Cory T. Newsom - Dec 31, 2021 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
President, Director
Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Cory T. Newsom
Stock symbol
SPFI
Transactions as of
Dec 31, 2021
Transactions value $
-$37,056
Form type
4
Date filed
1/4/2022, 05:13 PM
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Options Exercise $99.3K +9K +5.46% $11.03 174K Dec 31, 2021 Direct F1
transaction SPFI Common Stock Tax liability -$136K -4.88K -2.81% $27.93 169K Dec 31, 2021 Direct F1
holding SPFI Common Stock 750 Dec 31, 2021 By child F2
holding SPFI Common Stock 81.3K Dec 31, 2021 By ESOP F3
holding SPFI Common Stock 152 Dec 31, 2021 By 401(k) F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SPFI Stock Options (Right to Buy) Options Exercise $0 -9K -100% $0.00* 0 Dec 31, 2021 Common Stock 9K $11.03 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions.
F2 Shares held for the benefit of the Reporting Person's child.
F3 Shares held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F4 Shares held in the Reporting Person's account under the City Bank 401(k) Plan.
F5 These were fully exercisable on date of grant.