Form 4: Portillo's Inc. Executive Nicholas Scarpino Reports Stock Transaction
SEC Form 4 Filing
Chief Marketing Officer Nicholas Scarpino reports a transaction involving Portillo's Inc. Class A common stock to cover tax obligations.
Summary
- On October 21, 2024, Nicholas Anthony Scarpino, Chief Marketing Officer of Portillo's Inc., reported a transaction involving Class A common stock.
- The transaction involved the disposal of 1,580 shares to satisfy tax withholding obligations related to the vesting of a previously disclosed award.
- The price per share was $12.57.
- Following the transaction, Scarpino beneficially owns 26,870 shares of Portillo's Inc. Class A common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
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 from vesting of stock awards, a common practice.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations and does not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 10/21/2024 | Date of stock transaction |
| 10/23/2024 | Date of signature on the report |
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