Form 4: 1st Source Corp Director Mark D. Schwaber Buys Shares
SEC Form 4 Filing
Director Mark D. Schwaber acquired 1,834 shares of 1st Source Corp (SRCE) at $50.48 per share on June 3, 2024.
Summary
- On June 3, 2024, Mark D. Schwaber, a director of 1st Source Corp, purchased 1,834 shares of common stock.
- The purchase price was $50.48 per share.
- Following the transaction, Schwaber directly owns 26,301 shares of 1st Source Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard disclosure of a director purchasing shares, which can be seen as a slightly positive signal, but it's not a major event.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common in the financial industry. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The purchase may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: Mark D. Schwaber purchased 1,834 shares of 1st Source Corp. |
| 06/05/2024 | Date of signature by Attorney-in-Fact. |
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