Michael K. Ellis - 23 Dec 2022 Form 4 Insider Report for Portillo's Inc. (PTLO)

Role
Chief Development Officer
Signature
/s/ Susan Shelton, as attorney-in-fact for Michael K. Ellis
Issuer symbol
PTLO
Transactions as of
23 Dec 2022
Net transactions value
+$17,431
Form type
4
Filing time
28 Dec 2022, 15:41:41 UTC
Previous filing
31 Aug 2022
Next filing
31 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Award $27,074 +1,575 +11% $17.19 15,544 23 Dec 2022 Direct F1
transaction PTLO Class A common stock Tax liability $9,644 -561 -3.6% $17.19 14,983 23 Dec 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of 1,575 shares of restricted stock, with 507 shares subject to a one-year holding requirement and 507 shares subject to a two-year holding requirement, in each case, in accordance with the terms of the applicable award agreement.
F2 Represents shares deducted to satisfy tax withholding obligations on the vesting of the award reported herein.