Schurz Todd F. 4
Research Summary
AI-generated summary
1ST SOURCE (SRCE) Director Todd Schurz Receives 212-Share Award
What Happened
Todd F. Schurz, a director of 1ST SOURCE CORP (SRCE), was granted 212 shares on 2026-02-03 at an acquisition price of $65.83 per share, for a total value of roughly $13,956. The transaction is reported as an award/grant (transaction code "A") — an acquisition rather than a sale.
Key Details
- Transaction date: 2026-02-03; Filing date: 2026-02-04 (filed the next day, within normal Form 4 timing).
- Shares acquired: 212 at $65.83 per share; Total value ≈ $13,956.
- Transaction code: A (award/grant).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes/conditions: No additional footnotes (e.g., 10b5-1 plan, tax withholding, cashless exercise) reported in the supplied transaction data.
Context
This was a grant/award of shares (compensation-related acquisition) rather than an open-market purchase. Awards increase an insider’s holdings but often reflect compensation or board pay schedules rather than a direct market purchase signal. The filing was timely.