Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 39

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 39
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 |     |       | 130,190 |
| Priebe     |     |                 | 89,250 |     |        | 50,000 |     |        | - |     |                | - |     |                       | - |     |              | 1,165 |     |       | 140,415 |
| Saunier    |     |                 | 67,450 |     |        | 50,000 |     |        | - |     |                | - |     |                       | - |     |              | 1,165 |     |       | 118,615 |
| Schutte    |     |                 | 67,050 |     |        | 50,000 |     |        | - |     |                | - |     |                       | - |     |              | 1,165 |     |       | 118,215 |
| Wells      |     |                 | 63,425 |     |        | 50,000 |     |        | - |     |                | - |     |                       | - |     |              | 1,165 |     |       | 114,590 |

| (1) | In January 2024 each non-employee director then serving on the Board of Directors received a restricted stock unit award under the 2015 Omnibus Equity Compensation Plan. The number of shares granted was equal to $50,000 divided by the fair market value per share on the grant date. Based on the closing price of the Common Stock on the grant date, each director received 955 shares. The restricted stock unit awards, together with all dividend equivalents thereon, fully vest one year from the date of grant. |

| (2) | Each director has the option of deferring some or all of their fees. Investment options include Company stock and various mutual funds. Earnings on the non-employee directors' nonqualified deferred compensation balances are not included above. The investment alternatives of the nonqualified plan do not and have not offered above market rates of interest or preferential returns. |

| (3) | Represents dividends on 2024 restricted stock unit awards. Dividends are held until awards vest. As such, dividends on the shares earned in 2024 were paid in January 2025. |

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE FOR THE ELECTION OF EACH OF THESE NOMINEES

PROPOSAL