Pecoraro-Striepling Jennifer 4

What Happened
Jennifer Pecoraro-Striepling, Chief Development Officer of Portillo's, was granted 40,760 restricted stock units (RSUs) on April 15, 2026. The Form 4 shows an acquisition at $0.00 per share (award grant), representing a compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: April 15, 2026; Form 4 filed April 16, 2026 (timely filing).
• Transaction type/code: Award/Grant (A); price reported: $0.00.
• Shares granted: 40,760 RSUs.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs vest time‑based — one‑third vest on each of the first three anniversaries of the grant, subject to continued service and the award agreement (per footnote F1).
• No indication of 10b5-1 plan, tax withholding sale, or late filing in the disclosed information.

Context
RSU grants are a common form of executive compensation and do not involve an immediate cash outlay or open-market trading. These units convert to shares only as they vest per the schedule above, so they don't directly indicate immediate buying or selling activity.