Portillo's (PTLO) CMO Denise Lauer: Shares Withheld for Taxes (6,545)

What Happened Denise Peggy Lauer, Chief Marketing Officer of Portillo's (PTLO), had 6,545 shares deducted (disposed) on 2026-09-22 to satisfy tax withholding related to a previously disclosed award. The withholding occurred at $3.75 per share for a total value of $24,544. This transaction is a routine tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date and price: 2026-09-22 at $3.75 per share.
• Shares withheld/disposed: 6,545; total value ≈ $24,544.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — shares were deducted to satisfy tax withholding on the vesting of a previously disclosed award.
• Filing timeliness: Report filed 2026-09-23 (next day), which appears to be timely.

Context

• Code F transactions represent payment of exercise price or tax liability; here it indicates shares withheld to cover taxes on vesting rather than a market sale. Such withholdings are routine administrative actions and do not necessarily indicate the insider's view on the company.