Fils Ira 4
Research Summary
AI-generated summary
El Pollo Loco (LOCO) CFO Ira Fils Sells 2,144 Shares (Tax Withholding)
What Happened
Ira Fils, Chief Financial Officer of El Pollo Loco Holdings, had 5,975 restricted shares vest and the company retained (disposed) 2,144 of those shares to satisfy his tax withholding obligation. The retained shares were valued at $13.95 each (issuer's closing price on May 28, 2026), for a total of $29,909. This was a tax-withholding share retention, not an open-market sale.
Key Details
- Transaction date: 2026-05-29; filing date: 2026-06-01 (filed timely, within the typical 2-business-day Form 4 window).
- Price used: $13.95 per share (closing price on May 28, 2026).
- Shares withheld/disposed: 2,144; value ≈ $29,909.
- Vesting/Net shares: 5,975 shares vested; after withholding Fils received a net 3,831 shares from the award.
- Footnote: Footnote F1 explains the withholding to satisfy tax obligations and confirms the price quoted is the May 28 close.
- Transaction code: F (payment of exercise price or tax liability — tax withholding).
Context
This was a routine tax-withholding transaction tied to the vesting of restricted stock, not an active sale in the open market. Such withholding is common and generally not interpreted as a directional insider trade signal.