South Plains Financial (SPFI) officer reports stock grant and tax withholding moves

Rhea-AI Filing Summary

SOUTH PLAINS FINANCIAL, INC. officer Mikella D. Newsom reported routine equity compensation and related tax withholding involving common stock. On March 16, 2026, an indirect acquisition of 358 shares was reported as a grant or award to her spouse, who is also an employee of the company. These shares include restricted stock units that can be settled only in an equal number of common shares and remain subject to vesting and forfeiture conditions.

On March 14, 2026, 184 shares of common stock held indirectly through her spouse were disposed of at $40.74 per share to cover tax obligations by delivering shares. Following these transactions, indirect holdings by her spouse were 24,799 shares, and direct holdings by Newsom were 49,285 shares of common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Newsom Mikella D

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TX 79407-3544

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTH PLAINS FINANCIAL, INC. [ SPFI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
03/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								49,285(1)	D
Common Stock	03/14/2026		F		184	D	$40.74	24,441(1)(2)	I	By Spouse
Common Stock	03/16/2026		A		358	A	$0	24,799(1)(2)	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. Shares owned by the Reporting Person's spouse, who is also an employee of the Issuer.

	/s/ Mikella D. Newsom	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did SPFI officer Mikella D. Newsom report?

Mikella D. Newsom reported an equity grant and a tax-related share disposition. She indirectly acquired 358 common shares via a grant to her spouse and disposed of 184 shares indirectly to satisfy tax obligations by delivering shares instead of paying cash.

Were the SPFI Form 4 transactions open-market buys or sells?

No, the SPFI Form 4 transactions were not open-market trades. The filing shows an equity grant classified as a grant or award and a tax-withholding disposition where 184 shares were delivered to cover tax liabilities, rather than discretionary market purchases or sales.

How many SPFI shares does Mikella D. Newsom hold after these transactions?

After these transactions, Mikella D. Newsom directly holds 49,285 SPFI common shares. Indirectly, through her spouse, she reports 24,799 common shares. These reported balances include restricted stock units that are subject to vesting and forfeiture conditions before becoming fully owned shares.

What does the tax-withholding transaction on SPFI shares represent?

The tax-withholding transaction represents shares used to pay taxes on equity compensation. On March 14, 2026, 184 SPFI common shares held indirectly through Newsom’s spouse were disposed of at $40.74 per share to satisfy tax liabilities by delivering shares instead of using cash.

How are SPFI restricted stock units described in this Form 4 filing?

The filing states that the reported shares include restricted stock units that may be settled only by delivering an equal number of SPFI common shares. These units are subject to vesting and forfeiture conditions, meaning they must meet specific service or performance requirements before fully vesting.

Why are some of Mikella D. Newsom’s SPFI holdings reported as indirect?

Some holdings are reported as indirect because they are owned by her spouse. The filing notes that these SPFI shares are held "By Spouse," who is also an employee of the issuer. This structure classifies them as indirect beneficial ownership rather than shares held in her own name.