Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 2

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 2
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 FOR              |        26 |

How to Vote Your Shares

You may vote your shares using one of the following methods:

| www.proxyvote.com | Call toll-free 
 1-800-690-6903 | Scan the QR Code on           
 your proxy card               
 (above QR code is not active) | Complete, sign, date    
 and return the enclosed 
 proxy card              | Attend and vote online at:                 
 www.virtualshareholdermeeting.com/SYBT2025 |

<div align='center'>YOUR VOTE IS IMPORTANT!

PLEASE CAST YOUR VOTE PROMPTLY</div>

Attending the Virtual Annual Meeting

Our 2025 Annual Meeting will be held in a virtual-only format via a live webcast. You will be able to attend the meeting online, vote your shares electronically and submit questions either before or during the meeting by following the information and instructions provided in this Proxy Statement. To attend the Annual Meeting online, simply visit the virtual meeting website at www.virtualshareholdermeeting.com/SYBT2025. In order to be admitted to the meeting, you will need to enter the 16-digit control number located on your Notice of Internet Availability of Proxy Materials or email notice or, if you received a paper copy of the proxy materials, your proxy card or voting instruction form. For more information about joining the online meeting, go to page 6.

Table of Contents

| GENERAL INFORMATION ABOUT THE ANNUAL MEETING                                            |  1 |     | EXECUTIVE COMPENSATION                                              |  29 |
| CORPORATE GOVERNANCE                                                                    |  8 |     | Compensation Discussion and Analysis                                |  29 |
| Corporate Governance Highlights                                                         |  8 |     | Report of the Compensation Committee                                |  49 |
| Role of the Board of Directors                                                          |  8 |     | Executive Compensation Tables and Narrative Disclosure              |  50 |
| Corporate Governance Guidelines                                                         |  9 |     | Summary Compensation Table                                          |  50 |
| Board Leadership Structure                                                              |  9 |     | Grants of Plan-Based Awards Table                                   |  51 |
| Lead Independent Director                                                               |  9 |     | Outstanding Equity Awards at Fiscal Year End Table                  |  52 |
| Committees of the Board                                                                 | 10 |     | SAR Exercises and Stock (RSAs and PSUs) Vesting                     |  54 |
| Non-management Executive Sessions                                                       | 12 |     | Contributory Nonqualified Deferred Compensation Plan                |  55 |