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

Role
President & CEO, Director
Signature
By: /s/ Susan Shelton, as attorney-in-fact for Michael Osanloo
Stock symbol
PTLO
Transactions as of
Dec 23, 2022
Transactions value $
$230,466
Form type
4
Date filed
12/28/2022, 03:42 PM
Previous filing
Dec 2, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Award $414K +24.1K +14.23% $17.19 193K Dec 23, 2022 Direct F1
transaction PTLO Class A common stock Tax liability -$183K -10.7K -5.52% $17.19 182K 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 24,069 shares of restricted stock, with 6,703 shares subject to a one-year holding requirement and 6,704 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.