Cory T. Newsom - Dec 31, 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
Stock symbol
SPFI
Transactions as of
Dec 31, 2024
Transactions value $
$104,567
Form type
4
Date filed
1/3/2025, 08:14 PM
Previous filing
Jan 3, 2024
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 $52.9K +9K +3.28% $5.88 284K Dec 31, 2024 Direct F1
transaction SPFI Common Stock Tax liability -$116K -3.35K -1.18% $34.53 280K Dec 31, 2024 Direct F1
transaction SPFI Common Stock Tax liability -$82.6K -2.37K -0.85% $34.83 278K Jan 2, 2025 Direct
transaction SPFI Common Stock Award $250K +7.35K +2.65% $34.01 285K Jan 3, 2025 Direct F1
holding SPFI Common Stock 643 Dec 31, 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 -9K -100% $0.00 0 Dec 31, 2024 Common Stock 9K $5.88 Direct F3
transaction SPFI Stock Options (Right to Buy) Award $0 +18.9K $0.00 18.9K Jan 3, 2025 Common Stock 18.9K $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.