Jill Francine Waite, Chief People Officer of Portillo's Inc., filed a Form 4 on November 2, 2026, reporting the disposition of 11,509 shares of Class A common stock on October 31, 2026, to satisfy tax withholding obligations tied to a vesting award.

Key Highlights

  • Reporting person: Jill Francine Waite, Chief People Officer of Portillo's Inc. (NASDAQ:PTLO)
  • Transaction date: October 31, 2026
  • Shares disposed: 11,509 shares of Class A common stock, coded "F" (tax withholding on vesting)
  • Price per share: $4.87
  • Remaining direct ownership: 121,782 shares of Class A common stock following the transaction
  • Purpose: Shares were "deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award," according to the filing

Portillo's Chief People Officer Reports Share Withholding on Award Vesting

According to the Form 4 filed with the SEC on November 2, 2026, Jill Francine Waite, who serves as Chief People Officer of Portillo's Inc., disposed of 11,509 shares of the company's Class A common stock on October 31, 2026. The filing identified the transaction code as "F," which corresponds to shares withheld by the issuer to cover tax obligations upon the vesting of an equity award.

The filing disclosed that the 11,509 shares were disposed of at a price of $4.87 per share. Following this transaction, Waite directly holds 121,782 shares of Portillo's Class A common stock, according to the filing. No derivative securities were reported in Table II of the filing.

The Form 4 was signed by Kelly M. Kaiser as attorney-in-fact for Jill Waite and submitted on November 2, 2026. The filing was made by one reporting person and does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) trading plan. Portillo's Inc. is listed on NASDAQ under the ticker symbol PTLO, and its address of record for Waite is 2001 Spring Road, Suite 400, Oak Brook, Illinois 60523.

What Was Disclosed

Portillo's Chief People Officer Jill Waite reported the withholding of 11,509 Class A common shares at $4.87 per share on October 31, 2026, to satisfy tax obligations on a vesting award, leaving her with a direct beneficial ownership of 121,782 shares.