Lauer Denise Peggy 4

What Happened

• Denise Lauer, Chief Marketing Officer of Portillo's, received a grant of 40,760 restricted stock units (RSUs) on April 15, 2026. The reported acquisition price is $0.00, indicating an award rather than a market purchase. This is an equity award (transaction code A) and not a sale or cash purchase.

Key Details

• Transaction date: 2026-04-15; Form 4 filed 2026-04-16 (appears timely).
• Award: 40,760 RSUs at $0.00 per share (total acquisition reported as $0).
• Vesting: One‑third of the RSUs vest on each of the first three anniversaries of the grant date, subject to continued service and the award agreement (footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• No immediate sale or exercise reported — these are time‑based restricted units, not exercised options or open‑market trades.
• Transaction type: A = Award/Grant.

Context

• RSU grants are common compensation for executives and typically vest over time; they do not require an outlay of cash by the insider. Because vesting is contingent on continued service, these awards primarily reflect compensation arrangements rather than an immediate market sentiment signal.
• For retail investors, purchases (personal cash buys) tend to be more informative about an insider's market view; awards are useful to track executive compensation and future potential dilution when they vest and convert to shares.