Stock Yards Bancorp Executive Captures Gains While Maintaining Large Stake
Rhea-AI Filing Summary
Stock Yards Bancorp (SYBT) Executive Vice President Thomas C. Stinnett reported significant insider transactions on June 24, 2025. The filing reveals the exercise of 6,871 stock appreciation rights at $25.76 and subsequent sale of 4,374 shares at $77.35. Following these transactions, Stinnett holds 63,939 shares directly, plus indirect holdings through spouse (488 shares) and KSOP (13,496 shares). The executive retains multiple tranches of stock appreciation rights totaling 49,397 units with various exercise prices and expiration dates through 2035.
Positive
- Executive retains significant equity position with over 77,000 shares after transaction
- Multiple tranches of SARs remain unexercised indicating long-term commitment
Negative
- Sale of 4,374 shares at $77.35 represents partial reduction in direct holdings
Insights
Executive exercises deeply in-the-money SARs from 2016 grant, selling 63% for likely tax obligations while maintaining significant equity position.
The transaction pattern suggests a planned exercise of stock appreciation rights approaching expiration, with the executive capturing significant value appreciation from $25.76 to $77.35 per share. The retention of approximately 37% of the exercised shares, combined with substantial remaining SAR holdings across multiple grant years, indicates continued long-term alignment with shareholder interests. The executive's total equity exposure remains meaningful with over 77,000 shares held directly and indirectly, plus nearly 50,000 SARs at various strike prices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right | 6,871 | $0.00 | -- |
| Exercise | Common Stock | 6,871 | $25.76 | $177K |
| Tax Withholding | Common Stock | 4,374 | $77.35 | $338K |
| 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)
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