CFO Brett Bauer of 1st Source (SRCE) receives 5,000-share stock award

Rhea-AI Filing Summary

1st Source Corporation reported that Treasurer and CFO Brett A. Bauer received an award of 5,000 shares of common stock on September 23, 2025 at a price of $0 per share under the 1982 Restricted Stock Award Plan and his employment agreement. These shares are subject to vesting and continued employment conditions. After this grant, he directly holds 27,687 common shares and indirectly holds 3,024 shares through a 401(k) plan, including 195 shares acquired in 2025 under that plan.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bauer Brett A.

(Last) (First) (Middle)

PO BOX 1602

(Street)

SOUTH BEND IN 46634

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
1ST SOURCE CORP [ SRCE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Treasurer and CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/23/2025		A(1)		5,000	A	$0	27,687	D
Common Stock								3,024(2)	I	By 401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 1982 Restricted Stock Award Plan (the "Plan") awards pursuant to Employment Agreement dated September 23, 2025 between 1st Source Corporation and Mr. Bauer. Awards are subject to vesting and continued employment requirements as provided in the Plan and Employment Agreement.

2. Between January 1, 2025 and December 31, 2025, Mr. Bauer acquired 195 shares of 1st Source Corporation common stock under the 401(k) plan. The information in this report is based on a plan statement dated December 31, 2025.

Remarks:

	/s/ Brian S. Duba, Attorney-in-Fact	02/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did SRCE CFO Brett Bauer report on this Form 4?

Brett A. Bauer, Treasurer and CFO of 1st Source Corporation (SRCE), reported a grant of 5,000 shares of common stock at $0 per share. The award was made under the company’s 1982 Restricted Stock Award Plan pursuant to his September 23, 2025 employment agreement.

How many 1st Source (SRCE) shares does CFO Brett Bauer own after this grant?

After the reported grant, Brett Bauer beneficially owns 27,687 shares of 1st Source common stock directly. He also holds 3,024 additional shares indirectly through a 401(k) plan, giving him both direct and retirement-plan-based exposure to the company’s stock.

What are the key terms of Brett Bauer’s restricted stock award from 1st Source (SRCE)?

The 5,000-share award to Brett Bauer comes from the 1982 Restricted Stock Award Plan under his September 23, 2025 employment agreement. The shares are subject to vesting and continued employment requirements, meaning he must meet specified service conditions to fully realize the award.

How many SRCE shares did Brett Bauer acquire through the 401(k) plan in 2025?

Between January 1, 2025 and December 31, 2025, Brett Bauer acquired 195 shares of 1st Source common stock through the company’s 401(k) plan. The holdings information reported is based on a plan statement dated December 31, 2025, summarizing his retirement-plan acquisitions.

Is the 5,000-share SRCE grant to Brett Bauer a cashless restricted stock award?

Yes, the filing shows 5,000 shares of 1st Source common stock granted to Brett Bauer at a reported price of $0 per share. This indicates a compensatory restricted stock award rather than a market purchase, aligned with his employment and incentive arrangements.