Newsom Mikella D 4

What Happened

• Mikella D. Newsom, Chief Risk Officer & Secretary of South Plains Financial, received an award of 1,605 shares (reported as a grant/award on 2026-02-18). The filing also shows 612 shares were disposed on 2026-02-17 to satisfy tax withholding associated with equity compensation; the withheld shares were reported at $42.50 each for a total of $26,010. Net new shares issued (before any continued vesting/forfeiture rules) would be 993 shares (1,605 awarded − 612 withheld).

Key Details

• Transaction dates and types:
  • 2026-02-17: Tax withholding / payment of tax liability — 612 shares withheld at $42.50 each (Disposition) = $26,010.
  • 2026-02-18: Grant / award (acquisition) — 1,605 shares reported at $0.00 (typical for RSU grants).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: These shares include restricted stock units (RSUs) that may be settled only by delivery of an equal number of shares and remain subject to vesting and forfeiture conditions.
  • F2: Some shares are owned by the reporting person’s spouse, who is also an employee of the issuer.
• Timeliness: Report filed 2026-02-19 for transactions on 2026-02-17 and 02-18; filing appears timely (no late filing indicated).

Context

• The award appears to be compensation in the form of RSUs rather than an open-market purchase; the related 612-share disposition is a common tax-withholding action when RSUs vest (shares are withheld to cover withholding obligations). Such transactions are routine for equity-compensated executives and do not, by themselves, indicate a buy or sell sentiment beyond participating in company compensation programs.