MURPHY CHRISTOPHER J III 4
4 · 1ST SOURCE CORP · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
1st Source (SRCE) 10% Owner Christopher J. Murphy III Receives Award
What Happened
- Christopher J. Murphy III, a reported 10% owner of 1st Source Corporation (SRCE), received a grant of 10,000 shares on September 23, 2025. The Form 4 reports the acquisition price as $0 (award/grant). The awards were made under the company's 1982 Restricted Stock Award Plan pursuant to an employment agreement and are subject to vesting and continued employment conditions.
Key Details
- Transaction date: 2025-09-23; transaction type: Award/Grant (code A).
- Price reported: $0.00 per share; total reported value: $0.
- Shares owned after the transaction: Not specified in the provided filing.
- Notable footnotes:
- F1: Awards made under the 1982 Restricted Stock Award Plan per an employment agreement; subject to vesting and continued employment.
- F2: Correction note that Mr. Murphy previously acquired shares via the 401(k) in 2024 and 2025 that were omitted from an earlier Form 4.
- F3–F5: Mr. Murphy disclaims beneficial ownership of certain shares held by entities beyond his pecuniary interest (partnership, LLC) and other disclaimers.
- Timeliness: The report was filed on 2026-02-05 for a 2025-09-23 transaction, which is a late filing relative to the typical Form 4 deadline.
Context
- This was a restricted stock award (compensation), not an open-market purchase or sale — awards are typically subject to vesting and do not necessarily indicate immediate buying/selling intent.
- As a 10% owner, Murphy is a large shareholder; the grant reflects compensation/ownership changes rather than a routine market trade. The reported $0 acquisition price reflects the reporting format for awards; tax and economic implications depend on vesting and plan terms.
Insider Transaction Report
Form 4
1ST SOURCE CORPSRCE
MURPHY CHRISTOPHER J III
DirectorExecutive Chairman10% Owner
Transactions
- Award
Common Stock
[F1]2025-09-23+10,000→ 495,885 total
Holdings
- 66,023(indirect: By 401(k))
Common Stock
[F2] - 2,527,512(indirect: By Spouse)
Common Stock
[F3] - 125,893(indirect: By Corporation)
Common Stock
- 282,119(indirect: By Partnership)
Common Stock
[F4] - 214,770(indirect: By Partnership)
Common Stock
- 584,600(indirect: By LLC)
Common Stock
[F5]
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
Signature
/s/ Brian S. Duba, Attorney-in-Fact|2026-02-05