SOUTH PLAINS FINANCIAL INC

During the three months ended December 31, 2023, none of the directors or officers of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408 of Regulation S-K.

On March 15, 2024, the Bank entered into the Amendment (the “Amendment”) to the Steve Crockett Deferred Compensation Plan Adoption Agreement (the “Plan”), dated as of March 6, 2008, as amended by that certain Amendment to the Plan, dated as of December 19, 2014 (the “2014 Amendment”), by and between Mr. Steven B. Crockett, the Chief Financial Officer of the Bank and the Company, and the Bank. The Plan is a nonqualified deferred compensation arrangement maintained primarily to provide supplemental retirement benefits for Mr. Crockett.

The Amendment increases the annual normal retirement benefit and the benefit upon a separation of service following a change in control payable to Mr. Crockett to from $50,000 to $100,000. In addition, the Amendment provides that, in the event of Mr. Crockett’s death, Mr. Crockett’s beneficiary will receive the lump sum amount of the separation from service benefit or disability benefit, as applicable, on the first day of the second month following Mr. Crockett’s death, provided that Mr. Crockett dies before such payment is made.

The foregoing description of the Amendment is only a summary and is qualified in its entirety by reference to the full text of the Amendment, the Plan, as amended by the 2014 Amendment, and the Nonqualified Deferred Compensation Basic Plan Document, which are attached hereto as Exhibit 10.19, Exhibit 10.18, and Exhibit 10.11, respectively, and incorporated herein by reference.