Stinnett Thomas C 4
Research Summary
AI-generated summary
Stock Yards (SYBT) EVP Thomas Stinnett Receives Award; 655 Shares Withheld
What Happened
Thomas C. Stinnett, Executive Vice President of Stock Yards Bancorp, received a stock award of 1,525 shares at $64.46 per share (total value ≈ $98,301) on March 23, 2026. To satisfy tax withholding on the award, 655 of those shares were surrendered at the same price (655 × $64.46 ≈ $42,221). Net of the withholding, Stinnett acquired 870 shares with a net value of about $56,080. This was an award/vesting transaction (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-03-23; Filing date: 2026-03-24 (filed the next day).
- Awarded: 1,525 shares at $64.46 (value ≈ $98,301).
- Withheld/surrendered for taxes (F code): 655 shares at $64.46 (value ≈ $42,221).
- Net shares acquired: 870; net value ≈ $56,080.
- Shares owned after transaction: not reported in the provided filing data.
- Footnote/transaction code: A = award/grant; F = payment of exercise price or tax liability (tax withholding on the award).
- Filing timeliness: filed one day after the transaction (within the typical Form 4 reporting window).
Context
This was a stock award vesting with a portion of shares withheld to cover tax obligations (a common administrative step). Such award-and-withholding transactions are routine compensation events and do not necessarily indicate buy/sell intent in the open market.