Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On June 10, 2025, David P. Heintzman, an independent member of the Board of Directors (the "Board") of Stock Yards Bancorp, Inc. (the "Company"), notified the Board of his intent to retire as a director of the Company, effective upon the conclusion of the Board's next regularly scheduled meeting on July 15, 2025.

Mr. Heintzman joined Stock Yards Bank & Trust Company in 1985 and held a series of executive positions, including Chief Financial Officer, Executive Vice President and President. Mr. Heintzman served as Chief Executive Officer from 2005 until his retirement from that role in 2018. Mr. Heintzman has served as a director of the Company since 1992, including service as Chairman of the Board. The Company and the Board express their gratitude and appreciation for Mr. Heintzman's 40 years of dedicated service and invaluable contributions.

Mr. Heintzman's decision to retire is not the result of any dispute or disagreement with the Company or the Board on any matter relating to the operations, policies or practices of the Company.