South Plains Financial (SPFI) CEO reports share holdings and new options

Rhea-AI Filing Summary

South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith reported several equity transactions on January 5, 2026. The filing shows 1,108 shares of common stock were withheld at $38.28 per share in a transaction coded "F," typically used for shares withheld to cover taxes on equity awards. He also reported acquiring 3,211 shares of common stock at $38.92 per share in a transaction coded "A," bringing his directly held common stock to 461,119 shares, which include restricted stock units subject to vesting and forfeiture conditions.

Indirect holdings are reported as 45,360 shares owned by his spouse and additional blocks held in multiple family trusts, some of which he expressly disclaims beneficial ownership except for any pecuniary interest. Griffith was also granted 10,644 stock options with an exercise price of $38.92 per share, expiring on January 5, 2036. Twenty-five percent of these options vest on the first anniversary of January 5, 2026, with the remainder vesting monthly over the following 36 months, and they become fully vested earlier upon disability, death, or a change in control.

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^*

Griffith Curtis C

(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)
	Chairman and CEO

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		1,108	D	$38.28	457,908	D
Common Stock	01/05/2026		A		3,211	A	$38.92	461,119(1)	D
Common Stock								45,360(2)	I	By Spouse
Common Stock								435,000(3)	I	By CCG Trust
Common Stock								64,000(4)	I	By RTW Trust
Common Stock								87,000(5)	I	By BLW Trust
Common Stock								87,000(6)	I	By WHW Trust
Common Stock								87,000(7)	I	By SSG Trust
Common Stock								87,000(8)	I	By JBG Trust

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		10,644		(9)	01/05/2036	Common Stock	10,644	$0	10,644	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. 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.

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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.

9. 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 Curtis C. Griffith	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 activity did South Plains Financial (SPFI) report for Curtis C. Griffith on January 5, 2026?

The report shows that Chairman and CEO Curtis C. Griffith had 1,108 common shares withheld in a transaction coded "F" at $38.28 per share and acquired 3,211 common shares in a transaction coded "A" at $38.92 per share. He also received 10,644 stock options with an exercise price of $38.92.

How many South Plains Financial (SPFI) shares does Curtis C. Griffith hold directly after the reported transactions?

Following the reported transactions, Curtis C. Griffith directly holds 461,119 shares of South Plains Financial common stock. This amount includes restricted stock units that can be settled only in an equal number of shares and remain subject to vesting and forfeiture conditions.

What was the purpose of the 1,108-share transaction coded "F" for SPFI common stock?

The 1,108-share transaction coded "F" reflects common shares withheld at $38.28 per share, a code generally used when shares are withheld to satisfy tax obligations arising from equity awards, rather than an open-market sale.

What stock options were granted to Curtis C. Griffith by South Plains Financial (SPFI)?

Griffith was granted 10,644 stock options (right to buy) with an exercise price of $38.92 per share, expiring on January 5, 2036. 25% of the options vest on the first anniversary of January 5, 2026, and the remaining options vest pro rata monthly over the next 36 months, with full acceleration upon disability, death, or a change in control.

What indirect South Plains Financial (SPFI) shareholdings are associated with Curtis C. Griffith?

Indirect holdings reported include 45,360 shares owned by his spouse and additional shares held in several family trusts, including the Curtis C. Griffith 2021 Irrevocable Trust (CCG Trust) with 435,000 shares and multiple other 2021 trusts holding between 64,000 and 87,000 shares each. In some cases, Griffith disclaims beneficial ownership except to the extent of any pecuniary interest.

How do the restricted stock units affect Curtis C. Griffith’s reported SPFI ownership?

The filing notes that the reported direct holdings include restricted stock units that may only be settled by delivery of an equal number of common shares. These units are subject to vesting and forfeiture, meaning the final number of shares Griffith receives depends on satisfying the award’s conditions.

Under what conditions do Curtis C. Griffith’s SPFI stock options fully vest early?

The stock options will automatically become fully vested upon the earlier of the reporting person’s disability, the reporting person’s death, or immediately prior to a change in control of South Plains Financial.