SYBT enters CICS agreements with CFO and CLO; CFO's severance tripled to 3x base+bonus

Stock Yards Bancorp, Inc.

Rehm (EVP & CLO) gets new CICS: severance = 2x highest monthly base + highest annual bonus plus 2-year health coverage.
Stinnett (CFO) amendment: severance increased from 2x to 3x base+bonus; health coverage from 2 to 3 years; adds 18-month non-compete and extends non-solicit to 18 months.
Both agreements include 280G tax gross-up provision allowing greater of full amount less excise tax or just below threshold.
Agreements not made in response to any known or anticipated change in control; effective Oct. 16-17, 2023.

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