FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Poindexter Philip
2. Issuer Name and Ticker or Trading Symbol

Stock Yards Bancorp, Inc. [ SYBT ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President
(Last)          (First)          (Middle)

PO BOX 32890
3. Date of Earliest Transaction (MM/DD/YYYY)

2/25/2021
(Street)

LOUISVILLE, KY 40232
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock         13418 (1)I 401k/ESOP-FBO Philip Poindexter 
Common Stock         32358 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Appreciation Right $35.9000           2/20/2019 2/20/2028 Common Stock 4872  4872 D  
Stock Appreciation Right $15.2600           2/19/2014 2/19/2023 Common Stock 7575  7575 D  
Stock Appreciation Right $19.3700           2/18/2015 2/18/2024 Common Stock 8872  8872 D  
Stock Appreciation Right $22.9600           3/17/2016 3/17/2025 Common Stock 8098  8098 D  
Stock Appreciation Right $25.7600           3/15/2017 3/15/2026 Common Stock 9469  9469 D  
Stock Appreciation Right $40.0000           3/21/2018 3/21/2027 Common Stock 4968  4968 D  
Stock Appreciation Right $39.3200           10/1/2019 10/1/2028 Common Stock 17500  17500 D  
Stock Appreciation Right $36.6500           2/19/2020 2/19/2029 Common Stock 6989  6989 D  
Stock Appreciation Right $37.3000           2/25/2021 2/25/2030 Common Stock 8193  8193 D  
Stock Appreciation Right $50.71 2/25/2021  A   4873    2/25/2022 2/25/2031 Common Stock 4873 $0 4873 D  

Explanation of Responses:
(1) Includes employer contribution with automatic dividend reinvestment

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Poindexter Philip
PO BOX 32890
LOUISVILLE, KY 40232


President

Signatures
/s/ Philip Poindexter3/1/2021
**Signature of Reporting PersonDate

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