---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-25-000139"
form_type: "8-K/A"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2025-10-06T23:59:59+00:00"
generated_at: "2026-05-17T04:37:57.455742+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Portillo's discloses interim CEO comp ($1.2M RSU) and former CEO severance (18-month salary)

## Summary
- 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.

## SEC filing metadata
- accession: 0001871509-25-000139
- form_type: 8-K/A
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2025-10-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000187150925000139/0001871509-25-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150925000139/ptlo-20250921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-25-000139
- JSON: https://secwatch.observer/filing/0001871509-25-000139.json
- Plain text: https://secwatch.observer/filing/0001871509-25-000139.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.