4//SEC Filing
Hart Gerard Johan 4
Accession 0001871509-24-000120
CIK 0001871509other
Filed
Sep 16, 8:00 PM ET
Accepted
Sep 17, 5:53 PM ET
Size
8.7 KB
Accession
0001871509-24-000120
Insider Transaction Report
Form 4
Portillo's Inc.PTLO
Hart Gerard Johan
Director
Transactions
- Conversion
LLC Units of PHD Group Holdings LLC
2024-09-13−50,072→ 0 total(indirect: By LLC)→ Class A common stock (50,072 underlying) - Conversion
Class A common stock
2024-09-13+50,072→ 50,072 total(indirect: By Trust)
Holdings
- 21,819
Class A common stock
Footnotes (3)
- [F1]Represents shares of Class A common stock acquired in connection with the exchange by the Reporting Person of an equal number of LLC Units of PHD Group Holdings LLC in accordance with the terms of the Second Amended and Restated Limited Liability Company Agreement of PHD Group Holdings LLC, dated as of October 20, 2021 (the "LLC Agreement"). At the time of such exchange, an equal number of shares of Class B common stock of the Issuer held by the Reporting Person were cancelled, for no additional consideration, in accordance with the LLC Agreement.
- [F2]Includes 10,050 restricted stock units that will vest in full on December 31, 2024, subject to the Reporting Person's continued service with the Issuer through such vesting date and the terms of the applicable award agreement.
- [F3]Pursuant to the LLC Agreement, LLC Units held by the Reporting Person are exchangeable for shares of Class A common stock on a one-for-one basis, subject to certain exceptions, conditions and adjustments. The LLC Units have no expiration date.
Documents
Issuer
Portillo's Inc.
CIK 0001871509
Entity typeother
Related Parties
1- filerCIK 0001305052
Filing Metadata
- Form type
- 4
- Filed
- Sep 16, 8:00 PM ET
- Accepted
- Sep 17, 5:53 PM ET
- Size
- 8.7 KB