Form 4: South Plains Financial, Inc. Chairman and CEO Curtis C. Griffith Sells Shares

Curtis C. Griffith, Chairman and CEO of South Plains Financial, Inc., recently sold shares of the company's common stock in a series of transactions.

Summary

• Curtis C. Griffith, Chairman and CEO of South Plains Financial, Inc. (SPFI), reported the sale of common stock shares.
• On August 2, 2024, Griffith sold 1,599 shares at $31 per share.
• On August 5, 2024, he sold 9,591 shares at a weighted average price of $30.1 per share.
• On August 6, 2024, Griffith sold 21,340 shares at $30 per share.
• Following these transactions, Griffith directly owns 965,967 shares.
• Griffith also has indirect ownership through his spouse and several trusts, including the CCG Trust (435,000 shares), RTW Trust (64,000 shares), BLW Trust (87,000 shares), WHW Trust (87,000 shares), SSG Trust (87,000 shares), and JBG Trust (87,000 shares).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales. The sentiment is neither positive nor negative as it simply reflects transactions.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The stock sales could potentially create downward pressure on the stock price in the short term, but the overall impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates