South Plains CEO disposes 300K shares to issuer
South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith reported a Form 4 showing a disposition to the issuer of 300,000 shares of common stock at $41.39 per share on June 18, 2026.
Rhea-AI Filing Summary
South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith reported a Form 4 showing a disposition to the issuer of 300,000 shares of common stock at $41.39 per share on June 18, 2026. After this transaction, he directly holds 157,119 shares of common stock. The filing also lists indirect holdings through multiple family trusts, including 435,000 shares held by the CCG Trust and stakes in several 2021 family trusts, as well as 45,360 shares owned by his spouse, some of which he disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 300,000 shares
Disposition
8 txns
Insider
Griffith Curtis C
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 300,000 | $41.39 | $12.42M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 157,119 shares (Direct);
Common Stock — 45,360 shares (Indirect, By Spouse);
Common Stock — 435,000 shares (Indirect, By CCG Trust);
Common Stock — 64,000 shares (Indirect, By RTW Trust);
Common Stock — 87,000 shares (Indirect, By BLW Trust);
Common Stock — 87,000 shares (Indirect, By WHW Trust);
Common Stock — 87,000 shares (Indirect, By SSG Trust);
Common Stock — 87,000 shares (Indirect, By JBG Trust)
Footnotes (8)
- 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. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F3. 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. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
Key Figures
Shares disposed to issuer: 300,000 shares
Disposition price: $41.39 per share
Direct holdings after transaction: 157,119 shares
+4 more
7 metrics
Shares disposed to issuer
300,000 shares
Non-derivative disposition coded D on June 18, 2026
Disposition price
$41.39 per share
Price for 300,000-share disposition to issuer
Direct holdings after transaction
157,119 shares
Common stock held directly following disposition
CCG Trust holdings
435,000 shares
Indirect holdings in Curtis C. Griffith 2021 Irrevocable Trust
Spouse holdings
45,360 shares
Shares owned by reporting person’s spouse
JBG Trust holdings
87,000 shares
Indirect holdings in Johnathan Brockway Griffith 2021 Trust
RTW Trust holdings
64,000 shares
Indirect holdings in Richard Thomas White 2021 Trust
Key Terms
restricted stock units, Disposition to issuer, pecuniary interest, irrevocable trust, +1 more
5 terms
restricted stock units financial
"The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Disposition to issuer financial
"transaction_action": "issuer disposition", "transaction_code_description": "Disposition to issuer""
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest"
irrevocable trust financial
"Curtis C. Griffith 2021 Irrevocable Trust ("CCG Trust"), over which the Reporting Person's spouse"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Section 16 regulatory
"not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SPFI Chairman and CEO Curtis Griffith report?
Curtis C. Griffith reported a disposition of 300,000 shares of South Plains Financial common stock back to the issuer. The transaction used code D, which indicates a disposition to the company rather than an open-market sale at a reported price of $41.39 per share.
What does transaction code D mean in the SPFI Form 4 filing?
Transaction code D in this Form 4 indicates a disposition of shares to the issuer, not an open-market sale. Here, 300,000 South Plains Financial common shares were returned to the company at $41.39 per share, reducing the reporting person’s directly held position accordingly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
