Mikella D. Newsom - 16 Feb 2023 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
Chief Risk Officer & Secretary
Signature
By Mikella D. Newsom
Issuer symbol
SPFI
Transactions as of
16 Feb 2023
Net transactions value
$0
Form type
4
Filing time
21 Feb 2023, 16:54:06 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 Award $0 +2,200 +9.2% $0.000000 26,125 16 Feb 2023 Direct F1, F2
holding SPFI Common Stock 14,856 16 Feb 2023 By Spouse F3
* 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 Since the date of the Reporting Person's last report, 14,388 shares previously owned through the South Plains Financial, Inc. Employee Stock Ownership Plan (the "ESOP") were rolled over into a self-directed individual retirement account and, therefore, are now owned directly by the Reporting Person.
F3 Shares owned by the Reporting Person's spouse, who is also an employee of the Issuer, including 11,814 shares held in the ESOP and allocated to the Reporting Person's spouse's account.

Remarks:

REPORTING PERSON'S SPOUSE'S TRANSACTIONS: This Form 4 is late with respect to reporting holdings of shares of common stock of the Issuer by the Reporting Person's spouse through the ESOP. The Reporting Person did not timely report these holdings by the Reporting Person's spouse due to inadvertent administrative error.