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

Role
General Counsel and Secretary
Signature
By: /s/ Susan Shelton
Stock symbol
PTLO
Transactions as of
Dec 23, 2022
Transactions value $
$48,321
Form type
4
Date filed
12/28/2022, 03:43 PM
Previous filing
Oct 25, 2022
Next filing
Sep 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Award $86.7K +5.05K +37.28% $17.19 18.6K Dec 23, 2022 Direct F1
transaction PTLO Class A common stock Tax liability -$38.4K -2.24K -12.03% $17.19 16.3K 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 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.