Murphy Kevin Carmichael 4

What Happened

• Kevin Carmichael Murphy, Executive Vice President of 1st Source Corporation (SRCE), received a grant of 12,500 restricted shares on September 23, 2025. The award is reported as an acquisition (grant) at $0.00 per share (no cash purchase price shown).
• The grant was made under the 1982 Restricted Stock Award Plan pursuant to an Employment Agreement dated September 23, 2025 and is subject to vesting and continued-employment conditions.

Key Details

• Transaction date: 2025-09-23; Transaction code: A (award/grant); Price reported: $0.00 per share.
• Shares awarded: 12,500 restricted shares. Total cash paid: $0 (award). Filing accession: 0002080083-26-000002 filed 2026-02-05.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: Award governed by the 1982 Restricted Stock Award Plan and the Employment Agreement (vesting/continued-employment conditions).
• Additional disclosure: Mr. Murphy also acquired 114 shares via the company 401(k) during 2025 (plan statement dated 12/31/2025).
• Timeliness: The Form 4 was filed on Feb 5, 2026 for a 9/23/2025 grant — this is later than the typical 2-business-day reporting window and reduces near-term transparency.

Context

• This was a restricted stock grant (compensation award), not an open-market purchase or sale. Such grants are common for executive compensation and generally reflect pay/retention arrangements rather than an immediate market sentiment signal.
• The award is subject to vesting and continued employment, so the shares may not be freely tradable until vesting conditions are met.