Bates Brent A 4
4 · SOUTH PLAINS FINANCIAL, INC. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
South Plains Financial CCO Brent Bates Receives 2,283 RSUs; 840 Withheld
What Happened
- Brent A. Bates, Chief Credit Officer (CCO) of South Plains Financial, had 840 shares withheld to satisfy tax withholding tied to equity compensation and was granted 2,283 restricted stock units (RSUs).
- Withheld shares: 840 shares disposed at $42.50 per share for a total of $35,700 (reported 2026-02-17).
- Grant: 2,283 shares reported as an award/other acquisition at $0.00 (RSUs) on 2026-02-18.
Key Details
- Transaction dates and amounts:
- 2026-02-17 — 840 shares withheld (code F) at $42.50; proceeds/withholding $35,700.
- 2026-02-18 — 2,283 RSUs granted (code A) at $0.00.
- Shares owned after the transactions: not specified in the Form 4 filing.
- Footnote: The reported shares include restricted stock units that can be settled only by delivery of an equal number of common shares and are subject to vesting and forfeiture conditions.
- Filing timeliness: Form filed 2026-02-19 for transactions on 2/17–2/18; appears to be timely.
Context
- This was not an open-market purchase or sale for cash gain but a routine equity-compensation event: Bates received an RSU award and had shares withheld to cover taxes. RSU grants are acquisitions but are subject to future vesting — they do not represent immediately liquid, vested shares unless and until vesting conditions are met.
Insider Transaction Report
Form 4
Bates Brent A
Other
Transactions
- Tax Payment
Common Stock
[F1]2026-02-17$42.50/sh−840$35,700→ 11,337 total - Award
Common Stock
[F1]2026-02-18+2,283→ 13,620 total
Footnotes (1)
- [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.
Signature
/s/ Mikella D. Newsom as Attorney-in-Fact for Brent A. Bates|2026-02-19