LEE EUGENE I JR 4

What Happened Eugene I. Lee Jr., a director of Portillo's Inc. (PTLO), acquired 286,000 shares on 2026-03-13 in open-market purchases. The filing reports a weighted-average price of $5.18 per share for a total consideration of $1,481,480. This was a purchase transaction (code P), which many investors view as a direct insider buy rather than a sale.

Key Details

• Transaction date: 2026-03-13 (filed the same day; appears timely)
• Quantity and price: 286,000 shares at a weighted-average price of $5.18; total ≈ $1,481,480
• Price range: purchases occurred at prices between $5.02 and $5.34 per share (weighted average reported)
• Shares owned after transaction: Not disclosed in this Form 4
• Footnote: Reporting person says shares were acquired in multiple transactions and will provide a breakdown of shares bought at each price upon request (per the filing)
• No 10b5-1 plan, tax-withholding, or other derivative-related notes were indicated in this filing

Context This was a straightforward open-market purchase by a company director. The filing does not provide Lee’s total holdings after the buy, and the footnote simply clarifies the weighted-average pricing across multiple trades. As always, insider buys are factual data points—use them alongside company fundamentals and broader market info when making investment decisions.