PTLO Form 4: COO receives 43,457 RSUs, 104,553 shares owned

Rhea-AI Filing Summary

Portillo's Inc. (PTLO) filed a Form 4 reporting an equity award to its Chief Operating Officer. On 10/31/2025, the COO acquired 43,457 restricted stock units (RSUs) at a price of $0, coded as an acquisition.

According to the filing, these RSUs were granted on October 31, 2025 and will vest in full on October 31, 2026, subject to the award terms. Following the reported transaction, the officer beneficially owned 104,553 shares directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DARDEN TONY J

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A common stock	43,457	$0.00	--

Holdings After Transaction: Class A common stock — 104,553 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

DARDEN TONY J

(Last) (First) (Middle)

2001 SPRING ROAD

SUITE 400

(Street)

OAK BROOK IL 60523

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A common stock	10/31/2025		A		43,457(1)	A	$0	104,553	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units granted on October 31, 2025, which will vest in full on October 31, 2026, subject to the terms of the applicable award agreement.

Remarks:

	/s/ Kelly M. Kaiser, as attorney-infact for Tony J Darden	11/03/2025
	** 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.

FAQ

What did Portillo's (PTLO) report in this Form 4?

The company reported its Chief Operating Officer acquired 43,457 RSUs on 10/31/2025 at a price of $0.

How many shares does the reporting person own after the transaction?

Following the transaction, the officer beneficially owned 104,553 shares directly.

What is the vesting schedule for the RSUs granted to PTLO's COO?

The RSUs granted on October 31, 2025 will vest in full on October 31, 2026, subject to the award terms.

What position does the reporting person hold at Portillo's (PTLO)?

The reporting person is the company's Chief Operating Officer.

What was the transaction code and price listed for the RSUs?

The transaction was coded as an acquisition with a listed price of $0.

What type of security was reported in Table I?

Table I reports Class A common stock acquired via restricted stock units.