Form 4: 1st Source Corp CFO Brett A. Bauer Reports Acquisition of Common Stock

Brett A. Bauer, CFO of 1st Source Corp, reports acquiring 1,558 shares of common stock and indirect ownership of 2,829 shares through a 401(k) plan.

Summary

• On February 21, 2025, Brett A. Bauer, the Treasurer and CFO of 1st Source Corp, acquired 1,558 shares of common stock.
• These shares were acquired at a price of $0.
• Following the transaction, Mr. Bauer directly owns 22,687 shares of 1st Source Corp common stock.
• Mr. Bauer also indirectly owns 2,829 shares through a 401(k) plan, based on a plan statement dated December 31, 2024.
• Between January 1, 2024, and December 31, 2024, Mr. Bauer acquired 223 shares of 1st Source Corporation common stock under the 401(k) plan.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition. The acquisition itself can be seen as slightly positive, but the form is purely informational.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Insider trading activity is closely monitored as it can provide insights into the company's performance and future prospects relative to its peers in the financial services industry.

Comparison to Industry Standards

• Comparing Mr. Bauer's transactions to those of executives at similar regional banks like Old National Bancorp or Huntington Bancshares could provide context on whether this level of insider activity is typical.
• Benchmarking the EIP awards against industry standards for executive compensation in the banking sector would offer further insight.

Stakeholder Impact

• The reported transaction could have a minor positive impact on shareholder sentiment, as it signals confidence from a key executive.

Key Dates