MURPHY CHRISTOPHER J III 4

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.