Form 4: 1st Source Corp Director Mark D. Schwaber Buys Shares
SEC Form 4 Filing
Director Mark D. Schwaber acquired 175 shares of 1st Source Corp (SRCE) at $62.75 per share on February 3, 2025.
Summary
- On February 3, 2025, Mark D. Schwaber, a director of 1st Source Corp (SRCE), purchased 175 shares of common stock.
- The purchase price was $62.75 per share.
- Following the transaction, Schwaber directly owns 26,873 shares of 1st Source Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It reflects a routine transaction by a company director. While insider buying can be seen as a positive signal, the small number of shares purchased doesn't suggest a strong conviction.
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
This is a standard SEC Form 4 filing, which is required when a company insider (such as a director or officer) buys or sells shares in their own company. These filings are closely watched by investors as they can provide insights into management's view of the company's prospects.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/03/2025 | Date of transaction: Mark D. Schwaber purchased 175 shares of 1st Source Corp. |
| 02/05/2025 | Date of signature by John B. Griffith, Attorney-in-Fact. |
Keywords
Form 4, insider trading, stock purchase, director, SRCE, 1st Source Corp, Schwaber
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