1st Source (NASDAQ: SRCE) chair reports stock grant and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
1st Source Corporation Executive Chairman Christopher J. Murphy III reported an award of 10,000 shares of common stock on September 23, 2025, at a stated price of $0 per share. The award was granted under the company’s 1982 Restricted Stock Award Plan pursuant to an employment agreement and is subject to vesting and continued employment conditions.
Following this grant, Murphy directly held 495,885 common shares and reported additional indirect holdings through a 401(k) plan, his spouse, a corporation, partnerships, and an LLC. He disclaims beneficial ownership of certain indirectly held shares beyond his pecuniary interest. The filing also notes 1,621 shares acquired in 2025 and 1,672 shares acquired in 2024 through the 401(k) plan that were previously omitted from an earlier Form 4 and are now reflected in the reported 401(k) holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
MURPHY CHRISTOPHER J III
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 495,885 shares (Direct);
Common Stock — 66,023 shares (Indirect, By 401(k))
Footnotes (1)
- 1982 Restricted Stock Award Plan (the "Plan") awards pursuant to Employment Agreement dated September 23, 2025 between 1st Source Corporation and Mr. Murphy. Awards are subject to vesting and continued employment requirements as provided in the Plan and Employment Agreement. Between January 1, 2025 and December 31, 2025, Mr. Murphy acquired 1,621 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. In addition, between January 1, 2024 and December 31, 2024, Mr. Murphy acquired 1,672 shares of 1st Source Corporation common stock under the 401(k) plan. This information is based on a plan statement dated December 31, 2024. These shares were inadvertently omitted from the reporting person's 401(k) plan holdings as reported in the Form 4 filed by the reporting person with the Securities and Exchange Commission on December 11, 2025. Mr. Murphy disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Mr. Murphy disclaims beneficial ownership of those shares held by the partnership exceeding his pecuniary interest, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of such excess shares for purposes of Section 16 or for any other purpose. Mr. Murphy's spouse is a voting member, and Mr. Murphy is a non-voting member, of the LLC. Mr. Murphy disclaims beneficial ownership of those shares held by the LLC exceeding his pecuniary interest, and this report shall not be deemed an admission that Mr. Murphy is the beneficial owner of such excess shares for purposes of Section 16 or for any other purpose.
FAQ
What insider transaction did Christopher J. Murphy III report for 1st Source Corp (SRCE)?
Christopher J. Murphy III reported receiving 10,000 shares of 1st Source Corp common stock on September 23, 2025. The shares were awarded at a stated price of $0 under the 1982 Restricted Stock Award Plan, tied to an employment agreement with vesting and continued employment conditions.
What indirect 1st Source Corp (SRCE) holdings are reported for Christopher J. Murphy III?
The filing lists indirect holdings through a 401(k) plan, his spouse, a corporation, an ERCO III partnership, a limited partnership, and an LLC. Murphy disclaims beneficial ownership of certain indirectly held shares exceeding his pecuniary interest, including those associated with the partnership and LLC structures.
Does Christopher J. Murphy III claim full beneficial ownership of all indirectly held SRCE shares?
No. Murphy expressly disclaims beneficial ownership of certain indirectly held securities, including shares held by a partnership and those in an LLC beyond his pecuniary interest. The filing states these disclaimers mean the report should not be viewed as an admission of beneficial ownership for those excess shares.