Waite Jill Francine 4

What Happened

• Jill Francine Waite, Chief People Officer of Portillo's Inc. (PTLO), received an award/acquisition of 1,146 shares on May 31, 2026 at $3.86 per share (total reported value $4,424).
• The filing also reports 33 shares were disposed (withheld) to satisfy tax withholding obligations on the vesting of the award (33 shares × $3.86 = $127).
• Net effect reported here: +1,113 shares (1,146 awarded minus 33 withheld), net value ≈ $4,297 based on the reported $3.86 price.

Key Details

• Transaction dates and prices:
  • 2026-05-31: Award/acquisition (code A) — 1,146 shares @ $3.86 ($4,424).
  • 2026-05-31: Tax withholding (code F) — 33 shares @ $3.86 ($127) deducted.
• Net increase: 1,113 shares (1,146 − 33) from these entries.
• Footnotes:
  • F1: The filing notes inclusion of shares purchased under the company's 2022 ESPP for the Mar 1–May 31, 2026 purchase period; ESPP purchases were at 90% of the May 29 closing price.
  • F2: The 33-share disposal represents shares withheld to satisfy tax withholding on the vesting award.
• Filing timeliness: Report filed 2026-06-02 for a 2026-05-31 transaction (appears filed within the standard Form 4 reporting window).
• Shares owned after the transaction: not specified in the excerpt provided.

Context

• This was an award/vesting event (compensation-related) rather than an open-market purchase or sale. Tax-withholding through share deduction is routine and does not by itself indicate a buy/sell sentiment.
• For retail investors: acquisitions are often more informative than sales, but vesting awards primarily reflect compensation plan mechanics rather than a direct bullish signal.