4/A: South Plains Financial CFO Steven Crockett Amends SEC Filing to Correct Stock Option Transaction

South Plains Financial's CFO, Steven Crockett, amended a previous SEC filing to correct a mistake regarding the disposal of 6,000 stock options.

Summary

• This document is an amended SEC Form 4 filing by Steven B. Crockett, CFO and Treasurer of South Plains Financial, Inc.
• The amendment corrects a typographical error in a previous filing from January 3, 2025, regarding the number of stock options acquired or disposed of.
• The original filing incorrectly stated that 6,000 stock options were acquired, but the corrected filing shows that 6,000 stock options were disposed of.
• On December 31, 2024, Mr. Crockett exercised 6,000 stock options at a price of $5.88 per share.
• Also on December 31, 2024, 2,323 shares of common stock were disposed of at a price of $34.53 per share.
• Following these transactions, Mr. Crockett beneficially owns 76,532 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It is a procedural matter.

Industry Context

This is a standard SEC filing related to insider trading and is common for executives of publicly traded companies.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for corporate insiders and are comparable across all publicly traded companies.
• The transactions reported are typical for executives who receive stock options and restricted stock as part of their compensation.

Stakeholder Impact

• This filing provides transparency to shareholders regarding the transactions of company insiders.
• The correction of the filing ensures accurate information is available to the public.

Key Dates

Keywords

SEC Form 4, Stock Options, Beneficial Ownership, South Plains Financial, CFO, Steven Crockett, Amendment, Equity Securities, Insider Trading