T. Clay Stinnett is the Chief Financial Officer of Stock Yards Bancorp, Inc. He has been with the company since 2000, starting as Vice President of Finance and steadily moving up the ranks to his current position. He holds a Bachelor's degree in Accounting from Transylvania University and is a certified public accountant. Interesting to note, Stinnett was appointed CFO in 2019 after serving as Chief Strategic Officer, a role that focused on the company's growth and market opportunities. His recent compensation showed total earnings of $616,250 in 2023, including a salary of $425,000 and a performance-based bonus related to achieving earnings-per-share targets. Stinnett’s tenure has been marked by a significant emphasis on aligning executive compensation with shareholder interests, which is a big part of their strategic planning. His insights into finance and corporate management continue to drive Stock Yards Bancorp forward.

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T. Clay Stinnett

Ex-CEO of Stock Yards Bancorp

Education

Bachelor's degree in Accounting from Transylvania University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1978 - 47 years ago

CEO of Stock Yards Bancorp for

2 years 0 months (Jun 2021 - Jun 2023)

Previous Experience

Chief Strategic Officer of Stock Yards Bancorp, Inc.

Rivals

Competitors/colleagues of T. Clay Stinnett

Richard M. Adams, Jr.

CEO of United Bankshares

2023 Compensation

Stock

$609.36K

Salary

$1.00M

Bonus

$1.09M

Other

$59.30K

Total Holdings

$6.01M

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

Mark K. Hardwick

CEO of First Merchants Corporation

2023 Compensation

Stock

$611.04K

Salary

$728.00K

Bonus

$369.81K

Other

$78.87K

Total Holdings

$128.69K

Drake Mills

CEO of Origin Bancorp

2023 Compensation

Stock

$360.50K

Salary

$835.80K

Bonus

$408.16K

Other

$60.65K

Total Holdings

$11.77M

Holdings

See how much did T. Clay Stinnett make over time.

T. Clay Stinnett has been managing significant holdings as part of his compensation strategy. In the past few years, his stock awards and performance units have reflected a well-thought-out approach to alignment with company performance. For instance, in 2023, he received 207,160 performance stock units that will vest based on set performance goals over three years, although they were valued at $0 this year as they are contingent on future earnings targets. His highest wealth was tied to stock awards from previous years, like in 2022, when he held about $126,000 worth of vested stock linked to the company’s performance metrics. These holdings vary each year as his compensation as CFO also evolves, but they symbolize not just personal wealth but a commitment to the long-term health of the company. The fluctuation in these numbers reflects both the performance nature of his compensation and the company's own market dynamics.

Total Stock Sold

$242.95K

SYBT

$242.95K

8,927 SYBT shares

What if they kept their stock?

If T. Clay Stinnett didn't sell their stock, today they would have:
Extra SYBT8,927 shares worth $341.37K.
This is 40.51% and $98.42K more than what they got when they sold the stock.

Insider Trading

See recent insider trades of T. Clay Stinnett.

SYBT

$252.15K

SYBT at $44.89/share

Mar 25, 2024

Received

SYBT

$412.51K

SYBT at $53.33/share

Mar 24, 2023

Received

SYBT

$337.38K

SYBT at $53.19/share

Mar 28, 2022

Received

SYBT

$203.90K

SYBT at $51.95/share

Mar 25, 2021

Received

SYBT

$130.23K

SYBT at $27.08/share

Mar 25, 2020

Received

SYBT

$181.61K

SYBT at $33.39/share

Mar 25, 2019

Received

SYBT

$108.22K

SYBT at $34.00/share

Mar 23, 2018

Received

SYBT

$151.58K

SYBT at $39.90/share

Mar 24, 2017

Received

SYBT

$80.08K

SYBT at $40.00/share

Nov 14, 2016

Sale

SYBT

$99.57K

SYBT at $29.65/share

Aug 1, 2016

Sale

Compensation History

See how much did T. Clay Stinnett make over time.

In 2023, T. Clay Stinnett's total compensation reached $616,250, marking a mix of a $425,000 salary and a performance bonus of $191,250 based on earnings-per-share targets. His base salary increased slightly from $400,000 the previous year, illustrating a trend of steady growth in his compensation. His bonus was dependent on achieving a diluted EPS target of $3.85, but the actual performance fell short of the minimum threshold, resulting in no annual incentive payout this time. In contrast, in 2022, he earned a more substantial total of $914,693, which included a higher bonus due to exceeding performance expectations from prior years. Stinnett's overall compensation reflects a structure focused on performance, balancing immediate salary with longer-term equity incentives, aimed at retaining talent while keeping executive interests aligned with those of shareholders. This strategy aims to attract talent while incentivizing growth and profitability for Stock Yards Bancorp.

Year

2023

Total Compensation

$616.25K

Salary

$425.00K

Board Justification

The compensation philosophy is designed to attract, retain, and motivate top executive talent while aligning executive interests with shareholder interests through performance-based compensation.

Bonus

$191.25K

Board Justification

The bonus is based on the achievement of diluted EPS targets, with a target set at $3.85 for 2023. However, due to the actual EPS of $3.67 falling below the minimum threshold of $3.71, no annual incentives were paid out.

Other

$0.00

Board Justification

Restricted Stock

$0.00(207.16K PSUs)

Board Justification

The vested stock consists of performance stock units (PSUs) that were granted in 2023 and are linked to performance metrics over a three-year period, with vesting contingent on achieving specified performance goals.

Performance Metrics

The primary performance metric for the annual cash incentive is diluted EPS, with a target of $3.85 for 2023.

Other Stock Yards Bancorp CEOs

Here are other CEOs of Stock Yards Bancorp

Paul J. Bickel, III

Founder and Ex-CEO of Stock Yards Bancorp

February 2018 - May 2021

Laura L. Wells

CEO of Stock Yards Bancorp

June 2023 - Present