Portillo's (PTLO) CIO Keith Correia Withholds 601 Shares for Taxes

What Happened

• Keith M. Correia, Chief Information Officer of Portillo's, had 601 shares withheld to satisfy tax withholding obligations tied to the vesting of a previously disclosed award. The shares were valued at $6.50 each, totaling $3,907. This was a tax-withholding disposal (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-04-22; withholding: 601 shares at $6.50 each; total value ~$3,907.
• Shares owned after the transaction: not specified in this Form 4.
• Footnote: F1 — shares were deducted to satisfy tax withholding on vesting of a previously disclosed award.
• Filing date: 2026-04-29 for a 2026-04-22 transaction. This filing was submitted after the typical 2-business-day Form 4 window and therefore appears to be late.

Context

• This was a routine tax-withholding event tied to equity vesting (transaction code F), effectively a cashless method to cover tax obligations. Such withholdings are common and generally do not indicate a change in the insider’s view of the company.