Form 4: 1st Source Director Buys Shares, Bolstering Holdings

1st Source Corporation Director Mark D. Schwabero acquired 184 shares of common stock at $59.55 per share, increasing his beneficial ownership to 28,663 shares.

Summary

• Mark D. Schwabero, a Director of 1st Source Corp (SRCE), acquired 184 shares of common stock.
• The transaction occurred on November 3, 2025, at a price of $59.55 per share.
• Following this acquisition, Mr. Schwabero beneficially owns a total of 28,663 shares of 1st Source Corp common stock.
• The transaction was executed pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• A Limited Power of Attorney was granted by Mark D. Schwabero on October 22, 2025, to Andrea G. Short, Brian S. Duba, and Brett A. Bauer for Section 16 reporting obligations.

Sentiment

Score: 7

Explanation: The acquisition of shares by a director is generally viewed as a positive signal, indicating management's confidence in the company's valuation and future prospects. The transaction being part of a 10b5-1 plan suggests it was pre-scheduled rather than a reaction to immediate news, but still represents a planned investment.

Positives

• An insider (Director Mark D. Schwabero) acquired additional shares, which can signal confidence in the company's future prospects.
• The acquisition increases the director's total beneficial ownership, aligning his interests further with shareholders.

Future Outlook

NA

Management Comments

• Mark D. Schwabero acknowledges that the Power of Attorney authorizes, but does not require, each attorney-in-fact to act on information provided without independent verification.
• Mr. Schwabero acknowledges that neither the Company nor the attorneys-in-fact assume any liability for his responsibility to comply with Exchange Act requirements, any failure to comply, or for profit disgorgement under Section 16(b).
• Mr. Schwabero confirms that the Power of Attorney does not relieve him from responsibility for compliance with his obligations under the Exchange Act, including Section 16 reporting requirements.

Industry Context

This insider transaction is a routine disclosure for publicly traded companies and does not inherently provide broader industry context. It reflects an individual director's investment decision within the financial services sector.

Corporate Governance

Stakeholder Impact

• Shareholders: The director's purchase may be interpreted as a positive signal of confidence in the company's future performance, potentially influencing investor sentiment.
• Management: The Power of Attorney ensures compliance with SEC reporting requirements for insider transactions, reducing administrative burden on the director while maintaining transparency.

Key Dates

Recommendation

The acquisition of shares by a director, even if part of a pre-arranged plan, is a positive indicator of insider confidence. While the transaction size is not exceptionally large, it reinforces the alignment of management's interests with shareholders. This filing alone does not warrant a 'buy' or 'sell' recommendation, but it provides a supportive signal for existing holders, suggesting a 'hold' position is appropriate.

Keywords

1st Source Corp, SRCE, Insider Trading, Director Share Purchase, Common Stock, SEC Form 4, Share Acquisition, Mark D. Schwabero