BIRMINGHAM MELODY 4
4 · 1ST SOURCE CORP · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
1st Source (SRCE) Director Melody Birmingham Buys Shares via Open-Market
What Happened Melody Birmingham, a director of 1st Source Corp (SRCE), reported a series of previously unreported open-market purchases and dividend-reinvestment transactions executed between Aug 15, 2018 and Nov 14, 2025. The filing documents roughly 31 purchases that together add up to about 915.2 shares acquired (many are fractional shares credited by the broker). For the transactions where price data is provided, the cash value totals approximately $46,241. These were purchases (including dividend reinvestment), which are routine accumulation activity rather than sales.
Key Details
- Transaction types: Open-market purchases / dividend reinvestment (transaction code P).
- Date range of transactions reported: 2018-08-15 through 2025-11-14 (individual trades listed by date in the filing).
- Shares acquired (sum): ~915.21 shares (many fractional shares from dividend reinvestment).
- Cash value shown for transactions with price data: ≈ $46,241; some historical transactions show $0 or have unavailable price information (footnote F2).
- Footnotes:
- F1: Purchases were made using cash dividends; fractional shares credited by brokerage.
- F2: Price information unavailable for certain historical transactions.
- F3: Reporting person reconciled historical brokerage activity and found prior filings understated beneficial ownership by 189 shares; no transaction occurred for that adjustment — the filing reflects the corrected ownership.
- Filing mechanics and timeliness: This Form 4 (filed 2026-03-10) reports previously unreported transactions spanning 2018–2025 and is the first of two Form 4s (split because EDGAR limits a single Form 4 to 30 transactions). The report is therefore late relative to the transaction dates.
Context
- These purchases were largely dividend reinvestments (automatic reinvestment of cash dividends), a routine way for insiders to accumulate shares that generally reflects reinvestment policy rather than an ad hoc buy decision. The F3 correction affects the reported beneficial ownership baseline (an upward 189-share adjustment) but did not reflect an actual trade. As always, purchases can be informative but do not, by themselves, prove intent or future company performance.
Insider Transaction Report
Form 4
1ST SOURCE CORPSRCE
BIRMINGHAM MELODY
Director
Transactions
- Purchase
Common Stock
[F1][F2][F3]2018-08-15+0.538→ 8,173.538 total - Purchase
Common Stock
[F1][F2]2018-11-15+0.64→ 8,174.178 total - Purchase
Common Stock
[F1][F2]2019-02-14+0.712→ 8,174.89 total - Purchase
Common Stock
[F1][F2]2019-05-15+0.716→ 8,175.606 total - Purchase
Common Stock
[F1][F2]2019-08-15+0.741→ 8,176.347 total - Purchase
Common Stock
[F1][F2]2019-11-15+0.705→ 8,177.052 total - Purchase
Common Stock
[F1][F2]2020-02-14+0.761→ 8,177.813 total - Purchase
Common Stock
[F1][F2]2020-05-15+1.906→ 8,179.719 total - Purchase
Common Stock
[F1][F2]2020-08-14+0.963→ 8,180.682 total - Purchase
Common Stock
[F1][F2]2020-11-13+0.982→ 8,181.664 total - Purchase
Common Stock
[F1][F2]2021-02-12+42.33→ 8,223.994 total - Purchase
Common Stock
[F1]2021-05-14$48.06/sh+29.635$1,424→ 8,253.629 total - Purchase
Common Stock
[F1]2021-08-13$47.56/sh+35.226$1,675→ 8,288.855 total - Purchase
Common Stock
[F1]2021-11-12$50.84/sh+34.653$1,762→ 8,323.508 total - Purchase
Common Stock
[F1]2022-02-16$48.72/sh+36.376$1,772→ 8,359.884 total - Purchase
Common Stock
[F1]2022-05-13$44.35/sh+40.221$1,784→ 8,400.105 total - Purchase
Common Stock
[F1]2022-08-12$48.50/sh+38.23$1,854→ 8,438.335 total - Purchase
Common Stock
[F1]2022-11-10$57.58/sh+32.41$1,866→ 8,470.745 total - Purchase
Common Stock
[F1]2023-02-16$49.55/sh+39.168$1,941→ 8,509.913 total - Purchase
Common Stock
[F1]2023-05-12$40.98/sh+47.669$1,953→ 8,557.582 total - Purchase
Common Stock
[F1]2023-08-11$48.21/sh+53.488$2,579→ 8,611.07 total - Purchase
Common Stock
[F1]2023-11-15$47.21/sh+58.411$2,758→ 8,669.481 total - Purchase
Common Stock
[F1]2024-02-15$49.50/sh+56.107$2,777→ 8,725.588 total - Purchase
Common Stock
[F1]2024-05-15$52.43/sh+53.336$2,796→ 8,778.924 total - Purchase
Common Stock
[F1]2024-08-15$57.02/sh+52.27$2,980→ 8,831.194 total - Purchase
Common Stock
[F1]2024-11-15$66.53/sh+46.431$3,089→ 8,877.625 total - Purchase
Common Stock
[F1]2025-02-14$66.41/sh+46.773$3,106→ 8,924.398 total - Purchase
Common Stock
[F1]2025-05-15$62.42/sh+52.806$3,296→ 8,977.204 total - Purchase
Common Stock
[F1]2025-08-15$61.31/sh+54.09$3,316→ 9,031.294 total - Purchase
Common Stock
[F1]2025-11-14$61.71/sh+56.92$3,513→ 9,088.214 total
Footnotes (3)
- [F1]This Form 4 reports previously unreported open-market purchases of the issuer's common stock made using cash dividends received by the reporting person. Fractional shares were credited by the reporting person's brokerage account.
- [F2]Transaction price information is unavailable for certain historical open market transactions reported on this Form 4.
- [F3]The reporting person conducted a reconciliation of historical brokerage activity and determined that beneficial ownership had been understated by 189 shares in prior filings, beginning with the ownership baseline established at the time of the reporting person's initial Form 3. No transaction occurred in connection with the adjustment. The ownership amount reported herein reflects the reporting person's correct beneficial ownership.
Signature
/s/ Brian S. Duba, Attorney-in-Fact|2026-03-10