Welcome to our dedicated page for Portillo'S SEC filings (Ticker: PTLO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Portillo’s Inc. filings document the public-company disclosures of a fast-casual restaurant operator known for Chicago-style menu items and a company-owned restaurant model. Recent Forms 8-K furnish quarterly earnings releases and supplemental presentations, including revenue, same-restaurant sales, operating income, net income or loss, Restaurant-Level Adjusted EBITDA and adjusted EBITDA.
The filings also report Item 5.02 governance and officer matters, including chief executive officer, chief financial officer, chief development officer and board chair changes, together with related compensation arrangements and severance plan disclosures when applicable. The definitive proxy statement covers director elections, board governance, executive compensation, equity awards and annual-meeting voting matters.
Portillo's Inc. director Gerard Johan Hart exercised stock options to acquire 50,070 shares of Class A common stock. On March 13, 2026, he exercised options for 50,070 underlying shares at an exercise price of $3.85 per share, receiving the common shares at a transaction price of $5.33 per share.
These options were originally granted on August 8, 2016 under the company’s 2014 Equity Incentive Plan and later substituted into the 2021 Equity Incentive Plan, and were fully vested. Following the transactions, Hart holds 107,965 Class A shares directly and 50,072 Class A shares indirectly through a trust.
Portillo's Inc. director Eugene I. Lee Jr. reported an open-market purchase of 286,000 shares of Class A common stock at a weighted average price of $5.18 per share. The shares were bought indirectly through a family trust in multiple transactions between $5.02 and $5.34.
After these purchases, indirect holdings through the family trust increased to 416,250 shares, and direct holdings are 60,798 shares. This filing highlights a substantial net increase in the director’s overall economic exposure to Portillo's stock.
Portillo’s Inc. reports a planned Board leadership transition. Eugene I. Lee, Jr., a long-time restaurant industry executive and former CEO and Chairman of Darden Restaurants, has been appointed Chair of the Board, effective March 10, 2026.
He succeeds Michael A. Miles, Jr., who will retire from the Board at the 2026 Annual Meeting after leading Portillo’s Board since 2014 and serving as Interim Chief Executive Officer during the company’s recent strategic reset. Directors Miles and Joshua A. Lutzker have notified the company they will not stand for reelection at the 2026 Annual Meeting, after which the Board will be reduced to seven members.
The company emphasizes that the decisions by Miles and Lutzker not to stand for reelection are not due to any disagreement or dispute. Both will continue to serve on the Compensation and Nomination & Governance Committees until the 2026 Annual Meeting. Portillo’s issued a press release detailing these changes, which is furnished as an exhibit.
Miles Michael reported acquisition or exercise transactions in this Form 4 filing.
Portillo's Inc. director Michael Miles reported an equity award of 47,004 restricted stock units representing Class A common stock. These RSUs were granted on March 2, 2026 and will vest in full on December 31, 2026, as long as he continues serving the company through that date. Following this grant, his directly held stake increased to 446,917 shares or units.
Portillo's Inc. Chief Information Officer Keith M. Correia reported acquiring 28 shares of Class A common stock through the company’s 2022 Employee Stock Purchase Plan. The shares were purchased for $4.81 each, equal to 90% of the February 27, 2026 closing price, bringing his direct holdings to 62,843 shares.
Portillo's Inc. General Counsel and Secretary Kelly M. Kaiser reported routine equity transactions in Class A common stock. Kaiser acquired 730 shares at $4.81 per share through the 2022 Employee Stock Purchase Plan for the period from December 1, 2025 to February 28, 2026, purchased at 90% of the February 27, 2026 closing price. To cover tax withholding on the vesting of this award, 25 shares were automatically withheld. Following these transactions, Kaiser directly owns 105,173 shares of Portillo's Class A common stock.
Portillo's Inc. Chief Financial Officer and Treasurer Michelle Greig Hook reported routine equity activity in Class A common stock. She acquired 1,501 shares on February 28, 2026, recorded at $4.81 per share, through participation in the company’s 2022 Employee Stock Purchase Plan at a 10% discount to the February 27, 2026 closing price. To cover tax withholding on the vesting of an equity award, 50 shares were withheld and disposed of the same day. Following these transactions, she directly owned 218,680 shares of Class A common stock.
Portillo's Inc. Chief People Officer Jill Francine Waite reported routine equity activity in Class A common stock. She acquired 404 shares, including stock bought under the 2022 Employee Stock Purchase Plan for the purchase period from December 1, 2025 to February 28, 2026, at $4.81 per share, equal to 90% of the closing price on February 27, 2026. In a related tax-withholding disposition, 13 shares were deducted to satisfy tax obligations upon vesting of the reported award. Following these transactions, she directly holds 95,076 shares of Portillo's Class A common stock.
Portillo's Inc. director and President & CEO Brett Patterson filed an initial ownership report showing he holds 69,084 shares of Class A common stock directly. A related inducement grant of restricted stock units vests in two equal parts on February 23, 2027 and February 23, 2028, subject to his continued service and the award terms.
Portillo’s Inc. describes a fast-growing, Chicago-style restaurant chain that owned and operated 102 locations across 11 states as of fiscal 2025, plus joint ventures including an upcoming Dallas-Fort Worth airport site. The company controls about 95.4% of Portillo’s OpCo, with remaining interests held by pre-IPO LLC members.
Management highlights its drive-thru-focused, multi-channel model, the Portillo’s Perks loyalty program launched in March 2025 with over two million members, and eight new restaurants opened in 2025, largely using a smaller “Restaurant of the Future” prototype to improve returns and capital efficiency.
The filing emphasizes heavy competition, geographic concentration in the Midwest, commodity inflation of 3.9% in 2025 and 4.2% in 2024, labor availability and unionization risks, technology and cybersecurity threats, and substantial goodwill and intangible assets of about $394.3 million and $245.1 million that could be impaired if results weaken.