Form 4: South Plains Financial CFO Steven Crockett Reports Stock Transactions, Corrects Previous Filing Error
SEC Form 4 Filing
Steven Crockett, CFO and Treasurer of South Plains Financial, reports acquisition of shares and a disposition due to tax withholding, while also correcting an error in a previous filing regarding disposed shares.
Summary
- Steven Crockett, the CFO and Treasurer of South Plains Financial, Inc. (SPFI), filed a Form 4 detailing changes in beneficial ownership.
- On February 19, 2025, Crockett acquired 6,197 shares of common stock.
- These shares were acquired at a price of $0.
- On February 21, 2025, Crockett disposed of 783 shares of common stock at a price of $35.17 per share for tax withholding.
- The filing also corrects a clerical error in a previous Form 4 filed on January 3, 2025, which overstated the number of shares disposed of on December 31, 2024, by 89 shares.
- After these transactions, Crockett directly owns 82,035 shares of South Plains Financial, Inc.
Sentiment
Score: 7
Explanation: The document is neutral, reporting standard stock transactions and correcting a clerical error. It doesn't indicate any significant positive or negative developments for the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard stock transactions and a correction of a previous error, which is not uncommon.
Stakeholder Impact
- The correction of the clerical error ensures accurate reporting of insider transactions, maintaining transparency for shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of previous transaction with overstated disposed shares. |
| 01/03/2025 | Date of original Form 4 filing containing a clerical error. |
| 02/19/2025 | Date of common stock acquisition. |
| 02/21/2025 | Date of common stock disposition for tax withholding and date of current Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, South Plains Financial, SPFI, CFO, Steven Crockett
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