Tony J. Darden, Chief Operating Officer of Portillo's Inc., filed a Form 4 on November 2, 2026, reporting the disposition of 10,581 shares of Class A common stock on October 31, 2026, to satisfy tax withholding obligations on a vesting award.

Key Highlights

  • Reporting person: Tony J. Darden, Chief Operating Officer of Portillo's Inc. (NASDAQ:PTLO)
  • Transaction date: October 31, 2026
  • Transaction code: F - 10,581 shares of Class A common stock disposed of at $4.87 per share
  • Purpose: Shares were deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award
  • Remaining ownership: 147,920 shares of Class A common stock held directly following the transaction
  • Filing signed: by Kelly M. Kaiser, as attorney-in-fact for Tony J. Darden, on November 2, 2026

Portillo's COO Reports Share Withholding on Award Vesting

According to the Form 4 filed with the SEC on November 2, 2026, Portillo's Inc. Chief Operating Officer Tony J. Darden disposed of 10,581 shares of Class A common stock on October 31, 2026, at a price of $4.87 per share. The filing states that these shares represent amounts "deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award." The transaction was coded "F," consistent with shares withheld for tax purposes upon vesting, and was not made pursuant to a Rule 10b5-1 trading plan.

Following the reported disposition, the filing discloses that Darden beneficially owned 147,920 shares of Class A common stock directly. No derivative securities transactions were reported in Table II of the filing. The Form 4 was filed by one reporting person and was signed by Kelly M. Kaiser acting as attorney-in-fact for Darden.

What Was Disclosed

The filing reports a single transaction: 10,581 shares of Portillo's Inc. Class A common stock were withheld from COO Tony J. Darden on October 31, 2026, at $4.87 per share, to cover tax obligations on a vesting award, leaving him with 147,920 directly held shares.