Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 73

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 73
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   358,592 |     |             | 143,431 |     |             |   358,578 |     |             | 105,492 |     |             | 263,780 |
| Budnick    |     |             | 120,123 |     |             |   300,375 |     |             |       - |     |             |         - |     |             |       - |     |             |       - |

| (2) | Customary SARs were granted with an exercise price equal to the closing price of the Common Stock on the applicable grant date, or $47.95, $60.76, and $54.91 in 2024, 2023 and 2022, respectively. The fair value of each SAR was $13.97, $16.71 and $10.50 respectively. In addition, Shannon Budnick was awarded 7,500 shares on January 3, 2024, with an exercise price of $49.93 and fair value of $12.76. For assumptions used in valuation of SARs and other information regarding stock-based compensation, refer to Note 18 to the 2024 consolidated financial statements included in our Annual Report on Form 10-K filed with the SEC. |

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| (3) | In the earlier section of this Proxy Statement captioned “Compensation Discussion and Analysis”, we refer to Non-Equity Incentive Plan Compensation as “short-term cash incentives” or “cash incentives.” |

| (4) | All Other Compensation in 2024 consists of the following: |

|                                     |     | Hillebrand |        |     | Poindexter |        |     | Stinnett |        |     | Rehm |        |     | Budnick |        |
|:------------------------------------|:----|:-----------|-------:|:----|:-----------|-------:|:----|:---------|-------:|:----|:-----|-------:|:----|:--------|-------:|
| Matching contribution to 401(k)     |     | $          | 20,700 |     | $          | 20,700 |     | $        | 20,700 |     | $    | 20,700 |     | $       | 20,700 |
| Contribution to ESOP                |     |            |  6,900 |     |            |