Rehm Michael 4

What Happened
Michael Rehm, Executive Vice President of Stock Yards Bancorp (SYBT), received an award of 1,056 shares on 2026-03-23 valued at $64.46/share (total ~$68,070). The company withheld 430 of those shares to satisfy a tax liability (code F), valued at ~$27,718, leaving a net issuance to Rehm of 626 shares (approx. $40,352 based on $64.46/share). This was an equity award/grant (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-23; Form 4 filed 2026-03-24 (timely filing).
• Award: 1,056 shares @ $64.46 = $68,070 (code A).
• Withholding: 430 shares withheld @ $64.46 = $27,718 (code F) to cover tax liability.
• Net shares issued to insider: 626 shares (~$40,352).
• Shares owned after transaction: not disclosed in the provided filing details.
• Notable: code F indicates routine tax withholding on an award; no 10b5-1 plan or late filing indicated.

Context
This was a stock award with company share withholding for taxes — a common, administrative step that reduces the net shares delivered to the insider. Awards and withholding are routine and do not by themselves indicate the insider’s view of the stock; purchases on the open market tend to be more directly informative about sentiment.