Stock Yards (SYBT) director gets 55-share deferred stock award

Rhea-AI Filing Summary

Stock Yards Bancorp, Inc. director John Schutte reported updated holdings, including an award of 55 shares of common stock at $73.09 per share credited to a Trust Director Deferred Comp Plan. After this grant, he holds 9,062 shares indirectly through the plan and 82,940 shares directly, some acquired via automatic dividend reinvestment. He also continues to hold a stock appreciation right tied to 1,000 underlying common shares at an exercise price of $38.85 per share, expiring on August 28, 2028.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Schutte John

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	55	$73.09	$4K
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 9,062 shares (Indirect, Trust Director Deferred Comp Plan); Stock Appreciation Right — 1,000 shares (Direct, null); Common Stock — 82,940 shares (Direct, null)

Footnotes (1)

1. Includes shares acquired through automatic dividend reinvestment. Restricted Stock Unit cancelled

Key Figures

Director stock award: 55 shares at $73.09 Direct common shares: 82,940 shares Indirect common shares: 9,062 shares +2 more

5 metrics

Director stock award 55 shares at $73.09 Common stock grant to Trust Director Deferred Comp Plan

Direct common shares 82,940 shares Direct holdings following reported transactions

Indirect common shares 9,062 shares Held through Trust Director Deferred Comp Plan

Stock Appreciation Right exercise price $38.85 per share Tied to 1,000 underlying common shares

Underlying shares for SAR 1,000 shares Common stock underlying stock appreciation right, expiring August 28, 2028

Key Terms

Stock Appreciation Right, Trust Director Deferred Comp Plan, automatic dividend reinvestment, Restricted Stock Unit

4 terms

Stock Appreciation Right financial

"He also continues to hold a stock appreciation right tied to 1,000 underlying common shares"

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.

Trust Director Deferred Comp Plan financial

"credited to a Trust Director Deferred Comp Plan"

automatic dividend reinvestment financial

"holds 82,940 shares directly, some acquired via automatic dividend reinvestment"

Restricted Stock Unit financial

"Restricted Stock Unit cancelled"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

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

X

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^*

Schutte John

(Last) (First) (Middle)

PO BOX 32890

(Street)

LOUISVILLE KENTUCKY 40232-2890

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								82,940(2)	D
Common Stock	04/28/2026		A		55	A	$73.09	9,062(1)	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	$38.85							08/28/2019	08/28/2028	Common Stock	1,000		1,000	D

Explanation of Responses:

1. Includes shares acquired through automatic dividend reinvestment.

2. Restricted Stock Unit cancelled

	/s/ Vycki Seigle, by Power of Attorney	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did SYBT director John Schutte report?

Director John Schutte reported receiving an award of 55 shares of Stock Yards Bancorp common stock at $73.09 per share. These shares were credited to a Trust Director Deferred Comp Plan as part of compensation, rather than purchased in an open-market transaction.

How many Stock Yards Bancorp (SYBT) shares does John Schutte hold after this filing?

After the reported award, John Schutte holds 82,940 shares of Stock Yards Bancorp common stock directly and 9,062 shares indirectly through a Trust Director Deferred Comp Plan, reflecting compensation and prior holdings, including shares from automatic dividend reinvestment.

What is the nature of John Schutte’s 55-share grant in SYBT?

The 55-share position in Stock Yards Bancorp represents a grant or award, not a market purchase. It was credited at $73.09 per share into a Trust Director Deferred Comp Plan as part of director compensation arrangements, according to the Form 4 data.

What stock appreciation right does John Schutte hold in Stock Yards Bancorp?

John Schutte holds a Stock Appreciation Right tied to 1,000 underlying SYBT common shares with an exercise price of $38.85 per share. This right expires on August 28, 2028, providing derivative exposure rather than direct share ownership.

Are any of John Schutte’s SYBT holdings from dividend reinvestment?

Yes. A footnote explains that his Stock Yards Bancorp holdings include shares acquired through automatic dividend reinvestment. This means some dividends were automatically converted into additional shares instead of being paid out in cash.

Did John Schutte sell any Stock Yards Bancorp (SYBT) shares in this Form 4?

The reported Form 4 shows no open-market sales or purchases. It reports a 55-share grant into a deferred compensation trust and lists existing direct and derivative positions, with the transaction classified as a grant or award acquisition rather than a sale.