Bank reports 1.51M shares, 5.1% stake in parent
Stock Yards Bank & Trust Company reports beneficial ownership of 1,510,806 shares of Stock Yards Bancorp, Inc. common stock, representing 5.1% of the class.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Stock Yards Bank & Trust Company reports beneficial ownership of 1,510,806 shares of Stock Yards Bancorp, Inc. common stock, representing 5.1% of the class. The filing states the Bank holds sole voting power for 1,510,806 shares, sole dispositive power for 1,178,897 shares, and shared dispositive power for 139,747 shares.
The shares are held in various fiduciary capacities; other persons may have rights to dividends or sale proceeds for certain positions. The filing is signed by a Bank officer and amends prior Schedule 13G information.
Insights
Fiduciary holdings disclosed: Bank holds a 5.1% stake in parent company stock.
The schedule shows the Bank as a beneficial owner in fiduciary roles, with 1,510,806 shares and full voting power over those shares. The breakdown of voting versus dispositive power indicates the Bank can vote these shares while some dispositive authority is shared or allocated for fiduciary clients.
Key dependency is beneficiary rights: the filing notes other persons may receive dividends or proceeds on certain holdings. Subsequent filings may clarify which client accounts or beneficiaries relate to the >5% interest.
Fiduciary disclosure aligns with trust/account management practice; note shared dispositive authority.
The Bank discloses it holds the shares "in its various fiduciary capacities as agent, personal representative, custodian and trustee," explaining mixed control: 1,178,897 shares with sole dispositive power and 139,747 shares with shared dispositive power. This split is typical when assets are held for multiple beneficiaries.
Material follow-ups include beneficiary identification and any changes to voting directions; those details are governed by trust terms and may appear in future amendments if thresholds or control change.
Key Figures
Key Terms
beneficial owner regulatory
sole dispositive power regulatory
Schedule 13G/A regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Stock Yards Bank & Trust disclose in the SYBT Schedule 13G/A?
Is the 5.1% stake in SYBT held personally by the Bank or on behalf of clients?
When was the Schedule 13G/A amendment for SYBT signed and by whom?
AI-generated analysis. How Rhea-AI works. Not financial advice.