Form 4: Portillo's Inc. CFO Michelle Hook Reports Tax Withholding Share Deduction
SEC Form 4 Filing
Michelle Hook, CFO & Treasurer of Portillo's Inc., reports a transaction involving the deduction of shares to cover tax obligations upon vesting of a previously disclosed award.
Summary
- On May 2, 2025, Michelle Hook, CFO & Treasurer of Portillo's Inc., had 6,085 shares of Class A common stock deducted to satisfy tax withholding obligations.
- The shares were deducted at a price of $10.45 per share.
- Following the transaction, Hook directly owns 131,783 shares of Portillo's Inc. Class A common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (tax withholding) and doesn't indicate any significant positive or negative sentiment. It's a neutral disclosure.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, engage in transactions involving the company's stock. This filing indicates a routine tax obligation fulfillment related to vested stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 05/02/2025 | Date of transaction where shares were deducted for tax withholding. |
| 05/05/2025 | Date of signature on the report. |
Keywords
Form 4, Beneficial Ownership, Michelle Hook, Portillo's Inc., PTLO, CFO, Tax Withholding, Share Deduction
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