Form 4: Director Timothy K. Ozark Increases Stake in 1st Source
Statement of Changes in Beneficial Ownership
Director Timothy K. Ozark acquired 1,583 shares of 1st Source Corp common stock at a price of $73.49 per share.
Summary
- Director Timothy K. Ozark purchased 1,583 shares of 1st Source Corp (SRCE) common stock.
- The transaction occurred on June 3, 2026.
- The purchase price was $73.49 per share.
- Following this transaction, the director's total beneficial ownership is 52,019 shares.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a positive signal, as it reflects direct financial commitment from a member of the board of directors.
Positives
- Insider confidence is demonstrated by the director increasing his equity position in the company.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
Not applicable for this filing type.
Industry Context
StockSavvy.ai notes that director-level insider buying is generally viewed as a positive signal of management's belief in the long-term value of the financial institution.
Comparison to Industry Standards
- Insider buying is a standard practice among regional bank directors to align interests with shareholders.
Stakeholder Impact
- Shareholders may view this as a sign of stability and confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 06/03/2026 | Date of the stock purchase transaction. |
| 06/05/2026 | Date the Form 4 was signed and filed. |
Keywords
1st Source Corp, SRCE, Insider Trading, Form 4, Director Purchase
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