Portillo's COO Derrick Pratt to depart effective June 30, 2024

Portillo's Inc.

Derrick Pratt will leave his role as Chief Operating Officer, effective June 30, 2024.
Severance includes annual base salary, prorated 2024 bonus, COBRA reimbursement, and up to $25k outplacement.
Unvested equity – 24,334 pre-IPO options and 20,834 RSUs – accelerate to vest on June 30, 2024.
No successor has been announced; Pratt's departure treated as a qualifying termination under the SESP.

item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Derrick Pratt

Chief Operating Officer

PTLO · Portillo's Inc.

Effective: 2024-06-30
Filed: May 30, 2024, 7:59 PM ET

On May 29, 2024, Portillo’s Inc. (the “Company”) announced that Derrick Pratt will depart from his role as the Company’s Chief Operating Officer, effective June 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Derrick Pratt departed as Chief Operating Officer at Portillo's Inc..

Action: depart
Role: Chief Operating Officer

Exact text from the filing

On May 29, 2024, Portillo’s Inc. (the “Company”) announced that Derrick Pratt will depart from his role as the Company’s Chief Operating Officer, effective June 30, 2024.

View on SEC.gov

Portillo's Inc. filing history →

Source: SEC EDGAR

accession 0001871509-24-000078

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.