Miles Michael 4

What Happened Miles Michael, Interim President & CEO and a director of Portillo's, was granted 70,796 restricted stock units (RSUs) on February 2, 2026. The Form 4 reports the RSUs as an award/acquisition at $0.00 per share (total reported acquisition value $0), reflecting a compensation grant rather than an open-market purchase.

Key Details

• Transaction date: February 2, 2026 (reported on Form 4 filed Feb 3, 2026).
• Transaction type/code: Award/Grant (A).
• Shares granted: 70,796 RSUs; reported acquisition price: $0.00; reported total value: $0.
• Vesting: Footnote indicates the RSUs will vest in full on February 2, 2027, subject to the award agreement.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported on Form 4 dated Feb 3, 2026 for the Feb 2 transaction; no late-filing indication in the provided record.

Context RSU grants are compensation awards and do not represent an immediate open-market purchase or sale. The grant signals company compensation to the executive but should not be treated as a direct market-confidence buy; value is realized only if and when the RSUs vest (and any withholding/sale occurs per the award terms).