Form 4: 1st Source Corp Director Mark D. Schwaber Buys Shares
SEC Form 4 Filing
Director Mark D. Schwaber acquired 217 shares of 1st Source Corp (SRCE) at $64.41 per share on August 1, 2024.
Summary
- On August 1, 2024, Mark D. Schwaber, a director of 1st Source Corp, purchased 217 shares of common stock at a price of $64.41 per share.
- Following this transaction, Schwaber directly owns 26,518 shares of 1st Source Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the small number of shares purchased doesn't indicate 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
Insider transactions are closely monitored by investors as they can provide insights into a company's prospects, although they don't always indicate a definitive trend.
Stakeholder Impact
- The purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Mark D. Schwaber purchased 217 shares of 1st Source Corp. |
| 08/05/2024 | Date of signature on the Form 4 filing. |
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