{"schema_version":"secwatch.filing_event.v1","accession":"0001871509-25-000141","form_type":"8-K","ticker":"PTLO","cik":"0001871509","company_name":"Portillo's Inc.","filed_at":"2025-10-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.932633+00:00","generated_at":"2026-05-17T01:43:33.549523+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Portillo's Chief Development Officer Michael Ellis to depart Oct 31, 2025","bullets":["Mike Ellis departs as Chief Development Officer effective October 31, 2025; qualifies for Senior Executive Severance Plan.","Severance includes cash equal to annual base salary paid over severance period, prorated 2025 bonus, COBRA reimbursement, and outplacement up to $25,000.","Upon release, 6,208 RSUs (Apr 2026 vest) and 6,281 RSUs (May 2026 vest) will accelerate to October 31, 2025; all other equity forfeited.","Company expects to enter Separation Agreement with customary non-compete, non-solicit, and release provisions."],"urls":{"canonical":"https://secwatch.observer/filing/0001871509-25-000141","json":"https://secwatch.observer/filing/0001871509-25-000141.json","markdown":"https://secwatch.observer/filing/0001871509-25-000141.md","text":"https://secwatch.observer/filing/0001871509-25-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000141/0001871509-25-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871509/000187150925000141/ptlo-20251029.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:43:33.549523+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}