Form 4: 1st Source Corp Director Affleck-Graves Acquires 1,884 Shares
SEC Form 4
Director John F. Affleck-Graves purchased 1,884 shares of 1st Source Corp (SRCE) at $50.48 per share on June 3, 2024.
Summary
- On June 3, 2024, John F. Affleck-Graves, a director of 1st Source Corp (SRCE), acquired 1,884 shares of common stock.
- The purchase price was $50.48 per share.
- Following the transaction, Affleck-Graves directly owns 17,215 shares of 1st Source Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into management's perspective on the company's valuation and future performance. A purchase by a director is generally viewed more favorably than a sale.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: John F. Affleck-Graves acquired 1,884 shares of 1st Source Corp common stock. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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