Newsom Mikella D 4

What Happened

• Mikella D. Newsom, Chief Risk Officer & Secretary of South Plains Financial, received a grant/award of 358 shares (reported as acquired at $0.00) and 184 shares were disposed/withheld at $40.74 each to cover tax obligations, generating about $7,496.
• The acquisition (358 shares) reflects an award likely from restricted stock units (RSUs); the 184-share disposition appears to be a tax-withholding event rather than an open-market sale.

Key Details

• Transaction dates: 2026-03-14 (184 shares withheld at $40.74; total ~$7,496) and 2026-03-16 (358 shares granted/issued at $0.00).
• Transaction codes: A = Award/Grant (358 shares); F = Payment of exercise price or tax liability (184 shares withheld).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 indicates the shares include restricted stock units settled in shares subject to vesting/forfeiture. F2 notes some shares are owned by the reporting person’s spouse, who is also an employee.
• Filing date: 2026-03-17 (no late-file flag provided in the summary data).

Context

• This pattern (award + withholding) commonly reflects RSU vesting and automatic share withholding to cover taxes; the withheld shares are not a voluntary market sale and typically don’t signal the insider’s market view.
• The award was issued at $0.00 (standard for RSU settlement); purchases by executives are often more informative about sentiment, while tax withholding is routine.