Steven B. Crockett - 16 Feb 2022 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role: CFO and Treasurer
Signature: /s/ By Mikella D. Newsom as Attorney-in-Fact for Steven B Crockett
Issuer symbol: SPFI
Transactions as of: 16 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 18 Feb 2022, 18:29:20 UTC
Previous filing: 04 Jan 2022
Next filing: 04 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SPFI	Common Stock	Award	$0	+2,329	+8.9%	$0.000000	28,543	16 Feb 2022	Direct	F1
holding	SPFI	Common Stock						31,514	16 Feb 2022	By ESOP	F2
holding	SPFI	Common Stock						113	16 Feb 2022	By 401(k)	F3

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)	Award	$0	+10,851		$0.000000	10,851	16 Feb 2022	Common Stock	10,851	$29.19	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 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 by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F3	Shares held in the Reporting Person's account under the City Bank 401(k) Plan.
F4	25% of the stock options vest on each of the first four anniversaries of January 1, 2021. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer.