Stock Yards Bank (SYBT) discloses 1.51M shares (5.1%) held in fiduciary roles

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

Corporate Governance Analyst

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.

Compliance & Trust Operations Expert

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

Beneficial ownership: 1,510,806 shares Percent of class: 5.1% Sole dispositive power: 1,178,897 shares +2 more

5 metrics

Beneficial ownership 1,510,806 shares Amount beneficially owned reported in Schedule 13G/A

Percent of class 5.1% Percent of common stock class reported in the filing

Sole dispositive power 1,178,897 shares Shares with sole power to dispose as reported

Shared dispositive power 139,747 shares Shares with shared power to dispose as reported

Sole voting power 1,510,806 shares Shares with sole power to vote as reported

Key Terms

beneficial owner, sole dispositive power, Schedule 13G/A

3 terms

beneficial owner regulatory

"is the beneficial owner (as that term is defined in Rule 13d-3) of 1,510,806 shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 1,178,897"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13G/A regulatory

"Item 1. (a) Name of issuer: Stock Yards Bancorp, Inc."

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/21/2026 - 09:33 AM Learn about SEC filing dates

FAQ

What does Stock Yards Bank & Trust disclose in the SYBT Schedule 13G/A?

It discloses beneficial ownership of 1,510,806 shares, representing 5.1% of common stock, and voting and dispositive power breakdowns. The Bank states the shares are held in various fiduciary capacities and that others may have rights to dividends or sale proceeds.

Does the filing show who ultimately controls the 1,510,806 shares for SYBT?

The filing shows the Bank has sole voting power for 1,510,806 shares and differing dispositive powers, but it states other persons may have rights to proceeds or dividends, so ultimate beneficiary control is not fully identified in this amendment.

How much sole dispositive power does Stock Yards Bank & Trust report for SYBT shares?

The Bank reports sole dispositive power for 1,178,897 shares of common stock. An additional 139,747 shares are listed with shared dispositive power, per the filing's ownership breakdown.

Is the 5.1% stake in SYBT held personally by the Bank or on behalf of clients?

The filing states the shares are held "in its various fiduciary capacities as agent, personal representative, custodian and trustee," indicating the Bank holds the 1,510,806 shares on behalf of clients or beneficiaries rather than for its own investment account.

When was the Schedule 13G/A amendment for SYBT signed and by whom?

The amendment is signed by John Sousan, Director of Wealth Management Operations for Stock Yards Bank & Trust Company, with the signature dated 04/21/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Stock Yards Bancorp, Inc.

(Name of Issuer)

Common Stock, no par value

(Title of Class of Securities)

861025104

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 861025104

1

Names of Reporting Persons

STOCK YARDS BANK & TRUST CO

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

KENTUCKY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,510,806.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,178,897.00
8	Shared Dispositive Power 139,747.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,510,806.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Stock Yards Bancorp, Inc.
(b)	Address of issuer's principal executive offices: 1040 E MAIN ST, LOUISVILLE, KENTUCKY, 40206.
Item 2.
(a)	Name of person filing: Stock Yards Bank & Trust Company
(b)	Address or principal business office or, if none, residence: 1040 East Main Street, Louisville, Kentucky 40206
(c)	Citizenship: A Kentucky Corporation
(d)	Title of class of securities: Common Stock, no par value
(e)	CUSIP No.: 861025104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The Bank, in its various fiduciary capacities as agent, personal representative, custodian and trustee, is the beneficial owner (as that term is defined in Rule 13d-3) of 1,510,806 shares of the Common Stock, no par value, of Stock Yards Bancorp, Inc., the Bank's parent company.
(b)	Percent of class: 0.00%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,510,806
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,178,897
	(iv) Shared power to dispose or to direct the disposition of: 139,747
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Other persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, certain of the securities held by the Stock Yards Bank & Trust Company in its various fiduciary capacities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

STOCK YARDS BANK & TRUST CO

Signature:	John Sousan
Name/Title:	Director of Wealth Management Operations Wealth Management & Trust
Date:	04/21/2026