasing the number of shares attributed to the Trust Directors Deferred Comp Plan.

What are David L. Hardy’s Stock Yards Bancorp holdings after this transaction?

After the reported transaction, a trust associated with Hardy held 402 Common shares indirectly. He also directly held 2,838 Common shares and 1,000 Stock Appreciation Rights tied to Common Stock, providing additional potential equity exposure if those rights are later exercised.

How are the 137 Stock Yards Bancorp shares in this Form 4 held?

The 137 acquired shares are held indirectly under a vehicle described as the Trust Directors Deferred Comp Plan. This means the reporting person’s economic interest is reflected through the trust arrangement rather than as directly registered shares in his own name.

What derivative securities does David L. Hardy hold in Stock Yards Bancorp?

Hardy beneficially owns 1,000 Stock Appreciation Rights linked to Stock Yards Bancorp Common Stock, with an exercise price of $67.85. These rights become exercisable on October 21, 2026 and expire on October 21, 2035, providing long-term equity-linked compensation.

Is the reported indirect ownership in SYBT held through a specific plan?

Yes. The indirect ownership of 402 Common shares is attributed to the Trust Directors Deferred Comp Plan. The plan holds shares on behalf of the director, reflecting deferred compensation arrangements rather than traditional directly registered personal holdings.