Budnick Shannon 4

What Happened

• Shannon Budnick, Executive Vice President of Stock Yards Bancorp (SYBT), had shares withheld to satisfy tax obligations tied to a prior equity award/option exercise. The filing shows 36 shares withheld on 2026-02-03 at $68.40 ($2,462) and 32 shares withheld on 2026-02-04 at $69.54 ($2,225), for a combined 68 shares and about $4,687.
• These entries are listed as "Disposed" under transaction code F (payment of exercise price or tax liability), which typically means shares were retained/withheld to cover taxes rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-02-03: 36 shares @ $68.40 = $2,462 (withheld)
  • 2026-02-04: 32 shares @ $69.54 = $2,225 (withheld)
• Total shares withheld: 68; total value ≈ $4,687.
• Shares owned after transaction: Not specified in the provided excerpt of the filing (check the full Form 4 for total beneficial ownership).
• Footnotes/transaction code: Code F indicates payment of exercise price or tax liability (share withholding).
• Filing: Form 4 filed 2026-02-05 reporting transactions on 2026-02-03 and 2026-02-04; this appears to be within the typical 2-business-day reporting window.

Context

• These tax-withholding dispositions are routine following option exercises or RSU vesting and do not necessarily signal a change in the insider's view of the company. They differ from voluntary open-market sales because shares are withheld to cover taxes rather than sold for cash proceeds.