Form 4: Portillo's CIO Granted 33,177 Restricted Stock Units

Portillo's Chief Information Officer, Keith M Correia, was granted 33,177 restricted stock units, which are set to vest in full on October 31, 2026.

Summary

• Keith M Correia, Chief Information Officer of Portillo's Inc. (PTLO), reported an acquisition of equity securities.
• The transaction occurred on October 31, 2025, and involved the grant of 33,177 Class A common stock restricted stock units (RSUs).
• These RSUs were granted at a price of $0 per unit, indicating a compensation award.
• Following this transaction, Keith M Correia beneficially owns a total of 62,616 Class A common stock shares.
• The granted RSUs will vest in full on October 31, 2026, subject to the terms of the applicable award agreement.

Sentiment

Score: 7

Explanation: The grant of restricted stock units is a positive event for the executive, aligning their interests with shareholders. It represents a standard compensation practice and does not directly reflect company performance, hence a moderately positive score.

Positives

• The grant of restricted stock units aligns the Chief Information Officer's interests with those of shareholders, incentivizing long-term performance.
• This equity award is a standard component of executive compensation packages, reflecting ongoing commitment to key management personnel.

Future Outlook

The restricted stock units are scheduled to vest in full on October 31, 2026, indicating a future equity payout for the Chief Information Officer contingent on continued employment and company performance.

Industry Context

The grant of restricted stock units to a Chief Information Officer is a common practice in the restaurant and hospitality industry, as well as across publicly traded companies, to attract, retain, and incentivize key executives by linking their compensation to the company's long-term stock performance.

Stakeholder Impact

• Shareholders: The grant aligns the Chief Information Officer's long-term interests with shareholder value creation.
• Employees: Reflects standard executive compensation practices, potentially impacting morale and retention of key personnel.

Next Steps

• The restricted stock units will vest in full on October 31, 2026, at which point they will convert into Class A common stock shares.

Key Dates

Keywords

Portillo's, PTLO, Keith M Correia, Chief Information Officer, Restricted Stock Units, RSU Grant, Insider Transaction, Executive Compensation, Equity Award