Patterson Brett 4
4 · Portillo's Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Portillo's (PTLO) CEO Brett Patterson Receives Restricted Stock Award
What Happened Brett Patterson, President, CEO and a Director of Portillo's, received a grant of 271,739 restricted stock units (RSUs) on April 15, 2026. The award was reported at $0.00 per share (initial grant of RSUs carries no immediate cash purchase or sale). This is a compensation award, not an open‑market purchase or sale.
Key Details
- Transaction type: Award/Grant (code A) of 271,739 RSUs on 2026-04-15; reported on Form 4 filed 2026-04-16 (timely).
- Price: $0.00 per unit at grant; initial reported value $0 for immediate transfer.
- Vesting: Per footnote, the RSUs are time‑based — one‑third vest on each of the first three anniversaries of the grant, subject to continued service and the award agreement.
- Shares owned after transaction: Not specified in the provided filing details.
- No tax‑withholding or immediate sale noted in this filing.
Context RSUs are restricted units that convert to shares only as they vest; they are common executive compensation and do not indicate an immediate purchase or sale of stock. Such awards are typically intended for retention and alignment with shareholder interests; they should be viewed as compensation actions rather than a direct buy or sell signal.
Insider Transaction Report
- Award
Class A common stock
[F1]2026-04-15+271,739→ 340,823 total
Footnotes (1)
- [F1]Represents restricted stock units subject to time-based vesting granted on April 15, 2026, one-third of which vest on each of the first three anniversaries of the grant date, subject to the Reporting Person's continued service with the Issuer and the terms of the applicable award agreement.