Ehlers Paul A 4

What Happened

• Paul A. Ehlers, COO (City Bank) of South Plains Financial, was awarded 2,283 shares (code A: grant/award) and 884 shares were disposed/withheld to cover taxes (code F) at $42.50 per share for a withholding value of $37,570.
• The 2,283-item award appears to be restricted stock units (RSUs); 884 shares were surrendered/withheld to satisfy tax obligations, a common, routine result when RSUs vest.

Key Details

• Transactions dated: Feb 17, 2026 (884 shares withheld at $42.50; $37,570) and Feb 18, 2026 (2,283 shares granted at $0.00).
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The reported shares include restricted stock units that may be settled only by delivery of an equal number of shares of common stock and are subject to vesting and forfeiture (F1).
• Filing: Report filed Feb 19, 2026 for transactions on Feb 17–18 — appears to be timely.

Context

• This appears to be a standard RSU award with shares withheld to cover taxes rather than an open-market sale or purchase; such withholding is routine and does not necessarily signal a change in insider sentiment.
• Implied net issuance: 2,283 RSUs granted minus 884 shares withheld = 1,399 shares potentially delivered to Ehlers, subject to vesting/forfeiture per the footnote.