Griffith Curtis C 4
4 · SOUTH PLAINS FINANCIAL, INC. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
South Plains Financial (SPFI) CEO Curtis C. Griffith Sells 300,000 Shares
What Happened
Curtis C. Griffith, Chairman, CEO and a director of South Plains Financial, sold (disposed to the issuer) 300,000 shares of SPFI on June 18, 2026 at $41.39 per share, generating proceeds of $12,417,000. The report lists the transaction as a disposition to the issuer (shares surrendered/returned to the company).
Key Details
- Transaction date and price: June 18, 2026 — 300,000 shares at $41.39 each.
- Gross proceeds: $12,417,000 (no net-of-tax amount provided in the filing).
- Shares owned after transaction: not specified in the Form 4 provided.
- Notable footnotes:
- F1: Some reported shares include restricted stock units (RSUs) that can be settled only by delivery of an equal number of shares and are subject to vesting/forfeiture.
- F2–F8: Several disclosures that shares are held by the reporting person’s spouse and various family trusts; the reporting person disclaims beneficial ownership of those trust/spousal-held shares except to the extent of any pecuniary interest.
- Filing timeliness: The Form 4 was filed June 23, 2026 for a June 18 transaction (filed 5 calendar days / 3 business days later), which appears to miss the typical two-business-day Form 4 deadline.
Context
A "disposition to the issuer" generally means shares were returned or surrendered to the company — a common mechanism when shares or RSUs are used to satisfy tax withholding or other obligations. Sales do not necessarily indicate the insider’s view of the company; retail investors often place more informational value on purchases than on routine or tax-related dispositions.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-06-18$41.39/sh−300,000$12,417,000→ 157,119 total
- 45,360(indirect: By Spouse)
Common Stock
[F2] - 435,000(indirect: By Trust)
Common Stock
[F3] - 64,000(indirect: By Trust)
Common Stock
[F4] - 87,000(indirect: By Trust)
Common Stock
[F5] - 87,000(indirect: By Trust)
Common Stock
[F6] - 87,000(indirect: By Trust)
Common Stock
[F7] - 87,000(indirect: By Trust)
Common Stock
[F8]
Footnotes (8)
- [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]Shares owned by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- [F3]Shares held in the Curtis C. Griffith 2021 Irrevocable Trust ("CCG Trust"), over which the Reporting Person's spouse, who shares the Reporting Person's household, serves as trustee. The members of the Reporting Person's immediate family are the beneficiaries of this trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these shares for purposes of Section 16 or for any other purpose.
- [F4]Shares held in the Richard Thomas White 2021 Trust ("RTW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
- [F5]Shares held in the Birdie Lucille White 2021 Trust ("BLW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
- [F6]Shares held in the William Hogan White 2021 Trust ("WHW Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
- [F7]Shares held in the Sydney Suzanne Griffith 2021 Trust ("SSG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.
- [F8]Shares held in the Johnathan Brockway Griffith 2021 Trust ("JBG Trust"), over which the Reporting Person serves as trustee. A member of the Reporting Person's immediate family is the beneficiary of this trust.