Form 4: Portillo's Inc. Executive Keith M. Correia Reports Stock Transaction

Keith M. Correia, Chief Information Officer of Portillo's Inc., reports disposition of 601 shares to cover tax obligations.

Summary

• On April 22, 2025, Keith M. Correia, the Chief Information Officer of Portillo's Inc. (PTLO), reported a transaction involving Class A common stock.
• Correia disposed of 601 shares at a price of $10.84 per share to satisfy tax withholding obligations related to the vesting of a previously disclosed award.
• Following the transaction, Correia beneficially owns 30,540 shares of Portillo's Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an executive's stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations and does not necessarily reflect a change in the executive's long-term outlook on the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine activity related to executive compensation and tax obligations.

Key Dates

Keywords

Form 4, Portillo's Inc., PTLO, Keith M. Correia, Chief Information Officer, Stock Transaction, Beneficial Ownership, Tax Withholding