Form 4: 1st Source Corp Director Carmen C. Murphy Reports Share Transfers

Director Carmen C. Murphy of 1st Source Corp reported the transfer of 4,000 shares of common stock, with no monetary value, while also detailing indirect ownership through various trusts and entities.

Summary

• Carmen C. Murphy, a director at 1st Source Corp, filed a Form 4 disclosing a transaction involving 4,000 shares of common stock.
• The shares were transferred on November 6, 2024, with a reported price of $0.
• The filing also details Ms. Murphy's indirect ownership of a substantial number of shares through various trusts, an LLC, and her spouse.
• Ms. Murphy disclaims beneficial ownership of some of these indirectly held shares, except to the extent of her pecuniary interest.
• The total number of shares beneficially owned directly by Ms. Murphy is 768,438, and indirectly owned is 1,173,897.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment. It is a neutral disclosure of share transactions.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders regarding changes in their beneficial ownership of company stock. It is a common practice for directors and officers of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, and this filing is consistent with those requirements.
• The level of detail provided regarding indirect ownership through various trusts and entities is typical for such filings.
• The disclaimer of beneficial ownership for certain indirectly held shares is also a common practice to avoid unintended implications of ownership.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the ownership of company stock by a director.
• The information is relevant to investors who track insider transactions.

Key Dates

Keywords

Form 4, Beneficial Ownership, 1st Source Corp, SRCE, Carmen C. Murphy, Share Transfer, Director, Indirect Ownership, Trusts, LLC