Waite Jill Francine 4

What Happened
Jill Waite, Portillo's (PTLO) Chief People Officer, had 1,840 shares withheld (disposed) to satisfy tax withholding on a previously disclosed award. The withholding occurred on 2026-05-02 at an indicated value of $6.49 per share, for a total of approximately $11,942. This was an administrative tax-withholding action, not an open-market sale indicating a change in investment view.

Key Details

• Transaction date: 2026-05-02; Form filed: 2026-05-04 (appears filed within two days of the transaction).
• Shares withheld/disposed: 1,840 at $6.49 per share; total value ≈ $11,942.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: F1 — shares were deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award.
• Transaction code: F (payment of exercise price or tax liability) — routine withholding.

Context
This was a tax-withholding (cashless) disposition tied to vesting of an award (likely RSUs), which is an administrative action and not typically viewed as a market sentiment signal. Retail investors usually treat these withholdings as standard payroll-tax mechanics rather than a decision to sell shares.