1st Source (SRCE) Director Birmingham Melody Receives 250-Share Award

What Happened

Birmingham Melody, a director of 1st Source Corp (SRCE), received an award of 250 shares on June 3, 2026. The award was recorded at $73.49 per share, for a total grant value of approximately $18,373. This transaction is reported as an award/grant (transaction code A), meaning the shares were granted as compensation rather than bought on the open market.

Key Details

• Transaction date and price: 2026-06-03 at $73.49 per share
• Shares involved: 250 shares; total reported value ≈ $18,373
• Shares owned after transaction: not specified in the provided filing excerpt
• Footnotes / special plans: none indicated in the filing excerpt (no 10b5-1 or tax-withholding notes shown)
• Timeliness: Filing dated 2026-06-05 (two days after the transaction), which appears to be within the Form 4 reporting window

Context

Awards/grants to directors are typically part of compensation (board retainer or equity award) and do not necessarily signal a personal purchase decision or change in sentiment. For retail investors, purchases (code P) often carry more informational weight about an insider’s outlook; awards are principally compensation-related.