Stock Yards Bancorp (SYBT) Director Laura L. Wells Sells Shares

What Happened

• Laura L. Wells, a director of Stock Yards Bancorp, sold 6,823 shares in an open-market/private sale on 2026-07-30 at $86.29 per share, totaling roughly $588,757.
• Earlier, on 2026-06-01 she had a derivative transaction reported as an exercise/conversion of 1,000 shares (transaction code M). Footnote indicates this involved a SAR exercise and cancellation of RSUs due to separation.

Key Details

• Sale: 6,823 shares at $86.29 on 2026-07-30 — proceeds ≈ $588,757. (Transaction code S)
• Derivative: 1,000-share exercise/conversion on 2026-06-01; reported at $0.00 (transaction code M). Footnote F2: "Includes SAR exercise and cancellation of RSU's due to separation."
• Footnote F1: some shares include amounts from automatic dividend reinvestment.
• Shares owned after the transactions: not specified in the supplied filing.
• Filing date: 2026-08-03. The Form 4 was filed more than two business days after the reported transaction dates, so the filing appears late (timeliness concern).

Context

• The July 30 transaction is a sale (often routine for insiders); the June 1 entry reflects exercising/settling a derivative (SAR) and cancellation of restricted stock units related to separation, not a straightforward open-market purchase.
• No 10b5-1 plan or other trading plan is noted in the supplied details.
• As always, insider sales are not by themselves proof of company prospects; exercises of SARs/RSU settlements are often administrative or triggered by employment changes.