Form 4: 1st Source Corp Director Andrea Short Reports Acquisition of Shares
SEC Form 4 Filing
Andrea Short, a director and President of 1st Source Corp, reports acquiring 2,660 shares of common stock and holding 77,375 shares directly, along with 6,789 shares indirectly through a 401(k) plan.
Summary
- On February 21, 2025, Andrea Short, a Director and President of 1st Source Corp, acquired 2,660 shares of common stock.
- The acquisition was part of an EIP (Executive Incentive Plan) award for 2024.
- Following the transaction, Ms. Short directly owns 77,375 shares of 1st Source Corp common stock.
- Additionally, Ms. Short indirectly owns 6,789 shares through a 401(k) plan, based on a plan statement dated December 31, 2024.
- Between January 1, 2024, and December 31, 2024, Ms. Short acquired 263 shares of 1st Source Corporation common stock under the 401(k) plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director suggests confidence, but it's a routine transaction.
Positives
- The acquisition of shares by a company director can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gauge management's sentiment about the company's stock.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-01-01 | Start date for Ms. Short's acquisition of shares under the 401(k) plan. |
| 2024-12-31 | End date for Ms. Short's acquisition of shares under the 401(k) plan; date of the 401(k) plan statement. |
| 2025-02-21 | Date of the reported transaction: acquisition of 2,660 shares of common stock. |
| 2025-02-25 | Date of the Form 4 filing. |
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