South Plains Financial (SPFI) insider logs stock grant and tax-withholding share disposal

Rhea-AI Filing Summary

South Plains Financial insider Paul A. Ehlers reported two stock transactions involving the company’s common shares. On February 18, 2026, he acquired 2,283 shares as a grant or award at $0.00 per share, bringing his direct holdings to 87,519 shares.

On February 17, 2026, 884 shares were disposed of at $42.50 per share in a tax-withholding transaction related to equity compensation, after which he directly held 85,236 shares. Some reported holdings include restricted stock units subject to vesting and forfeiture conditions.

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

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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^*

Ehlers Paul A

(Last) (First) (Middle)

5219 CITY BANK PARKWAY

(Street)

LUBBOCK TX 79407

(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
	Officer (give title below)	X	Other (specify below)
			COO - City Bank

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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	02/17/2026		F		884	D	$42.5	85,236(1)	D
Common Stock	02/18/2026		A		2,283	A	$0	87,519(1)	D

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.

	/s/ By Mikella D. Newsom as Attorney-in-Fact for Paul A Ehlers	02/19/2026
	** 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’s Paul A. Ehlers report on this Form 4?

Paul A. Ehlers reported one stock grant and one tax-related share disposition. He received 2,283 common shares as a grant and had 884 shares withheld to cover tax obligations tied to equity compensation awards.

How many SOUTH PLAINS FINANCIAL (SPFI) shares did Paul A. Ehlers acquire?

Ehlers acquired 2,283 shares of SPFI common stock through a grant or award. The transaction was recorded at $0.00 per share, reflecting equity compensation rather than an open-market purchase of the company’s stock.

Why were 884 SPFI shares disposed of in Paul A. Ehlers’ filing?

The 884 SPFI shares were disposed of to satisfy tax withholding obligations. This tax-withholding disposition, priced at $42.50 per share, was linked to equity compensation rather than a discretionary open-market sale of company shares.

What is Paul A. Ehlers’ SPFI share ownership after these transactions?

After the grant transaction on February 18, 2026, Ehlers directly owned 87,519 SPFI common shares. Following the earlier tax-withholding disposition on February 17, 2026, his direct holdings immediately after that event were 85,236 shares.

Do Paul A. Ehlers’ SPFI holdings include restricted stock units (RSUs)?

Yes. The reported holdings include restricted stock units that can only be settled in an equal number of common shares. These RSUs are subject to vesting schedules and forfeiture conditions that must be met before full ownership is realized.