Curtis C. Griffith - Jan 19, 2022 Form 4 Insider Report for SOUTH PLAINS FINANCIAL, INC. (SPFI)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ By Mikella D. Newsom as Attorney-in-Fact for Curtis C. Griffith
Stock symbol
SPFI
Transactions as of
Jan 19, 2022
Transactions value $
$0
Form type
4
Date filed
1/21/2022, 01:37 PM
Previous filing
Feb 15, 2022
Next filing
Aug 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SPFI Common Stock Award $0 +4.24K +0.28% $0.00 1.53M Jan 19, 2022 Direct F1
holding SPFI Common Stock 99.8K Jan 19, 2022 By ESOP F2
holding SPFI Common Stock 151 Jan 19, 2022 By 401(k) F3
holding SPFI Common Stock 435K Jan 19, 2022 By CCG Trust F4
holding SPFI Common Stock 87K Jan 19, 2022 By RTW Trust F5
holding SPFI Common Stock 87K Jan 19, 2022 By BLW Trust F6
holding SPFI Common Stock 87K Jan 19, 2022 By WHW Trust F7
holding SPFI Common Stock 87K Jan 19, 2022 By SSG Trust F8
holding SPFI Common Stock 87K Jan 19, 2022 By JBG Trust F9

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) Award $0 +13.3K $0.00 13.3K Jan 19, 2022 Common Stock 13.3K $29.46 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 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 held by the South Plains Financial, Inc. Employee Stock Ownership Plan ("ESOP") and allocated to the Reporting Person's account.
F3 Shares held in the Reporting Person's account under the City Bank 401(k) Plan.
F4 Shares held in the Curtis C. Griffith 2021 Irrevocable Trust ("CCG Trust"), over which the Reporting Person's spouse, who shares the Reporting person's household, serves as trustee. The members of the Reporting Person's immediate family are the beneficiaries of this trust.
F5 Shares held in the Richard Thomas White 2021 Trust ("RTW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F6 Shares held in the Birdie Lucille White 2021 Trust ("BLW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F7 Shares held in the William Hogan White 2021 Trust ("WHW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F8 Shares held in the Sydney Suzanne Griffith 2021 Trust ("SSG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F9 Shares held in the Johnathan Brockway Griffith 2021 Trust ("JBG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
F10 25% of the stock options vest on the first anniversary of January 1, 2022; 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.