SYBT (SYBT) CEO Hillebrand granted 11,994 stock appreciation rights

Rhea-AI Filing Summary

Hillebrand James A reported acquisition or exercise transactions in this Form 4 filing.

Stock Yards Bancorp, Inc. Chairman & CEO James A. Hillebrand received a grant of 11,994 stock appreciation rights on February 19, 2026, at a reported price of $0.00 per right. The filing also lists direct ownership of 107,292 common shares and indirect holdings of 26,177 KSOP shares and 516 deferred compensation plan shares, some of which include dividend reinvestment and employer contributions.

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 KY 40232

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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								516(1)	I	Trust-Directors' Deferred Comp Plan
Common Stock								26,177(2)	I	KSOP-fbo James Hillebrand
Common Stock								107,292	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	02/19/2026		A		11,994		02/19/2027	02/19/2036	Common Stock	11,994	$0	11,994	D

Explanation of Responses:

1. Includes shares acquired through automatic dividend reinvestment.

2. Includes employer contribution with automatic dividend reinvestment

	/s/ Vycki Seigle, by Power of Attorney	02/23/2026
	** 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).
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FAQ

What insider transaction did SYBT Chairman & CEO James A. Hillebrand report?

James A. Hillebrand reported receiving a grant of 11,994 stock appreciation rights. The grant was dated February 19, 2026, and carried a reported price of $0.00 per right, reflecting a compensation award rather than an open-market purchase.

How many stock appreciation rights did James A. Hillebrand receive from Stock Yards Bancorp (SYBT)?

He received 11,994 stock appreciation rights. These rights were granted on February 19, 2026, and are recorded at a transaction price of $0.00 per right, consistent with equity awards typically provided as part of executive compensation packages.

Did James A. Hillebrand buy or sell any Stock Yards Bancorp (SYBT) shares in this Form 4?

The Form 4 shows an acquisition of 11,994 stock appreciation rights, not a market buy or sell of common shares. Other entries in the filing reflect updated holdings in common stock and rights, rather than new open-market purchase or sale transactions.

What are James A. Hillebrand’s reported direct common stock holdings in SYBT?

His direct common stock holdings are reported as 107,292 shares following the transactions. This figure represents shares held in his own name as of the filing date, separate from indirect holdings through benefit or compensation plans.

What indirect Stock Yards Bancorp (SYBT) holdings does James A. Hillebrand report?

He reports 26,177 common shares held indirectly through a KSOP for his benefit and 516 shares held in a directors’ deferred compensation plan trust. Footnotes note that these amounts include shares from automatic dividend reinvestment and employer contributions.

Do dividend reinvestments affect James A. Hillebrand’s reported SYBT holdings?

Yes. Footnotes explain that certain reported holdings include shares acquired through automatic dividend reinvestment. Another footnote adds that employer contributions with automatic dividend reinvestment are also included, increasing positions within the relevant benefit and compensation plans.