Portillo's (PTLO) director receives 12,681 restricted stock units in equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

LEE EUGENE I JR reported acquisition or exercise transactions in this Form 4 filing.

Portillo's Inc. director Eugene I. Lee Jr. received a grant of 12,681 shares of Class A common stock in the form of restricted stock units on April 15, 2026. These units will vest in full on December 31, 2026, if he continues serving the company through that date.

Following this grant, he holds 73,479 shares directly. He is also reported as having indirect ownership of 416,250 Class A shares held by a family trust, providing additional context for his overall equity exposure to Portillo's Inc.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider LEE EUGENE I JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	12,681	$0.00	--
holding	Class A common stock	--	--	--

Holdings After Transaction: Class A common stock — 73,479 shares (Direct); Class A common stock — 416,250 shares (Indirect, By Family Trust)

Footnotes (1)

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Key Figures

RSU grant size: 12,681 shares Direct holdings after grant: 73,479 shares Indirect holdings by Family Trust: 416,250 shares +1 more

4 metrics

RSU grant size 12,681 shares Restricted stock units granted April 15, 2026

Direct holdings after grant 73,479 shares Class A common stock held directly after transaction

Indirect holdings by Family Trust 416,250 shares Class A common stock held indirectly via Family Trust

Grant vesting date December 31, 2026 Date when RSUs vest in full if service continues

Key Terms

restricted stock units, vest in full, continued service, By Family Trust

4 terms

restricted stock units financial

"Represents restricted stock units granted on April 15, 2026, which will vest in full on December 31, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest in full financial

"which will vest in full on December 31, 2026, subject to the Reporting Person's continued service"

continued service financial

"subject to the Reporting Person's continued service with the Issuer through such vesting date"

By Family Trust financial

"nature_of_ownership": "By Family Trust""

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 04:34 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

LEE EUGENE I JR

(Last)

(First)

(Middle)

C/O PORTILLO'S INC.

2001 SPRING ROAD, SUITE 400

(Street)

OAK BROOK

ILLINOIS

60523

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Portillo's Inc. [ PTLO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A common stock	04/15/2026		A		12,681⁽¹⁾	A	$0	73,479	D
Class A common stock								416,250	I	By Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents restricted stock units granted on April 15, 2026, which will vest in full on December 31, 2026, subject to the Reporting Person's continued service with the Issuer through such vesting date and the terms of the applicable award agreement.

Remarks:

	/s/ Kelly M. Kaiser, as attorney-in-fact for Eugene I. Lee, Jr.	04/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Portillo's (PTLO) report for Eugene I. Lee Jr.?

Portillo's reported that director Eugene I. Lee Jr. received 12,681 restricted stock units of Class A common stock on April 15, 2026. The award is compensation-based, carries no purchase price, and reflects additional equity incentive tied to his continued service with the company.

When do the newly granted Portillo's (PTLO) restricted stock units vest?

The 12,681 restricted stock units granted to director Eugene I. Lee Jr. vest in full on December 31, 2026. Vesting depends on his continued service with Portillo's Inc. through that date, under the terms of the applicable award agreement governing the grant.

How many Portillo's (PTLO) shares does Eugene I. Lee Jr. own directly after this Form 4?

After the April 15, 2026 grant, Eugene I. Lee Jr. directly holds 73,479 shares of Portillo's Class A common stock. This figure includes the newly awarded restricted stock units and reflects his reported direct ownership position following the transaction.

What indirect Portillo's (PTLO) holdings are reported for Eugene I. Lee Jr.?

The filing shows indirect ownership of 416,250 Class A shares held "By Family Trust" associated with Eugene I. Lee Jr. This entry reflects shares reported as indirectly owned, separate from his direct holdings, and does not itself represent a new transaction in the stock.

Was the Portillo's (PTLO) equity grant to Eugene I. Lee Jr. an open-market purchase?

No, the 12,681-share transaction was coded as a grant or award, not an open-market purchase. The shares carry a transaction price of $0.00 per share, indicating a compensation-related equity award subject to vesting conditions rather than a market buy.

What conditions apply to Eugene I. Lee Jr.’s Portillo's (PTLO) restricted stock units?

The restricted stock units granted on April 15, 2026 will vest only if Eugene I. Lee Jr. continues serving Portillo's Inc. through December 31, 2026. The award is also governed by the specific terms and conditions of the applicable award agreement.