Form 4: 1st Source Corp Director Mark D Schwabero Acquires 180 Shares
SEC Form 4
Director Mark D Schwabero of 1st Source Corp (SRCE) acquired 180 shares of common stock at a price of $60.94 on November 1, 2024.
Summary
- On November 1, 2024, Mark D Schwabero, a director of 1st Source Corp (SRCE), purchased 180 shares of the company's common stock.
- The shares were acquired at a price of $60.94 per share.
- Following the transaction, Schwabero directly owns 26,698 shares of 1st Source Corp.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. A director buying shares is generally perceived as a slightly positive sign, but the small quantity of shares purchased makes it difficult to draw strong conclusions.
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
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This purchase is a small transaction and may not be indicative of a larger trend.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of transaction: Mark D Schwabero acquired 180 shares of 1st Source Corp common stock. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.