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. (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.
Portillo's Inc. (PTLO) filed a Form 4 reporting an insider share withholding for taxes. On 10/31/2025, Chief Development Officer Michael K. Ellis had 3,040 shares of Class A common stock withheld at $5.35 under transaction code F, which reflects shares withheld to satisfy tax obligations upon vesting of previously disclosed awards. Following the transaction, he beneficially owns 45,529 shares directly.
This is an administrative tax-withholding event tied to equity award vesting rather than an open‑market sale.
Portillo’s (PTLO) insider equity award: Chief Information Officer Keith M. Correia reported the acquisition of 33,177 shares of Class A common stock on 10/31/2025, reflected as a grant of restricted stock units at $0 per share. Following the award, beneficial ownership stands at 62,616 shares, held directly. The RSUs were granted on October 31, 2025 and will vest in full on October 31, 2026, subject to the terms of the award agreement.
Portillo's Inc. (PTLO) reported an insider equity grant. General Counsel and Secretary Kelly M. Kaiser acquired 35,514 shares labeled as Class A common stock on 10/31/2025, tied to a grant of restricted stock units disclosed in the footnote. The transaction was recorded at a price of $0.
The filing states these restricted stock units were granted on October 31, 2025 and will vest in full on October 31, 2026, subject to the award agreement. Following the reported transaction, beneficial ownership was 104,375 shares, held directly.
Portillo’s Inc. (PTLO) announced that Chief Development Officer Mike Ellis will depart, effective October 31, 2025. His separation will be treated as a qualifying termination under the Senior Executive Severance Plan, with a separation agreement expected to include a general release and customary covenants.
Subject to his timely release, the company expects to provide: cash severance equal to his Annual Base Salary paid over the severance period, a prorated earned 2025 Annual Bonus paid when annual bonuses are paid, COBRA reimbursement for the excess cost of continued health coverage for the COBRA period or until he obtains comparable coverage, and outplacement services for up to 12 months valued at up to $25,000.
Equity treatment includes accelerated vesting, effective October 31, 2025, of 6,208 RSUs scheduled for April 2026 and 6,281 RSUs scheduled for May 2026. Any other equity grants will be forfeited.
Portillo's Inc. filed a Form 4 reporting an equity grant to Interim President & CEO and Director Michael Miles. On 10/15/2025, he was awarded 199,005 restricted stock units at a price of $0. These RSUs are scheduled to vest in full on 10/15/2026, subject to the terms of the award agreement.
Following the reported transaction, Miles beneficially owns 245,413 shares of Class A common stock, held directly.
Portillo's Inc. (PTLO) reported an insider equity grant. Director Eugene I. Lee, Jr. acquired 2,073 shares of Class A common stock on 10/15/2025 at a reported price of $0, reflecting a grant of restricted stock units. According to the footnote, these RSUs were granted on October 15, 2025 and will vest in full on 10/15/2026, subject to the award agreement.
Following the transaction, the reporting person beneficially owns 11,779 shares directly and 130,250 shares indirectly by Family Trust. This filing reflects an equity award to a director and an updated ownership position.
Portillo's Inc. amended its prior report to disclose compensation details tied to a leadership transition effective September 21, 2025. The Board Chair, Michael A. Miles, Jr., was named Interim CEO with an annualized base salary of $60,000 and an initial $1,200,000 RSU award that vests on the one-year anniversary, plus subsequent monthly RSU grants valued at $400,000 each that vest after one year. The departing CEO, Michael Osanloo, will receive 18 months of salary continuation, a prorated 2025 bonus, up to 18 months of benefits continuation, outplacement up to $25,000, and extended option exercise rights through the 10th anniversary of a 2018 grant.
Denise P. Lauer, Chief Marketing Officer of Portillo's Inc. (PTLO), reported initial beneficial ownership of 67,025 shares of Class A common stock as restricted stock units granted on September 22, 2025. The RSUs vest one-third on each of the first three anniversaries of the grant, subject to continued service and the award agreement. The filing was signed by an attorney-in-fact on September 30, 2025.
Portillo's Inc. announced that Michael Osanloo departed as President and Chief Executive Officer effective September 21, 2025, and was deemed to have resigned from the Board. The Board has reduced its size to eliminate the vacancy and started a CEO search that will use a leading global executive search firm. The company expects to enter into a release agreement with Mr. Osanloo that would trigger severance benefits under the Senior Executive Severance Plan.
Michael A. Miles, Jr., age 63, was appointed interim CEO effective September 21, 2025. Mr. Miles is the Board Chairman, previously served as interim CEO in 2014–2015, and has executive experience as former COO and President of Staples, Inc., and COO of Pizza Hut. Compensation for Mr. Miles as interim CEO has not been finalized and will be disclosed in an amendment.