Form 4: 1st Source Corp Director Murphy Details Extensive Holdings

Carmen C. Murphy, a Director and 10% owner of 1st Source Corp, filed a Form 4 detailing her direct and indirect beneficial ownership of over 4.3 million common shares.

Summary

• Carmen C. Murphy, a Director and 10% owner of 1st Source Corp (SRCE), filed a Statement of Changes in Beneficial Ownership (Form 4) reporting her current holdings.
• The filing indicates direct beneficial ownership of 765,938 shares of 1st Source Corp common stock.
• Indirect beneficial ownership totals 3,556,844 shares, held through various entities including her spouse, an LLC, and multiple trusts.
• The aggregate beneficial ownership reported by Ms. Murphy is 4,322,782 shares of 1st Source Corp common stock.
• Ms. Murphy included disclaimers of beneficial ownership for shares held by her spouse, the LLC (exceeding her pecuniary interest), and trusts (except to the extent of her pecuniary interest).
• A Limited Power of Attorney, effective December 15, 2025, was granted by Ms. Murphy to Andrea G. Short, Brian S. Duba, and Brett A. Bauer to manage her Section 16 reporting obligations.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports existing beneficial ownership without detailing any transactions or new strategic information.

Positives

• A significant portion of 1st Source Corp's stock is held by a director and 10% owner, indicating strong insider alignment with shareholder interests.

Risks

• The reporting person disclaims beneficial ownership for a substantial portion of the indirectly held shares, which could introduce complexity in assessing the full extent of her control or economic interest in those specific shares for Section 16 purposes.

Management Comments

• Mrs. Murphy disclaims beneficial ownership of these shares of common stock, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of these shares of common stock for purposes of Section 16 or for any other purpose. (Regarding spouse's shares)
• Mrs. Murphy disclaims beneficial ownership of those shares of common stock held by the LLC exceeding her pecuniary interest, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of such excess shares of common stock for purposes of Section 16 or for any other purpose. (Regarding LLC shares)
• Mrs. Murphy disclaims beneficial ownership of these shares of common stock except to the extent of her pecuniary interest therein, and the inclusion of these shares of common stock in this Form 3 shall not be deemed an admission of beneficial ownership of all of the reported shares of common stock for purposes of Section 16 or for any other purpose. (Regarding trust shares)

Industry Context

StockSavvy.ai notes that Form 4 filings are standard regulatory disclosures for insiders, providing transparency into their holdings. While this filing details significant insider ownership, it does not inherently reflect broader industry trends or competitive positioning for 1st Source Corp.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant insider's direct and indirect holdings, which can be a positive signal of alignment.
• Regulatory Authorities: Ensures compliance with Section 16 reporting requirements for beneficial ownership.

Key Dates

Keywords

1st Source Corp, SRCE, Carmen C. Murphy, Beneficial Ownership, Form 4, Director, 10% Owner, Insider Holdings, SEC Filing, Corporate Governance, Trusts, LLC, Power of Attorney