SCHEDULE 13G/A: Curtis C. Griffith Amends South Plains Financial Stake to 8.9%
Beneficial Ownership Disclosure
Curtis C. Griffith has filed an amended Schedule 13G, disclosing a beneficial ownership of 8.9% in South Plains Financial, Inc., totaling 1,453,756 shares as of March 31, 2025.
Summary
- Curtis C. Griffith beneficially owns an aggregate of 1,453,756 shares of South Plains Financial, Inc. common stock.
- This ownership represents 8.9% of the company's outstanding common stock, calculated based on 16,235,647 shares outstanding and 102,510 vested stock options as of March 31, 2025.
- Mr. Griffith holds sole voting and dispositive power over 973,396 shares.
- He holds shared voting and dispositive power over 480,360 shares.
- The sole ownership includes 453,565 shares held directly, 102,510 vested stock options, 1,646 exercisable stock options, 3,675 restricted stock units, and 412,000 shares across five different 2021 trusts where Mr. Griffith serves as trustee.
- The shared ownership includes 45,360 shares held by Mr. Griffith's spouse and 435,000 shares held in the Curtis C. Griffith 2021 Irrevocable Trust, where his spouse serves as trustee; Mr. Griffith disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by a significant shareholder, Curtis C. Griffith, in South Plains Financial, Inc., a financial institution. It provides transparency regarding the ownership structure but does not offer broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake held by Curtis C. Griffith, which can influence corporate governance and strategic decisions.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement, representing the beneficial ownership calculation date. |
| 05/15/2025 | Date of signature for the Schedule 13G filing. |
Keywords
South Plains Financial Inc., Curtis C. Griffith, Beneficial Ownership, Schedule 13G, Common Stock, SEC Filing, Ownership Stake, Financial Services
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