Susan Beth Shelton - 23 Dec 2022 Form 4 Insider Report for Portillo's Inc. (PTLO)

Role
General Counsel and Secretary
Signature
By: /s/ Susan Shelton
Issuer symbol
PTLO
Transactions as of
23 Dec 2022
Net transactions value
+$48,321
Form type
4
Filing time
28 Dec 2022, 15:43:00 UTC
Previous filing
25 Oct 2022
Next filing
05 Sep 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 $86,741 +5,046 +37% $17.19 18,580 23 Dec 2022 Direct F1
transaction PTLO Class A common stock Tax liability $38,420 -2,235 -12% $17.19 16,345 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 5,046 shares of restricted stock, with 1,406 shares subject to a one-year holding requirement and 1,405 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.