Form 4: Director Mark D. Schwabero Increases Stake in 1st Source

Director Mark D. Schwabero acquired 1,338 shares of 1st Source Corp common stock at a price of $73.49 per share.

Summary

• Director Mark D. Schwabero purchased 1,338 shares of 1st Source Corp (SRCE) common stock.
• The transaction occurred on June 3, 2026, at a price of $73.49 per share.
• Following this acquisition, the director's total beneficial ownership increased to 30,168 shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a mildly positive signal, as it reflects director confidence in the company's long-term prospects through a direct financial commitment.

Positives

• Insider confidence is demonstrated by the director's decision to increase his equity position in the company.

Negatives

• None identified.

Risks

• Market volatility affecting the value of the director's holdings.

Future Outlook

Not applicable as this is a routine insider transaction filing.

Industry Context

StockSavvy.ai notes that insider buying is generally viewed as a positive signal by market participants, suggesting that those with internal knowledge believe the stock is fairly valued or undervalued at current levels.

Comparison to Industry Standards

• Insider acquisitions are standard corporate governance events and align with typical director behavior in the regional banking sector.

Stakeholder Impact

• Shareholders may interpret this purchase as a sign of management confidence in the company's financial health.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

1st Source Corp, SRCE, Insider Trading, Form 4, Director Acquisition