Company: SYBT
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001437749-25-033206
Chunk: 48

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 48
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.58

			3.4

			Outstanding, September 30, 2025

			337

			$25.76
			-

			$75.21

			$
			46.92

			$
			7,923

			$
			10.18

			5.2

			Vested in the current year

			33

			$36.65
			-

			$60.76

			$
			49.24

			$
			689

			$
			11.24

(1) – Aggregate intrinsic value for SARs is defined as the amount by which the current market price of the underlying stock exceeds the exercise or grant price. 

The following table summarizes activity for RSAs granted:

			Grant date

			weighted

			(in thousands, except per share data)

			RSAs

			average cost

			Unvested at January 1, 2024

			98

			$
			54.23

			Shares awarded

			46

			52.06

			Restrictions lapsed and shares released

			(33
			)

			49.49

			Shares cancelled

			(9
			)

			53.10

			Unvested at December 31, 2024

			102

			$
			54.92

			Unvested at January 1, 2025

			102

			$
			54.92

			Shares awarded

			39

			76.21

			Restrictions lapsed and shares released

			(32
			)

			51.92

			Shares cancelled

			(5
			)

			62.13

			Unvested at September 30, 2025

			104

			$
			62.36

48

Shares expected to be awarded for PSUs granted to executive officers of Bancorp, the three-year performance period for which began January 1 of the award year, are as follows:

			Vesting 

			Shares 

			Grant

			period

			Fair

			expected to

			year

			in years

			value

			be awarded

			2023

			3