leadership
confidence high
sentiment neutral
materiality 0.60
Portillo's discloses interim CEO comp ($1.2M RSU) and former CEO severance (18-month salary)
Portillo's Inc.
- Interim CEO Michael A. Miles, Jr. gets $60k annualized salary and $1.2M RSU vesting over one year; initial term three months.
- After initial term, Miles receives $400k RSU per month, vesting on one-year anniversary subject to continued service.
- Former CEO Michael Osanloo receives 18 months base salary continuation, prorated 2025 bonus, benefits, and outplacement up to $25k.
- Osanloo's 2018 stock options exercisable until 10th anniversary; severance subject to two-year non-compete and consulting through Dec 20, 2025.
item 5.02item 9.01