Large SRCE stake reported by insider Carmen C. Murphy (SRCE)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carmen C. Murphy, a more than 10% owner of 1st Source Corporation, filed a Form 4 updating her holdings of the company’s common stock. The filing reports 765,938 shares held directly, plus substantial indirect interests through her spouse, an LLC, and multiple trusts.
Indirect positions include 1,184,690 shares held by her spouse, 584,600 shares held by an LLC where she is a voting member, and numerous trust holdings such as 283,897, 646,582 and 228,382 shares in separate trusts. The footnotes state that she disclaims beneficial ownership of many of these shares beyond her pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Murphy Carmen C
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 765,938 shares (Direct);
Common Stock — 1,184,690 shares (Indirect, By Spouse)
Footnotes (1)
- 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 three 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. 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. 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 Form 3 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. Indirect through the 1957 E. L. Morris FBO Carmen C. Murphy Trust. Indirect through the 1959 E. L. Morris FBO Carmen C. Murphy Trust. Indirect through the E.M. Raclin FBO Carmen C. Murphy Trust. Indirect through a 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust. Indirect through a second 1965 E. L. Morris FBO E. M. Raclin and Carmen C. Murphy Trust. Indirect through the Camen C. Murphy Charitable Annuity Trust. Indirect through the Ernestine M. Raclin Charitable Irrevocable Trust FBO Carmen C. Murphy. Indirect through the 1960 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy. Indirect through the Ella Morris Charitable Trust FBO Carmen C. Murphy. Indirect through the Ella Morris Irrevocable Charitable Living Trust FBO Carmen C. Murphy. Indirect through the 1965 Ernestine M. Raclin Irrevocable Trust FBO Carmen C. Murphy.
FAQ
What does the latest Form 4 for 1st Source Corporation (SRCE) show about Carmen C. Murphy?
The Form 4 shows that Carmen C. Murphy is a more than 10% owner of 1st Source Corporation common stock. It lists her direct and indirect holdings across personal accounts, her spouse, an LLC, and multiple trusts, with detailed footnotes explaining each ownership arrangement.
What role does the LLC play in Carmen C. Murphy’s 1st Source Corporation (SRCE) holdings?
The filing shows 584,600 SRCE common shares held indirectly “By LLC.” A footnote states Carmen C. Murphy is a voting member of the LLC and disclaims beneficial ownership of LLC-held shares exceeding her pecuniary interest, limiting how much of that position she treats as economically hers.
Are there any option, warrant, or other derivative positions reported for SRCE in this Form 4?
The Form 4 includes a section for derivative securities but does not list any options, warrants, or other derivatives. Table II appears empty, indicating only common stock positions are reported, all as non-derivative holdings rather than rights to acquire additional shares.