Form 4: 1st Source Corp Executive VP John Griffith Reports Acquisition of Shares
SEC Form 4 Filing
John Griffith, Executive VP of 1st Source Corp, reports acquiring shares through EIP awards and a 401(k) plan.
Summary
- John Griffith, Executive VP and Secretary of 1st Source Bank, reported changes in beneficial ownership of 1st Source Corp stock on February 25, 2025.
- The earliest transaction date was February 21, 2025.
- Griffith acquired 1,753 shares of common stock through EIP awards for 2024 at $0 per share.
- He also indirectly acquired 281 shares through the 401(k) plan between January 1, 2024, and December 31, 2024.
- Following these transactions, Griffith beneficially owns 67,876 shares directly and 7,511 shares indirectly through the 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting stock transactions. The acquisition of shares by an executive is mildly positive, but not significantly so.
Positives
- The acquisition of shares by an executive could be seen as a positive signal, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The reported transactions may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| January 1, 2024 | Start date for 401(k) share acquisition period. |
| December 31, 2024 | End date for 401(k) share acquisition period; date of 401(k) plan statement. |
| February 21, 2025 | Date of common stock acquisition through EIP awards. |
| February 25, 2025 | Date of Form 4 filing. |
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