<SEC-DOCUMENT>0001437749-23-034549.txt : 20231215
<SEC-HEADER>0001437749-23-034549.hdr.sgml : 20231215
<ACCEPTANCE-DATETIME>20231215153357
ACCESSION NUMBER:		0001437749-23-034549
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20231215
DATE AS OF CHANGE:		20231215

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Stock Yards Bancorp, Inc.
		CENTRAL INDEX KEY:			0000835324
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				611137529
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-13661
		FILM NUMBER:		231490059

	BUSINESS ADDRESS:	
		STREET 1:		1040 E MAIN ST
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40206
		BUSINESS PHONE:		5025822571

	MAIL ADDRESS:	
		STREET 1:		1040 EAST MAIN STREET
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40206

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	S Y BANCORP INC
		DATE OF NAME CHANGE:	19920703

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Hillebrand James A
		CENTRAL INDEX KEY:			0001314458

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		13308 LONGWOOD LANE
		CITY:			GOSHEN
		STATE:			KY
		ZIP:			40026
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>144</submissionType>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001314458</cik>
<ccc>XXXXXXXX</ccc>
</filerCredentials>
</filer>
<liveTestFlag>LIVE</liveTestFlag>


</filerInfo>
</headerData>
<formData>
<issuerInfo>
<issuerCik>0000835324</issuerCik>
<issuerName>Stock Yards Bancorp, Inc.</issuerName>
<secFileNumber>001-13661</secFileNumber>
      <issuerAddress>
<com:street1>1040 E. Main Street</com:street1>
<com:city>Louisville</com:city>
<com:stateOrCountry>KY</com:stateOrCountry>
<com:zipCode>40206</com:zipCode>
</issuerAddress>
<issuerContactPhone>502-625-9133</issuerContactPhone>
<nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Hillebrand, James A. (SYBT)</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
<relationshipsToIssuer>
<relationshipToIssuer>Officer</relationshipToIssuer>
<relationshipToIssuer>Director</relationshipToIssuer>
</relationshipsToIssuer>
</issuerInfo>
<securitiesInformation>
<securitiesClassTitle>Common</securitiesClassTitle>
<brokerOrMarketmakerDetails>
<name>Georgeson Securities</name>
<address>
<com:street1>480 Washington Blvd</com:street1>
<com:city>Jersey City</com:city>
<com:stateOrCountry>NJ</com:stateOrCountry>
<com:zipCode>07310</com:zipCode>
</address>
</brokerOrMarketmakerDetails>
<noOfUnitsSold>5562</noOfUnitsSold>
<aggregateMarketValue>283662.00</aggregateMarketValue>
<noOfUnitsOutstanding>29329422</noOfUnitsOutstanding>
<approxSaleDate>12/14/2023</approxSaleDate>
<securitiesExchangeName>NASDAQ</securitiesExchangeName>
</securitiesInformation>
<securitiesToBeSold>
<securitiesClassTitle>Common</securitiesClassTitle>
<acquiredDate>12/13/2023</acquiredDate>
<natureOfAcquisitionTransaction>Stock Appreciation Right Exercise</natureOfAcquisitionTransaction>
<nameOfPersonfromWhomAcquired>Stock Yards Bancorp, Inc.</nameOfPersonfromWhomAcquired>
<isGiftTransaction>N</isGiftTransaction>
<amountOfSecuritiesAcquired>5562</amountOfSecuritiesAcquired>
<paymentDate>12/13/2023</paymentDate>
<natureOfPayment>Exercise settled in stock</natureOfPayment>
</securitiesToBeSold>
<nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
<noticeSignature>
<noticeDate>12/15/2023</noticeDate>
<signature>/s/ Donna Cleek, Power of Attorney</signature>
</noticeSignature>
</formData>
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<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>hillebrand_poa.htm
<TEXT>
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	<title>sybtc20230720_corresp.htm</title>

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<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 18pt; text-align: right;"><b>Exhibit 24</b></p>

<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;text-indent:18pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;text-indent:18pt;"><b>LIMITED POWER OF ATTORNEY FOR SECTION 16 AND RULE 144</b></p>

<p style="font-family:Times New Roman;font-size:12pt;font-variant:normal;text-align:center;margin:0pt;"><b>REPORTING OBLIGATIONS</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:25pt;">Know all by these presents, that the undersigned hereby constitutes and appoints each of Donna Cleek and Craig Bradley, or either of them acting singly and with full power of substitution, the undersigned&#8217;s true and lawful attorney-in-fact to:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:18pt;">1.&nbsp;&nbsp;&nbsp;&nbsp; execute for and on behalf of the undersigned, in the undersigned&#8217;s capacity as an officer or director of Stock Yards Bancorp, Inc. (the &#8220;Company&#8221;), Forms 3, 4, and 5 (and any amendments thereto) in accordance with Section&nbsp;16(a) of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), and the rules thereunder, and Form 144 (and any amendments thereto) in accordance with Rule 144 of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;);</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:18pt;">2.&nbsp;&nbsp;&nbsp;&nbsp; do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5 or Form 144, complete and execute any amendments thereto, and timely file any such form with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) and any securities exchange or similar authority, including without limitation the filing of a Form ID or any other documents necessary or appropriate to enable the undersigned to file the Forms 3, 4 and 5 and Form 144 electronically with the SEC;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:18pt;">3.&nbsp;&nbsp;&nbsp;&nbsp;seek or obtain, as the undersigned&#8217;s representative and on the undersigned&#8217;s behalf, information on transactions in the Company&#8217;s securities from any third party, including brokers, employee benefit plan administrators and trustees, and the undersigned hereby authorizes any such person to release any such information to each of the undersigned&#8217;s attorneys-in-fact appointed by this Limited Power of Attorney and approves and ratifies any such release of information; and</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin: 0pt 0pt 0pt 0pt;text-indent:18pt;">4.&nbsp;&nbsp;&nbsp;&nbsp;take any other action in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by or for, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Limited Power of Attorney shall be in such form and shall contain such information and disclosure as such attorney-in-fact may approve in such attorney-in-fact&#8217;s discretion.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The undersigned hereby grants to each attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever required, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact&#8217;s substitute or substitutes, shall lawfully do or cause to be done by virtue of this Limited Power of Attorney and the rights and powers herein granted.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request and on the behalf of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned&#8217;s responsibilities to comply with, or any liability for the failure to comply with, any provision of Section 16 of the Exchange Act or Rule 144 of the Securities Act.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">This Limited Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 or 5 or Form 144 with respect to the undersigned&#8217;s holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to each of the foregoing attorneys-in-fact.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:36pt;">IN WITNESS WHEREOF, the undersigned has executed this Limited Power of Attorney as of this __18th__ day of _July______, 2023.</p>

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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

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			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Signed and acknowledged:</p>

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			<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">__/s/ James A. Hillebrand___________</p>
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