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

Role
Chief Operating Officer
Signature
By: /s/ Susan Shelton, as attorney-in-fact for Derrick Pratt
Stock symbol
PTLO
Transactions as of
Dec 23, 2022
Transactions value $
$62,829
Form type
4
Date filed
12/28/2022, 03:42 PM
Previous filing
Dec 2, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTLO Class A common stock Award $113K +6.56K +11.61% $17.19 63.1K Dec 23, 2022 Direct F1
transaction PTLO Class A common stock Tax liability -$50K -2.91K -4.61% $17.19 60.2K 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 6,561 shares of restricted stock, with 1,827 shares subject to a one-year holding requirement and 1,828 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.