Portillo's (PTLO) CIO Keith Correia Buys 73 Shares via ESPP

What Happened
Keith M. Correia, Chief Information Officer of Portillo's, acquired 73 shares of Portillo's Class A common stock on May 31, 2026 at $3.86 per share (total ≈ $282) under the company's Employee Stock Purchase Plan (ESPP). The filing also reports 2 shares were surrendered to cover tax withholding obligations related to the award.

Key Details

• Transaction date: 2026-05-31; Form 4 filed: 2026-06-02 (appears within the standard two-business-day window).
• Primary transaction: Acquisition (ESPP) of 73 shares at $3.86 each — total ≈ $282.
• Tax-related disposition: 2 shares disposed at $3.86 each to satisfy withholding.
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • The 73 shares were purchased under the Portillo's 2022 ESPP for the March 1–May 31, 2026 purchase period; purchase price was 90% of the May 29, 2026 closing price.
  • The 2 shares were withheld to satisfy tax withholding on the vesting/award.

Context

• This was an ESPP purchase (employee payroll-based purchase at a discount), a routine form of insider acquisition rather than an open-market investment signal.
• Small-dollar ESPP purchases are common and typically reflect participation in the company's employee plan rather than a large personal investment decision.