Form 4: Portillo's Inc. Director Ann G. Bordelon Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Director Ann G. Bordelon reports the acquisition of restricted stock units in Portillo's Inc.
Summary
- On April 15, 2025, Ann G. Bordelon, a director of Portillo's Inc., reported a transaction involving the acquisition of restricted stock units.
- Bordelon acquired 9,933 restricted stock units of Class A common stock at a price of $0.
- These restricted stock units will vest in full on December 31, 2025, contingent upon Bordelon's continued service with the company.
- Following the reported transaction, Bordelon beneficially owns 32,284 shares of Class A common stock directly.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a transaction.
Future Outlook
The restricted stock units are subject to continued service with the Issuer through the vesting date.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions and holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: Acquisition of restricted stock units. |
| 12/31/2025 | Vesting date for the restricted stock units. |
| 04/17/2025 | Date of Form 4 filing. |
Keywords
Form 4, Portillo's Inc., Director, Stock Units, Beneficial Ownership, PTLO, Bordelon
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