Form 4: 1st Source Corp Director Schurz Acquires 2,032 Shares
SEC Form 4
Director Todd F. Schurz of 1st Source Corp acquired 2,032 shares of common stock at $50.48 per share on June 3, 2024.
Summary
- On June 3, 2024, Todd F. Schurz, a director of 1st Source Corp, acquired 2,032 shares of the company's common stock.
- The shares were purchased at a price of $50.48 per share.
- Following the transaction, Schurz directly owns 11,365 shares of 1st Source Corp.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.
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 performance and future prospects. Purchases by directors are often viewed more favorably than sales.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of transaction: Todd F. Schurz acquired 2,032 shares of 1st Source Corp common stock. |
| 06/05/2024 | Date of signature on the Form 4 filing. |
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