Curtis C. Griffith has been the CEO of South Plains Financial, Inc. since December 2019, and his experience in finance is backed by a Bachelor's Degree in Finance from Texas Tech University. Under his leadership, the company has focused on...

Curtis C. Griffith has been the CEO of South Plains Financial, Inc. since December 2019, and his experience in finance is backed by a Bachelor's Degree in Finance from Texas Tech University. Under his leadership, the company has focused on strong performance metrics, linking pay to the firm’s success, which is reflected in his compensation structure. For example, in 2022, he had an impressive total compensation of over $1.17 million, which included a substantial bonus based on individual performance and company results. Griffith’s hands-on approach emphasizes accountability and aligning his interests with shareholders. His employment agreement ensures a steady base salary and potential for lucrative bonuses, which depend on how well the company performs financially. Interestingly, Griffith was also given the title of Chairman of the Board at the same time he took on the CEO role. His professional choices highlight a commitment to strategic growth and operational efficiency in banking, which are crucial in an evolving financial landscape.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

S

Curtis C. Griffith

CEO of South Plains Financial, Inc.

Education

Degrees in agricultural economics and law from Texas Tech University

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1953 - 72 years ago

CEO of South Plains Financial, Inc. for

32 years 4 months (Jan 1993 - Present)

Previous Experience

Chairman of the Board since 1993, involved in agriculture-related businesses

Rivals

Competitors/colleagues of Curtis C. Griffith

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Michael E. Daniels

Founder and CEO of Nicolet Bankshares

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$0.00

Other

$20.00K

Total Holdings

$35.81M

S

Christopher J. McComish

CEO of S&T Bancorp

2023 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$70.00K

Other

$20.00K

Total Holdings

$715.40K

O

Patrick S. Barrett

CEO of OceanFirst Financial

2023 Compensation

Stock

$0.00

Salary

$450.00K

Bonus

$285.12K

Other

$65.33K

Total Holdings

$1.71M

Holdings

See how much did Curtis C. Griffith make over time.

Curtis C. Griffith has substantial holdings in South Plains Financial, reflecting his confidence in the company’s future. His stock options have shown notable fluctuation, with key vested amounts varying year by year. In 2022, he had the most significant value...

Curtis C. Griffith has substantial holdings in South Plains Financial, reflecting his confidence in the company’s future. His stock options have shown notable fluctuation, with key vested amounts varying year by year. In 2022, he had the most significant value in vested stock, amounting to approximately $3.45 million. Being actively involved, Griffith’s wealth primarily relies on his holdings, which indicates his strong belief in the company’s trajectory. While he had options getting vested in previous years, including 2019, 2020, and 2021, in 2023 he didn't report any new stock grants. This reveals a tactical approach, carefully watching the market for optimal timing before making significant trades. His stake in the company keeps him motivated to drive its performance.

Total Stock Sold

$19.05M

SPFI

$19.05M

645,260 SPFI shares

What if they kept their stock?

If Curtis C. Griffith didn't sell their stock, today they would have:
Extra SPFI645,260 shares worth $8.19M.
This is -56.98% and $10.85M less than what they got when they sold the stock.

Charitable Transactions

SPFI

873,000 shares

SPFI

Recent Charitable Transactions

SPFI

3,000 shares

SPFI

Feb 12, 2025

Charity

SPFI

870,000 shares

SPFI

Dec 31, 2021

Charity

Insider Trading

See recent insider trades of Curtis C. Griffith.

SPFI

$3.30M

SPFI at $33.00/share

Mar 10, 2025

Sale

SPFI

$758.22K

SPFI at $35.36/share

Feb 18, 2025

Sale

SPFI

$1.37M

SPFI at $35.56/share

Feb 12, 2025

Sale

SPFI

3,000 shares

SPFI

Feb 12, 2025

Charity

SPFI

$1.68M

SPFI at $33.50/share

Nov 5, 2024

Sale

SPFI

$1.50M

SPFI at $30.00/share

Aug 15, 2024

Sale

SPFI

$987.83K

SPFI at $30.37/share

Aug 2, 2024

Sale

SPFI

$576.16K

SPFI at $32.98/share

Jul 30, 2024

Sale

SPFI

$205.15K

SPFI at $26.20/share

Jun 13, 2024

Sale

SPFI

$205.15K

SPFI at $26.20/share

Jun 13, 2023

Sale

Compensation History

See how much did Curtis C. Griffith make over time.

In 2023, Curtis C. Griffith's total compensation reached $640,000, which consists of a salary of $400,000 and a bonus based on his performance. His compensation package aligns with the company’s focus on performance metrics, meaning he gets paid more when the company does well. For instance, his bonus in 2022 also reached $160,000, showcasing how his rewards reflect South Plains Financial's success. Previous years showed even higher total figures, like in 2022 when his complete earnings exceeded $1.17 million, thanks to additional stock and options vesting. The structure of his pay shows a dedication to pushing the company’s growth, with the compensation tied to key metrics such as efficiency and income, ensuring he benefits from the company’s successes directly.

Year

2023

Total Compensation

$648.33K

Salary

$400.00K

Board Justification

The compensation philosophy aims to attract and retain experienced executives, aligning their interests with shareholders through performance-based incentives.

Bonus

$160.00K

Board Justification

Annual incentive bonuses earned based on individual performance, determined by the Compensation Committee.

Other

$88.33K

Board Justification

Other compensation includes unused sick and vacation pay, vehicle expenses, 401(k) contributions, and insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023.

Performance Metrics

Performance metrics include the Company’s net income, efficiency ratio, asset quality, and individual performance.