Waite Jill Francine 4

What Happened

• Jill Francine Waite, Chief People Officer of Portillo's (PTLO), received a grant of 40,760 restricted stock units (RSUs) on April 15, 2026 (reported as an Award, code A; grant price shown as $0). On the same date, 1,818 shares were disposed/withheld to satisfy tax withholding obligations at $5.52 per share, totaling $10,035 (reported under code F).
• The primary action is a compensation award (not an open-market purchase). The withheld shares reflect routine tax withholding on vesting or previously vested awards rather than a voluntary sale.

Key Details

• Transaction date: 2026-04-15; Filing date: 2026-04-16 (timely).
• Grant: 40,760 RSUs (A) — grant price reported $0.00.
• Tax withholding: 1,818 shares (F) at $5.52 = $10,035.
• Shares owned following the transactions: not specified in the provided filing details.
• Footnotes: F1 — the RSUs are time-based, with one-third vesting on each of the first three anniversaries, subject to continued service and award agreement. F2 — the 1,818 shares were deducted to satisfy tax withholding on vesting of previously disclosed awards.

Context

• RSUs are compensation that convert to company shares if/when vesting conditions (here, time-based service) are met; they are not an immediate market purchase or sell. The withholding is a common administrative step to cover taxes and does not necessarily signal insider sentiment about the stock.