Correia Keith M 4

What Happened
Keith M. Correia, Chief Information Officer of Portillo's, was granted 27,173 restricted stock units (RSUs) on April 15, 2026 (reported as an acquisition, code A). On the same date, 1,206 shares were disposed of to satisfy tax-withholding obligations at $5.52 per share, generating proceeds of $6,657 (reported as code F). The RSU grant is recorded at $0.00 per share in the filing because it is a time-based equity award rather than an open-market purchase.

Key Details

• Transaction dates: April 15, 2026 (Period of Report); filing dated April 16, 2026 (timely).
• Grant: 27,173 RSUs granted (code A); price listed $0.00 (typical for RSU awards).
• Withholding: 1,206 shares withheld/disposed at $5.52/share for $6,657 to cover taxes (code F).
• Vesting: The RSUs vest time-based — one-third on each of the first three anniversaries of the April 15, 2026 grant, subject to continued service and award terms (footnote F1).
• The 1,206-share disposition represents tax withholding on previously disclosed awards (footnote F2).
• Shares owned after the transactions are not specified in the provided excerpt.

Context
RSU grants are compensation and not an open-market purchase (they're an acquisition of a future equity right). The tax-withholding sale is routine and common when awards vest; it does not necessarily indicate a view on the company's stock. This filing appears timely (filed the day after the report date).