Washburn LaDana R 4

What Happened
LaDana R. Washburn, a director of South Plains Financial, Inc. (SPFI), was granted 623 shares as an award on May 20, 2026. The Form 4 reports the acquisition as an award/grant (transaction code A) with a per-share price of $0.00 (total reported $0), consistent with a company compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-22.
• Transaction type/code: Award/Grant (A). Price reported: $0.00 per share; 623 shares acquired.
• Shares owned after transaction: Not specified in the provided filing summary.
• No footnotes or 10b5-1/ tax withholding details were included in the provided data.
• Filing appears timely (filed two days after the transaction); no late-filing flag indicated.

Context
Stock awards to directors are typically part of compensation or equity-retention plans and do not necessarily reflect immediate buying or selling sentiment. Because this was an awarded grant (not an open-market purchase or sale), it should be viewed as a compensation event unless additional details (vesting, restrictions, or subsequent sales) are disclosed later.