Stock Yards Bancorp (SYBT) director receives 55-share deferred award

Rhea-AI Filing Summary

Stock Yards Bancorp director Edwin S. Saunier received a compensation-related grant of 55 shares of Common Stock at $64.46 per share. The shares were credited to an indirect trust account under a director deferred compensation plan, bringing that indirect position to 5,838 shares.

Saunier also holds 6,217 shares of Common Stock directly and a stock appreciation right over 1,000 underlying shares at a $47.17 exercise price, expiring July 20, 2031. These entries reflect updated holdings and a routine equity award rather than open-market buying or selling.

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
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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^*

Saunier Edwin S

(Last) (First) (Middle)

PO BOX 32890

(Street)

LOUISVILLE KENTUCKY 40232

(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)
03/23/2026

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								6,217	D
Common Stock	03/23/2026		A		55	A	$64.46	5,838	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	03/24/2026
	** 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 did Edwin Saunier report in this Stock Yards Bancorp (SYBT) Form 4?

Edwin S. Saunier reported a grant of 55 shares of Stock Yards Bancorp Common Stock at $64.46 per share into a deferred compensation trust, along with updated direct share holdings and details of an existing stock appreciation right.

Was the Stock Yards Bancorp (SYBT) Form 4 a market buy or sell by the director?

The Form 4 does not show any open-market buy or sell. It reports a grant or award of 55 shares into a director deferred compensation trust and updates of existing holdings, which are compensation and reporting events, not discretionary trading.

How many Stock Yards Bancorp (SYBT) shares does Edwin Saunier hold after this filing?

After the reported transactions, Edwin Saunier holds 5,838 shares of Common Stock indirectly through a deferred compensation trust and 6,217 shares directly. The filing also shows a stock appreciation right tied to 1,000 underlying shares of Common Stock.

What stock appreciation right did the Stock Yards Bancorp (SYBT) Form 4 disclose?

The filing lists a stock appreciation right over 1,000 underlying shares of Common Stock with a $47.17 exercise price. It has an expiration date of July 20, 2031 and is held directly, providing additional equity-linked exposure beyond Saunier’s common share holdings.

How should investors interpret the 55-share grant reported for Stock Yards Bancorp (SYBT)?

The 55-share grant appears as a routine compensation-related award into a director deferred compensation trust. It is not an open-market purchase and is small relative to Saunier’s overall reported holdings, so it mainly updates compensation records and ownership totals.