1st Source insider gifts 13,700 common shares
1st Source Corp insider Carmen C. Murphy reported a bona fide gift of 13,700 shares of common stock on April 27, 2026.
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Form Type
4
Rhea-AI Filing Summary
1st Source Corp insider Carmen C. Murphy reported a bona fide gift of 13,700 shares of common stock on April 27, 2026. The gift was made at a reported price of $0.00 per share, indicating a non-market, no‑consideration transfer rather than an open‑market sale.
Following the gift, Murphy directly holds 752,238 shares of 1st Source common stock and is also shown with multiple indirect holdings through various trusts, an LLC, and her spouse. She is identified as a ten percent owner, so these updates provide an overview of her sizable ongoing ownership position in the company.
Insider Trade Summary
13,700 shares gifted
Gift
14 txns
Insider
Murphy Carmen C
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 13,700 | $0.00 | $0.00 |
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Holdings After Transaction:
Common Stock — 752,238 shares (Direct);
Common Stock — 1,184,690 shares (Indirect, By Spouse);
Common Stock — 584,600 shares (Indirect, By LLC);
Common Stock — 1,761,574 shares (Indirect, By Trust)
Footnotes (14)
- F1. Includes 495,885 shares of common stock held directly by Mr. Murphy, 66,023 shares of common stock held indirectly by Mr. Murphy under the 1st Source Corporation 401(k) Plan, 125,893 shares of common stock held indirectly by Mr. Murphy through a corporation and 496,889 shares of common stock held indirectly by Mr. Murphy through two limited partnerships. Mrs. Murphy disclaims beneficial ownership of these shares of common stock, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of these shares of common stock for purposes of Section 16 or for any other purpose.
- F2. Mrs. Murphy is a voting member of the LLC. Mrs. Murphy disclaims beneficial ownership of those shares of common stock held by the LLC exceeding her pecuniary interest, and this report shall not be deemed an admission that Mrs. Murphy is the beneficial owner of such excess shares of common stock for purposes of Section 16 or for any other purpose.
- F3. Mrs. Murphy has the power to direct the trustee with respect to the disposition of the reported shares of common stock. Mrs. Murphy disclaims beneficial ownership of these shares of common stock except to the extent of her pecuniary interest therein, and the inclusion of these shares of common stock in this report shall not be deemed an admission of beneficial ownership of all of the reported shares of common stock for purposes of Section 16 or for any other purpose.
- F4. Indirect through the 1957 E. L. Morris FBO Carmen C. Murphy Trust.
- F5. Indirect through the 1959 E. L. Morris FBO Carmen C. Murphy Trust.
- F6. Indirect through the E. M. Raclin FBO Carmen C. Murphy Trust.
- F7. Indirect through a 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.
- F8. Indirect through a second 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust.
- F9. Indirect through the Carmen C. Murphy Charitable Annuity Trust.
- F10. Indirect through the Ernestine M. Raclin Charitable Irrevocable Trust FBO Carmen C. Murphy.
- F11. Indirect through the 1960 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.
- F12. Indirect through the Ella Morris Charitable Trust FBO Carmen C. Murphy.
- F13. Indirect through the Ella Morris Irrevocable Charitable Living Trust FBO Carmen C. Murphy.
- F14. Indirect through the 1965 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.
Key Figures
Gifted shares: 13,700 shares
Gift price: $0.00 per share
Direct holdings after gift: 752,238 shares
+3 more
6 metrics
Gifted shares
13,700 shares
Bona fide gift of common stock on April 27, 2026
Gift price
$0.00 per share
Reported transaction price for the 13,700-share gift
Direct holdings after gift
752,238 shares
Common stock directly held by Murphy following the gift
Indirect via LLC
584,600 shares
Common stock held indirectly through an LLC
Indirect via spouse
1,184,690 shares
Common stock held indirectly by spouse
Largest single trust holding
646,582 shares
Common stock held indirectly by one listed trust
Key Terms
bona fide gift, beneficial ownership, pecuniary interest, Section 16, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"shall not be deemed an admission that Mrs. Murphy is the beneficial owner"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of such excess shares of common stock exceeding her pecuniary interest"
Section 16 regulatory
"for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect through financial
"Indirect through the 1957 E. L. Morris FBO Carmen C. Murphy Trust."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Carmen C. Murphy report for 1ST SOURCE CORP (SRCE)?
Carmen C. Murphy reported a bona fide gift of 13,700 shares of 1st Source Corp common stock. The transaction occurred on April 27, 2026 and was reported at a price of $0.00 per share, indicating a non-market, no‑consideration transfer.
Does the Form 4 for SRCE show any insider buying or selling on the market?
The Form 4 shows no open-market purchases or sales by Carmen C. Murphy. It reports a bona fide gift of 13,700 shares at $0.00 per share and several entries updating indirect holdings through trusts, an LLC, and a spouse.
What types of indirect holdings does Carmen C. Murphy report in 1ST SOURCE CORP?
Carmen C. Murphy reports indirect ownership of 1st Source common stock through multiple trusts, an LLC, and her spouse. Individual entries show share totals for each vehicle, and footnotes explain that she may disclaim beneficial ownership beyond her pecuniary interest.
What does the bona fide gift on the SRCE Form 4 imply about cash proceeds?
A bona fide gift means the 13,700 1st Source shares were transferred without consideration, so no cash proceeds are shown. This differs from an open-market sale and is generally viewed as a non‑market, estate or charitable planning transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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