Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 64

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 64
---
 of the participant’s 2024 base salary and is subsequently expressed as a number of shares of Company Common Stock valued on the date of grant. The following table summarizes the equity awards made to NEOs in 2024.

The Compensation Committee generally makes grants of stock awards to our NEOs at the second Compensation Committee meeting of our fiscal year, which typically occurs in mid-February. Awards are neither timed to relate to the price of our stock nor to correspond with the release of material non-public information, although grants are generally made when our stock trading window is open. Grants to current employees are generally effective on the date of the Compensation Committee meeting approving such grants. Grants to new employees, including potential NEOs, are typically made at the next regularly scheduled Compensation Committee meeting following the employee’s start date. The standard vesting schedule for our equity grants is 100% after the third year for PSUs and 20% per year over five years for SARs.

2024 Grant Summary

|            |     | % of Base 
 Salary    |    |   |     | PSUs at Target (1) 
 Number             
 Granted            |        |     | Fair Value |         |     | SARs (2) 
 Number   
 Granted  |        |     | Fair Value |         |
|:-----------|:----|:----------|---:|:--|:----|:-------------------|-------:|:----|:-----------|--------:|:----|:---------|-------:|:----|:-----------|--------:|
| Hillebrand |     |           | 85 | % |     |                    | 11,808 |     | $          | 494,023 |     |          | 11,788 |     | $          | 164,677 |
| Poindexter |     |           | 70 | % |     |                    |  6,273 |     |            | 262,468 |     |          |  6,263 |     |            |  87,494 |
| Stinnett   |     |           | 65 | % |     |                    |  4,951 |     |            | 207,160 |     |          |  4,943 |     |            |  69,046 |
| Rehm       |     |           | 45 | % |     |                    |  3,428 |     |            | 143,431 |     |          |