Budnick Shannon 4

What Happened
Shannon Budnick, Executive Vice President of Stock Yards Bancorp, had 48 shares withheld on Feb 5, 2026 to satisfy tax liability related to an equity award or option exercise. The shares were valued at $71.20 each, for a total of approximately $3,418. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-05; Filing date: 2026-02-09 (filed within the 2-business-day window).
• Price per share: $71.20; Shares withheld/disposed: 48; Total value: ~$3,418.
• Transaction code: F — payment of exercise price or tax liability (shares withheld to cover taxes).
• Shares owned after transaction: Not specified in the provided filing details.
• No indication this was a 10b5-1 plan or an open-market sale; it’s a routine tax-withholding action.

Context
When insiders exercise options or receive restricted shares, companies commonly withhold some shares to cover required taxes. These withholdings are administrative and generally don’t signal buying or selling intent in the market. The amount here is modest and should be interpreted as a tax-related transaction rather than a directional bet on the stock.