4/A: SPFI Chairman Amends Stock Ownership Filing

South Plains Financial Chairman and CEO Curtis C. Griffith filed an amended Form 4 to correct a previous filing regarding stock transactions.

Summary

• An amendment to Form 4 was filed on January 8, 2026, correcting the original Form 4 filed on January 5, 2026.
• The amendment specifically corrects the inadvertent checking of the box indicating a transaction was made pursuant to a Rule 10b5-1(c) plan.
• Reporting Person Curtis C. Griffith, Chairman and CEO, Director, and 10% Owner of South Plains Financial, Inc. (SPFI), reported transactions on December 31, 2025.
• Griffith acquired 3,000 shares of Common Stock through the exercise of stock options at a price of $8.60 per share.
• Concurrently, 1,224 shares of Common Stock were disposed of at $39.61 per share, likely for tax withholding purposes related to the option exercise.
• Following these transactions, Griffith directly beneficially owns 459,016 shares of Common Stock.
• Indirect beneficial ownership includes 45,360 shares by spouse, 435,000 shares by the CCG Trust, 64,000 shares by the RTW Trust, 87,000 shares by the BLW Trust, 87,000 shares by the WHW Trust, 87,000 shares by the SSG Trust, and 87,000 shares by the JBG Trust.

Sentiment

Score: 5

Explanation: The filing is an administrative amendment to correct a previous disclosure. The underlying transaction involves an executive exercising stock options and selling a portion, which is a routine event for compensation and generally neutral in sentiment, though option exercise can be seen as a positive sign of insider activity.

Positives

• Chairman and CEO Curtis C. Griffith exercised 3,000 stock options at a price of $8.60 per share, converting potential equity into actual shares.

Negatives

• 1,224 shares of common stock were disposed of at $39.61 per share, likely for tax withholding related to the option exercise, reducing direct holdings.

Corporate Governance

Related Party Transactions

• 45,360 shares are indirectly owned by the Reporting Person's spouse.
• 435,000 shares are held in the Curtis C. Griffith 2021 Irrevocable Trust (CCG Trust), where the Reporting Person's spouse serves as trustee and immediate family members are beneficiaries.
• 64,000 shares are held in the Richard Thomas White 2021 Trust (RTW Trust), where the Reporting Person serves as trustee and an immediate family member is the beneficiary.
• 87,000 shares are held in the Birdie Lucille White 2021 Trust (BLW Trust), where the Reporting Person serves as trustee and an immediate family member is the beneficiary.
• 87,000 shares are held in the William Hogan White 2021 Trust (WHW Trust), where the Reporting Person serves as trustee and an immediate family member is the beneficiary.
• 87,000 shares are held in the Sydney Suzanne Griffith 2021 Trust (SSG Trust), where the Reporting Person serves as trustee and an immediate family member is the beneficiary.
• 87,000 shares are held in the Johnathan Brockway Griffith 2021 Trust (JBG Trust), where the Reporting Person serves as trustee and an immediate family member is the beneficiary.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider ownership and transactions, ensuring accurate reporting of executive stock activities.

Key Dates

Keywords

SPFI, South Plains Financial, Curtis C. Griffith, Form 4, Insider Transaction, Stock Options, Beneficial Ownership, CEO, Director, Amendment