{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-24-000094","form_type":"8-K/A","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2024-07-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.038534+00:00","generated_at":"2026-05-31T18:11:44.314503+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Portillo's COO Derrick Pratt to depart June 30; separation agreement includes 6-month salary, accelerated vesting","bullets":["Departure effective June 30, 2024; separation agreement signed July 17, 2024 with general release and protective covenants.","Cash severance: 6 months' base salary paid over 6 months in normal payroll installments.","Accelerated vesting of 24,334 pre-IPO stock options and 20,834 RSUs scheduled to vest in 2024.","Prorated 2024 annual bonus, COBRA reimbursement subsidy, and up to $25,000 in outplacement services.","Other equity grants forfeited; pre-IPO options exercisable until 10th anniversary of grant."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-24-000094","json":"https://secwatch.observer/filing/0001871509-24-000094.json","markdown":"https://secwatch.observer/filing/0001871509-24-000094.md","text":"https://secwatch.observer/filing/0001871509-24-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000094/0001871509-24-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150924000094/ptlo-20240529.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T18:11:44.314503+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":"6df34643b7","claim":"Derrick Pratt departed as Chief Operating Officer at Portillo's Inc..","evidence_excerpt":"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/1871509/000187150924000094/0001871509-24-000094-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"}