Stock Yards Bancorp EVP Sells 2,802 Shares at $78.10, Keeps Large Position
Stock Yards Bancorp (NASDAQ:SYBT) Executive Vice President William Dishman reported a Form 4 filing disclosing the sale of 2,802 shares at $78.10 per share on June 24, 2025.
Rhea-AI Filing Summary
Stock Yards Bancorp (NASDAQ:SYBT) Executive Vice President William Dishman reported a Form 4 filing disclosing the sale of 2,802 shares at $78.10 per share on June 24, 2025. Following the transaction, Dishman directly holds 31,594 shares and maintains indirect ownership of 11,080 shares through spouse and 401k/ESOP accounts. The insider also holds multiple stock appreciation rights totaling 28,062 units with various exercise prices and expiration dates through 2035.
Positive
- Executive maintains significant equity stake with over 42,000 total shares directly and indirectly owned
- Long-term alignment demonstrated through SAR holdings extending to 2035
- Sale price of $78.10 represents premium to most SAR strike prices
Negative
- Insider sale of 2,802 shares worth approximately $218,836
Insights
Executive's sale represents 8.1% of direct holdings but maintains significant equity exposure through derivatives.
The transaction appears to be a moderate portfolio rebalancing rather than a significant bearish signal. The executive retains substantial skin in the game with over 31,500 direct shares plus indirect holdings and a diverse portfolio of SARs with strikes ranging from $35.90 to $75.21. The weighted average exercise price of the SARs is approximately $48.50, suggesting meaningful embedded value given the current share price of $78.10. The executive's continued holding of long-dated SARs through 2035 indicates sustained long-term alignment with shareholder interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,802 | $78.10 | $219K |
| 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 | -- | -- | -- |
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.
