Company: SYBT
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001437749-25-007118
Chunk: 67

Company: Stock Yards Bancorp, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 67
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     |        | 24.38 | % |     |         | 60.94 | % |     |                |  9.75 | % |     |        | 24.38 | % |     |         | 60.94 | % |     |                                    | 19.50 | % |     |        | 48.75 | % |     |         | 121.88 | % |
| Rehm       |     |             |  6.75 | % |     |        | 16.88 | % |     |         | 42.19 | % |     |                |  6.75 | % |     |        | 16.88 | % |     |         | 42.19 | % |     |                                    | 13.50 | % |     |        | 33.75 | % |     |         |  84.38 | % |
| Budnick    |     |             |  6.75 | % |     |        | 16.88 | % |     |         | 42.19 | % |     |                |  6.75 | % |     |        | 16.88 | % |     |         | 42.19 | % |     |                                    | 13.50 | % |     |        | 33.75 | % |     |         |  84.38 | % |

PSUs certified as earned by the Committee at the end of the performance period will be distributed to participants by March 31st of the year following the performance period. All payouts of PSUs will be made in shares of Company Common Stock based on the percentage earned based on the grant-date value as noted in the preceding table.

PSUs generally require the executive to remain employed or serve on the Board of Directors until the end of a performance cycle to vest and be paid in shares of Common Stock, with prorated awards still distributed after the end of the performance cycle to those who leave the Company mid-cycle due to death, disability or retirement (age 60). PSUs also vest at the target level if a change in control occurs before a performance cycle ends. Executives do not receive the benefit of any dividends or other distributions paid on stock related to PSUs until after the stock is actually issued. In addition, executives are required to observe a one-year holding period after vesting, net of any shares sold to pay taxes.

PS