{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-24-000078","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2024-05-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.035630+00:00","generated_at":"2026-06-01T07:28:56.591613+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Portillo's COO Derrick Pratt to depart effective June 30, 2024","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-24-000078","json":"https://secwatch.observer/filing/0001871509-24-000078.json","markdown":"https://secwatch.observer/filing/0001871509-24-000078.md","text":"https://secwatch.observer/filing/0001871509-24-000078.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000078/0001871509-24-000078-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000078/ptlo-20240529.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T07:28:56.591613+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e14016524","claim":"Derrick Pratt departed as Chief Operating Officer at Portillo's Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000078/0001871509-24-000078-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"depart"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}