Keith M. Correia, Chief Information Officer of Portillo's Inc., filed a statement of changes in beneficial ownership on November 2, 2026, reporting the disposition of 9,720 shares of Class A common stock on October 31, 2026, to satisfy tax withholding obligations tied to a vesting award.

Key Highlights

  • Reporting person: Keith M. Correia, Chief Information Officer of Portillo's Inc. (NASDAQ:PTLO)
  • Transaction date: October 31, 2026
  • Shares disposed: 9,720 shares of Class A common stock, transaction code F
  • Price per share: $4.87
  • Purpose: Shares were deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award, according to the filing
  • Remaining beneficial ownership: 77,334 shares of Class A common stock held directly following the transaction

Correia's October 31 Share Withholding at Portillo's Inc.

According to the filing, Keith M. Correia, who serves as Chief Information Officer at Portillo's Inc., the Chicago-area restaurant chain known for its Chicago-style hot dogs and Italian beef sandwiches, had 9,720 shares of Class A common stock withheld on October 31, 2026. The transaction code recorded is "F," which the SEC uses to denote shares surrendered to the issuer to cover tax obligations upon the vesting of an equity award. The price associated with the disposition is listed as $4.87 per share.

The filing notes that the shares disposed of represent amounts "deducted to satisfy tax withholding obligations on the vesting of a previously disclosed award." This type of transaction does not reflect an open-market sale. Following the withholding, Correia's direct beneficial ownership in Portillo's Class A common stock stood at 77,334 shares, as reported in the filing. No derivative securities were reported in Table II. The filing was signed by Kelly M. Kaiser as attorney-in-fact for Keith M. Correia on November 2, 2026.

What Was Disclosed

Portillo's Inc. Chief Information Officer Keith M. Correia reported the withholding of 9,720 shares of Class A common stock at $4.87 per share on October 31, 2026, to cover tax obligations from a vesting award, leaving him with 77,334 shares held directly.