1st Source (SRCE) EVP gets 4,096-share 2025 incentive award

Rhea-AI Filing Summary

Murphy Kevin Carmichael reported acquisition or exercise transactions in this Form 4 filing.

1st Source Corp Executive Vice President Murphy Kevin Carmichael received a grant of 4,096 shares of common stock as an EIP award for 2025, at a price of $0.00 per share. Following this award, his directly held stake increased to 123,787 shares of common stock.

The filing also reports indirect holdings of common stock, including 9,327 shares by a 401(k) plan, 10,649 shares by his spouse, and 16,241 shares by a child, which are listed as separate forms of beneficial ownership.

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^*

Murphy Kevin Carmichael

(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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		A(1)		4,096	A	$0	123,787	D
Common Stock								9,327	I	By 401(k)
Common Stock								10,649	I	By Spouse
Common Stock								16,241	I	By Child

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. EIP awards for 2025.

Remarks:

	/s/ Brian S. Duba, Attorney-in-Fact	02/18/2026
	** 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 1st Source Corp (SRCE) report for Murphy Kevin Carmichael?

1st Source Corp reported that Executive Vice President Murphy Kevin Carmichael received a grant of 4,096 shares of common stock. The award was made at $0.00 per share as part of an equity incentive program for 2025.

How many 1st Source Corp (SRCE) shares were granted in this Form 4 filing?

The Form 4 shows a grant of 4,096 shares of 1st Source Corp common stock. These shares were awarded under an equity incentive plan for 2025 and were recorded as a grant or award rather than an open-market purchase.

At what price were the 1st Source Corp (SRCE) shares granted to the executive?

The 4,096 shares of 1st Source Corp common stock were granted at a price of $0.00 per share. This indicates a stock award under a compensation plan rather than a cash purchase on the open market.

What is Murphy Kevin Carmichael’s direct ownership in 1st Source Corp (SRCE) after the grant?

After the 4,096-share grant, Murphy Kevin Carmichael directly owns 123,787 shares of 1st Source Corp common stock. This figure reflects only his direct holdings and excludes additional indirect shares reported in the same filing.

What indirect 1st Source Corp (SRCE) holdings are reported for Murphy Kevin Carmichael?

The filing lists 9,327 shares held by a 401(k), 10,649 shares held by his spouse, and 16,241 shares held by a child. These positions are reported as indirect beneficial ownership, separate from his direct 123,787-share stake.

What is the nature of the 4,096-share award in the 1st Source Corp (SRCE) Form 4?

The 4,096-share award is described as a grant or award acquisition tied to EIP awards for 2025. It represents compensation under an equity incentive plan, not a market transaction, and carries a reported price of $0.00 per share.