Murphy Kevin Carmichael 4

What Happened
Kevin Carmichael Murphy, Executive Vice President of 1st Source Corp (SRCE), was granted 4,096 shares under a company award on February 17, 2026. The filing reports an acquisition code A (award/grant) at $0.00 per share (total reported value $0). This is a compensatory grant under the company’s employee incentive plan rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-18)
• Transaction type/code: Grant / Award (A)
• Shares acquired: 4,096; price per share reported: $0.00; total reported value: $0
• Footnote: F1 — EIP awards for 2025 (award under the company’s Employee Incentive Plan)
• Shares owned after transaction: not specified in the provided details of this summary
• Timeliness: Filed the day after the transaction (appears timely; not marked late)

Context
Awards like this are typically part of executive compensation (restricted stock, time-vested, or performance-based shares). The Form 4 shows the grant but does not detail vesting schedules, performance conditions, or whether shares are immediately transferable — those terms determine when the executive truly benefits. Because this is a compensatory award (not a purchase or sale), it should be viewed as routine executive compensation rather than a direct market sentiment signal.