South Plains Financial (SPFI) Director Richard Campbell Sells Shares
$SPFI · SOUTH PLAINS FINANCIAL, INC.Research Summary
AI-generated summary of this SEC filing
South Plains Financial (SPFI) Director Richard Campbell Sells Shares
What Happened
Richard D. Campbell, a director of South Plains Financial, sold a total of 160,000 SPFI shares in two open-market transactions on August 3–4, 2026, generating aggregate proceeds of approximately $7.17 million. On Aug 3 he disposed of 132,714 shares at a reported weighted-average price of $44.75 per share ($5.94M). On Aug 4 he disposed of 27,286 shares at a reported weighted-average price of $45.14 per share ($1.23M). Both transactions are reported as open-market sales.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-08-03: 132,714 shares sold @ $44.75 (aggregate ~$5,938,952). (Footnote: actual same-day prices ranged $44.60–$45.57; weighted average reported.)
- 2026-08-04: 27,286 shares sold @ $45.14 (aggregate ~$1,231,690). (Footnote: actual same-day prices ranged $44.99–$45.50; weighted average reported.)
- Total shares sold: 160,000; total proceeds ≈ $7.17M.
- Shares owned after the transactions: not specified in the excerpt provided. The filing notes some shares are held by entities (see footnotes).
- Notable footnotes:
- F1 & F3: Each day’s sales were multiple same-day open-market trades reported on an aggregate basis using weighted-average prices; the filer can provide a per-price breakdown on request.
- F2: Some shares are owned by Henry TAW LP but Campbell has voting authority under a voting agreement/irrevocable proxy.
- F4: Some shares are owned by Racham Investment Group LLC.
- Filing/timeliness: Report filed 2026-08-05 for transactions on 2026-08-03 and 08-04—appears timely (filed within the usual two-business-day Form 4 window).
Context
These were open-market sales by a director (not option exercises or gifts). Open-market sales by insiders can be routine (liquidity, diversification, tax planning) and do not by themselves indicate the insider’s view of the company’s prospects. The filing notes ownership through affiliated entities and that Campbell exercises voting authority over shares held by Henry TAW LP.