South Plains Financial, Inc. (SPFI) CEO reports 4,000-share stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
South Plains Financial, Inc. insider activity: Chairman and CEO Curtis C. Griffith reported a bona fide gift of 4,000 shares of common stock on February 11, 2026, at a stated price of $0 per share. After this transfer, he directly holds 457,119 common shares, which include restricted stock units subject to vesting and forfeiture conditions.
Griffith also reports indirect holdings, including 45,360 shares owned by his spouse and 435,000 shares held by the Curtis C. Griffith 2021 Irrevocable Trust, for which his spouse serves as trustee and family members are beneficiaries. Additional indirect holdings are reported in several 2021 family trusts (RTW, BLW, WHW, SSG, and JBG Trusts), with reported positions of 64,000 or 87,000 shares each and Griffith serving as trustee. He disclaims beneficial ownership of certain indirect holdings except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,000 shares gifted
Mixed
8 txns
Insider
Griffith Curtis C
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 4,000 | $0.00 | -- |
| 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 — 457,119 shares (Direct);
Common Stock — 45,360 shares (Indirect, By Spouse)
Footnotes (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. 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. 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. 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. 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. 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. 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. 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.
FAQ
What insider transaction did SPFI Chairman and CEO Curtis C. Griffith report?
Curtis C. Griffith reported a bona fide gift of 4,000 SPFI common shares. The Form 4 shows a transaction code G on February 11, 2026, at a stated price of $0 per share, reflecting a transfer by gift rather than an open-market sale or purchase.
Does Curtis C. Griffith claim full beneficial ownership of his spouse’s and CCG Trust’s SPFI shares?
No, the filing states that Griffith disclaims beneficial ownership of those shares except for any pecuniary interest. This applies to shares owned by his spouse and those held in the Curtis C. Griffith 2021 Irrevocable Trust, even though they are reported as indirect holdings on the Form 4.
What does the Form 4 say about restricted stock units held by Curtis C. Griffith at SPFI?
The reported direct holdings include restricted stock units (RSUs). These RSUs may be settled only by delivering an equal number of SPFI common shares and are subject to vesting and forfeiture conditions, meaning Griffith’s actual share ownership from these units depends on future vesting outcomes.