Director at Stock Yards Bancorp (SYBT) receives 1,000 stock appreciation rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stock Yards Bancorp, Inc. director Scott P. Davis reported an equity compensation grant rather than an open-market trade. He received a grant of 1,000 Stock Appreciation Rights tied to Common Stock, with an exercise price of $70.21 and an expiration date of May 19, 2036.
The rights become exercisable on May 19, 2027, and represent up to 1,000 underlying shares of Common Stock. The filing also shows that Davis directly holds 13,970 shares of Common Stock after the reported transactions, and there were no reported open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Davis Scott P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Right | 1,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Right — 1,000 shares (Direct, null);
Common Stock — 13,970 shares (Direct, null)
Footnotes (1)
Key Figures
Stock Appreciation Rights granted: 1,000 rights
Exercise price: $70.21 per right
SAR expiration date: May 19, 2036
+3 more
6 metrics
Stock Appreciation Rights granted
1,000 rights
Grant to Scott P. Davis on May 19, 2026
Exercise price
$70.21 per right
Conversion or exercise price for Stock Appreciation Rights
SAR expiration date
May 19, 2036
Expiration of granted Stock Appreciation Rights
Underlying shares
1,000 shares
Common Stock underlying the Stock Appreciation Rights
Common Stock held
13,970 shares
Direct Common Stock holdings after transactions
Net buy/sell shares
0 shares
No net open-market buying or selling reported
Key Terms
Stock Appreciation Right, grant/award acquisition, Common Stock, exercise price
4 terms
Stock Appreciation Right financial
"security_title: "Stock Appreciation Right""
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.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
Common Stock financial
"underlying_security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
exercise price financial
"conversion_or_exercise_price: "70.2100""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Scott P. Davis report in his Form 4 for Stock Yards Bancorp (SYBT)?
Scott P. Davis reported receiving 1,000 Stock Appreciation Rights as equity compensation. These rights relate to Common Stock and are not an open-market purchase or sale, reflecting a grant that adds to his potential future equity exposure in Stock Yards Bancorp.
How many Stock Appreciation Rights did Scott P. Davis receive from SYBT?
He received a grant of 1,000 Stock Appreciation Rights. Each right is tied to one share of Common Stock, giving him the potential economic equivalent of 1,000 shares if exercised in the future, subject to the grant’s terms and vesting schedule.
What is the exercise price and term of the Stock Appreciation Rights granted by SYBT?
The Stock Appreciation Rights have an exercise price of $70.21 per underlying share. They become exercisable on May 19, 2027, and expire on May 19, 2036, giving a long-dated window during which Davis may realize value if the stock price exceeds the exercise level.
Did Scott P. Davis buy or sell SYBT Common Stock in the reported Form 4?
The Form 4 does not show any open-market purchases or sales of Common Stock. It records a compensation-related grant of Stock Appreciation Rights and lists his direct Common Stock holdings, rather than reporting a buy or sell transaction in the market.
When do the newly granted SYBT Stock Appreciation Rights become exercisable?
The Stock Appreciation Rights become exercisable on May 19, 2027. From that date until their expiration on May 19, 2036, Davis may exercise them if conditions are met and the share price makes the rights economically valuable compared with their $70.21 exercise price.