Paul A. Ehlers - Nov 5, 2024 Form 3 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
COO - City Bank
Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Paul A. Ehlers
Stock symbol
SPFI
Transactions as of
Nov 5, 2024
Transactions value $
$0
Form type
3
Date filed
11/13/2024, 04:31 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SPFI Common Stock 75.7K Nov 5, 2024 Direct F1

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
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 6K $5.88 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 6K $8.60 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 7.5K $10.93 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 7.5K $12.24 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 7.5K $13.88 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 7.5K $16.93 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 7.5K $19.05 Direct F2
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 19.5K $16.00 Direct F3
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 15.3K $20.93 Direct F4
holding SPFI Stock Options (Right to Buy) Nov 5, 2024 Common Stock 12.2K $19.62 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 The stock options were fully vested and exercisable on the date of grant to the Reporting Person.
F3 25% of the stock options vest on each of the first four anniversaries of January 1, 2019. 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.
F4 25% of the stock options vest on each of the first four anniversaries of January 1, 2020. 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.
F5 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.