Patterson Brett 4

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.