Steven B. Crockett - 30 Dec 2022 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
CFO and Treasurer
Signature
By Mikella D. Newsom as Attorney-in-Fact for Steven B. Crockett
Issuer symbol
SPFI
Transactions as of
30 Dec 2022
Net transactions value
-$30,776
Form type
4
Filing time
04 Jan 2023, 14:32:41 UTC
Previous filing
18 Feb 2022
Next filing
22 Mar 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 Options Exercise $36,090 +3,000 +11% $12.03 31,543 30 Dec 2022 Direct F1, F2
transaction SPFI Common Stock Tax liability $47,732 -1,709 -5.4% $27.93 29,834 30 Dec 2022 Direct F1
transaction SPFI Common Stock Tax liability $19,133 -695 -2.3% $27.53 29,139 03 Jan 2023 Direct F1
holding SPFI Common Stock 31,798 30 Dec 2022 By ESOP 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) Options Exercise $0 -3,000 -100% $0.000000* 0 30 Dec 2022 Common Stock 3,000 $12.03 Direct F4
* 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 Effective September 12, 2022, SPFI eliminated the SPFI stock fund as an investment alternative available under the City Bank 401(k) Plan (the "401(k) Plan"). As a result, the 226 shares of SPFI common stock the Reporting Person previously reported as beneficially owned under the 401(k) Plan were liquidated.
F3 Shares held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F4 These were fully exercisable on date of grant.