Michael K. Ellis - Dec 23, 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
Stock symbol
PTLO
Transactions as of
Dec 23, 2022
Transactions value $
$17,431
Form type
4
Date filed
12/28/2022, 03:41 PM
Previous filing
Aug 31, 2022
Next filing
Aug 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Award $27.1K +1.58K +11.27% $17.19 15.5K Dec 23, 2022 Direct F1
transaction PTLO Class A common stock Tax liability -$9.64K -561 -3.61% $17.19 15K Dec 23, 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.