Cory T. Newsom - 31 Dec 2024 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
Issuer symbol
SPFI
Transactions as of
31 Dec 2024
Net transactions value
+$104,567
Form type
4
Filing time
03 Jan 2025, 20:14:08 UTC
Previous filing
03 Jan 2024
Next filing
08 Jan 2026
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 $52,920 +9,000 +3.3% $5.88 283,588 31 Dec 2024 Direct F1
transaction SPFI Common Stock Tax liability $115,710 -3,351 -1.2% $34.53 280,237 31 Dec 2024 Direct F1
transaction SPFI Common Stock Tax liability $82,617 -2,372 -0.85% $34.83 277,865 02 Jan 2025 Direct
transaction SPFI Common Stock Award $249,974 +7,350 +2.6% $34.01 285,215 03 Jan 2025 Direct F1
holding SPFI Common Stock 643 31 Dec 2024 By Spouse F2

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 -9,000 -100% $0.000000 0 31 Dec 2024 Common Stock 9,000 $5.88 Direct F3
transaction SPFI Stock Options (Right to Buy) Award $0 +18,880 $0.000000 18,880 03 Jan 2025 Common Stock 18,880 $34.01 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 Shares owned by the Reporting Person's spouse.
F3 These were fully exercisable on date of grant to the Reporting Person.
F4 25% of the stock options vest on the first anniversary of January 3, 2025; thereafter, the remaining vest pro rata on a month basis over the next 36 months. 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.