SCHEDULE 13G/A: Oliver Cromwell Carmichael III Discloses 5.2% Passive Stake in 1st Source Corporation

Oliver Cromwell Carmichael III has filed an amended Schedule 13G, disclosing a beneficial ownership of 5.2% of 1st Source Corporation's common stock as of December 31, 2024.

Summary

• Oliver Cromwell Carmichael III beneficially owns an aggregate of 1,313,829 shares of 1st Source Corporation's common stock.
• This ownership represents 5.2% of the Issuer's outstanding common stock, based on 25,285,937 shares outstanding as of March 12, 2025.
• Mr. Carmichael holds sole voting and dispositive power over 1,294,313 shares.
• Shared voting and dispositive power is held over 19,516 shares.
• Of the total, 739,777 shares are held in various trusts for the benefit of Mr. Carmichael's children, for which he serves as trustee with sole voting and dispositive power.
• An additional 19,516 shares are held directly by Mr. Carmichael's spouse, where he may be deemed to have shared voting and dispositive power.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: This is a standard regulatory disclosure of beneficial ownership, providing factual information without inherent positive or negative sentiment regarding company performance or outlook. The filing indicates a passive investment.

Positives

• The filing provides transparency regarding a significant individual shareholder's stake in 1st Source Corporation.
• The disclosure of a 5.2% stake by a named individual can be interpreted as a vote of confidence in the company, even if passive.

Risks

• This Schedule 13G filing is a disclosure of beneficial ownership and does not detail specific company-related risks or future challenges for 1st Source Corporation.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding 1st Source Corporation's future outlook.

Industry Context

This filing pertains to an individual's beneficial ownership stake in 1st Source Corporation, a financial institution. It is a routine regulatory disclosure and does not provide insights into broader industry trends or competitive dynamics within the banking sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant individual shareholder's stake and the passive nature of their investment.

Key Dates

Keywords

1st Source Corporation, Oliver Cromwell Carmichael III, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Passive Investment, Institutional Investor