Crockett Steven B 4
4 · SOUTH PLAINS FINANCIAL, INC. · Filed Feb 21, 2023
Insider Transaction Report
Form 4
Crockett Steven B
CFO and Treasurer
Transactions
- Award
Common Stock
2023-02-16+2,493→ 65,834 total - Tax Payment
Common Stock
2023-02-16$27.51/sh−578$15,901→ 65,256 total - Award
Stock Options (Right to Buy)
2023-02-16+12,898→ 12,898 totalExercise: $27.27Exp: 2033-02-16→ Common Stock (12,898 underlying)
Footnotes (3)
- [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.
- [F2]Since the date of the Reporting Person's last report, 31,798 shares previously owned through the South Plains Financial, Inc. Employee Stock Ownership Plan were rolled over into a self-directed individual retirement account and, therefore, are now owned directly by the Reporting Person.
- [F3]25% of the stock options vest on each of the first four anniversaries of January 1, 2023. 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.