Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 61

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 61
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11 |
| Customer credit card spend          |     |             |   5 | % |     |          |   3 |
| Credit quality                      |     |             |  10 | % |     |          |  20 |
| Total                               |     |             | 100 | % |     |          | 131 |

The following summarizes the line of business component of Mr. Rehm’s parameter of the plan.

|                |     | Points |     |     | Bonus as a  
 Percent of  
 Base Salary |       |   |
| Threshold      |     |        |  20 |     |             |  5.25 | % |
| Target         |     |        | 100 |     |             | 26.25 | % |
| Maximum        |     |        | 200 |     |             | 52.50 | % |
| Actual Results |     |        | 131 |     |             | 34.32 | % |

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EPS Component

|                |     | EPS ($) |                 |     | Bonus as      
 Percentage of 
 Base Salary   |       |   |
| Threshold      |     |         |            3.22 |     |               |  1.75 | % |
| Target         |     |         |            3.36 |     |               |  8.75 | % |
| Maximum        |     |         | 3.53 or greater |     |               | 17.50 | % |
| Actual Results |     |         |            3.89 |     |               | 17.50 | % |

Ms. Budnick

Ms. Budnick’s short-term incentive includes three components: net new business, income before overhead allocations and taxes, and diluted EPS of the Company. The Committee believes it is important for Ms. Budnick to have both line of business and overall bank performance components to her short-term incentive plan, as growth in departmental profitability directly affects the profitability of the Company and significantly enhances shareholder value. As a result, the Committee believes Ms. Budnick should be partly measured on the overall success of the Company. Ms. Budnick’s incentive is weighted 75% for her line of business and 25% for overall Company performance, and the Compensation Committee considers her line of business goals to be appropriately challenging to attain. The matrix used to compute the incentive award, shown below, is structured such that achievement of target