Form 4 for SPFI SOUTH PLAINS FINANCIAL, INC.
Accepted 2023-01-04 00:00:00 ET · period of report 2022-12-30 · accession 0001775199-23-000001 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-04 | 2023-01-03 | SPFI | Newsom Cory T | Pres, Dir | A - Grant | $27.53 | +9,081 | 183.3K | +5% | +$250.0K |
| DM | 2023-01-04 | 2022-12-30+ | SPFI | Newsom Cory T | Pres, Dir | F - Tax | $27.80 | -7,522 | 176.6K | -4% | -$209.1K |
| D | 2023-01-04 | 2022-12-30 | SPFI | Newsom Cory T | Pres, Dir | M - OptEx | $12.03 | +9,000 | 181.7K | +5% | +$108.3K |
| D | 2023-01-04 | 2022-12-30 | SPFI | Newsom Cory T | Pres, Dir | M - OptEx | $0.00 | -9,000 | 0 | -100% | $0 |
| D | 2023-01-04 | 2023-01-03 | SPFI | Newsom Cory T | Pres, Dir | A - Grant | $0.00 | +21.4K | 21.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-01-03 | A | A | 9,081 | $27.53 | 183,293 | D | — | — | (F1) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. |
| 2 | Common | Common Stock | 2023-01-03 | F | D | 2,397 | $27.53 | 174,212 | D | — | — | (F1) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. |
| 3 | Common | Common Stock | 2022-12-30 | M | A | 9,000 | $12.03 | 181,734 | D | — | — | (F2) Effective September 12, 2022, SPFI eliminated the SPFI stock fund as an investment alternative available under the City Bank 401(k) Plan (the "401(k) Plan"). As a result, the 276 shares of SPFI common stock the Reporting Person previously reported as beneficially owned under the 401(k) Plan were liquidated. (F1) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. |
| 4 | Common | Common Stock | 2022-12-30 | F | D | 5,125 | $27.93 | 176,609 | D | — | — | (F1) The shares reported include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and which are subject to vesting and forfeiture conditions. |
| 5 | Derivative | Stock Options (Right to Buy) | 2022-12-30 | M | D | 9,000 | $0.00 | 0 | D | $12.03 · — to 2022-12-31 | 9,000 Common Stock | (F5) These were fully exercisable on date of grant. |
| 6 | Derivative | Stock Options (Right to Buy) | 2023-01-03 | A | A | 21,358 | $0.00 | 21,358 | D | $27.53 · — to 2033-01-03 | 21,358 Common Stock | (F6) 25% of the stock options vest on the first anniversary of January 1, 2023; thereafter, the remaining vest pro rata on a month basis over the next 36 months. Notwithstanding the foregoing, the stock options will automatically become fully vested upon the earlier of: (i) the Reporting Person's disability, (ii) the Reporting Person's death, and (iii) immediately prior to a change in control of the Issuer. |