Director in Stock Yards Bancorp (SYBT) adds small stock award

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. director Edwin S. Saunier reported a small stock award linked to his board service. On January 28, 2026, a trust under the Director Deferred Compensation Plan was credited with 59 shares of common stock at $67.65 per share.

After this award, the trust held 5,728 indirect shares, while Saunier also held 6,217 common shares directly. He additionally held a stock appreciation right covering 1,000 shares of common stock at an exercise price of $47.17, exercisable from July 20, 2022 until July 20, 2031.

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 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
	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								6,217	D
Common Stock	01/28/2026		A		59	A	$67.65	5,728	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
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	01/28/2026
	** 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

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

Edwin S. Saunier reported a small stock award tied to director compensation. On January 28, 2026, a deferred compensation trust received 59 shares of Stock Yards Bancorp common stock at $67.65 per share, increasing his indirect beneficial holdings through that plan.

How many Stock Yards Bancorp (SYBT) shares does the director hold after this Form 4?

After the reported award, Edwin S. Saunier beneficially owned 6,217 shares of Stock Yards Bancorp common stock directly and 5,728 shares indirectly through a Director Deferred Compensation Plan trust, according to the Form 4 holdings table dated January 28, 2026.

What is the role of the trust in the SYBT director’s share ownership?

The trust is part of a Director Deferred Compensation Plan holding shares for Edwin S. Saunier. It owned 5,728 indirect shares of Stock Yards Bancorp common stock after receiving 59 shares on January 28, 2026, reflecting deferred director compensation rather than an open-market purchase.

What derivative security did the SYBT director report holding?

Edwin S. Saunier reported holding a stock appreciation right tied to 1,000 shares of Stock Yards Bancorp common stock. It has a $47.17 exercise price, became exercisable on July 20, 2022, and expires on July 20, 2031, and is listed as directly owned.

Was the Stock Yards Bancorp Form 4 a purchase or an award of shares?

The Form 4 reflects an award of 59 shares credited to a Director Deferred Compensation Plan trust, not an open-market purchase. The transaction is coded as an acquisition and increases Edwin S. Saunier’s indirect beneficial ownership of Stock Yards Bancorp common stock.