South Plains Financial (SPFI) president reports new stock and option grants

Rhea-AI Filing Summary

South Plains Financial president Cory T. Newsom, a director and officer of SOUTH PLAINS FINANCIAL, INC. (SPFI), reported equity transactions dated January 5, 2026. He had 2,071 shares of common stock withheld and disposed of at $38.28 per share (code F), typically used to cover tax obligations, and acquired 6,423 shares of common stock at $38.92 per share (code A). After these transactions, he beneficially owned 294,897 shares of common stock directly, which include restricted stock units subject to vesting and forfeiture conditions, and 643 shares indirectly through his spouse.

He also received 18,031 stock options (right to buy common stock) with an exercise price of $38.92 per share, expiring on January 5, 2036. According to the vesting terms, 25% of these options vest on the first anniversary of January 5, 2026, and the remainder vests monthly over the following 36 months, with full acceleration upon disability, death, or immediately prior to a change in control of the company.

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 Cory T

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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	01/05/2026		F		2,071	D	$38.28	288,474	D
Common Stock	01/05/2026		A		6,423	A	$38.92	294,897(1)	D
Common Stock								643	I	By Spouse(2)

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
Stock Options (Right to Buy)	$38.92	01/05/2026		A		18,031		(3)	01/05/2036	Common Stock	18,031	$0	18,031	D

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.

3. 25% of the stock options vest on the first anniversary of January 5, 2026; 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.

	/s/ By Mikella D. Newsom as Attorney-in-Fact for Cory T. Newsom	01/07/2026
	** 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).
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FAQ

What insider transactions did SPFI president Cory T. Newsom report on January 5, 2026?

Cory T. Newsom reported a tax-related disposition of 2,071 shares of South Plains Financial common stock at $38.28 per share (code F) and an acquisition of 6,423 shares at $38.92 per share (code A), along with a grant of 18,031 stock options with a $38.92 exercise price.

How many SPFI shares does Cory T. Newsom beneficially own after these transactions?

Following the reported transactions, Cory T. Newsom beneficially owns 294,897 shares of South Plains Financial common stock directly, which include restricted stock units, and an additional 643 shares indirectly through his spouse.

What are the key terms of the stock options granted to SPFI president Cory T. Newsom?

Newsom received 18,031 stock options with an exercise price of $38.92 per share, exercisable for South Plains Financial common stock and expiring on January 5, 2036. These options were reported as acquired at a price of $0, reflecting a compensatory grant.

How do the newly granted SPFI stock options to Cory T. Newsom vest over time?

According to the filing, 25% of the stock options vest on the first anniversary of January 5, 2026. The remaining options vest on a pro rata monthly basis over the next 36 months, with full vesting triggered earlier upon disability, death, or immediately prior to a change in control of South Plains Financial.

What indirect South Plains Financial share ownership is reported for Cory T. Newsom?

The filing shows 643 shares of South Plains Financial common stock held indirectly by Cory T. Newsom, described as shares owned by his spouse. These shares are reported with an indirect ownership form.

Do Cory T. Newsom’s reported SPFI holdings include restricted stock units (RSUs)?

Yes. A footnote explains that the 294,897 directly owned shares include restricted stock units that can only be settled in an equal number of common shares and are subject to vesting and forfeiture conditions.