Portillo's Chief People Officer Jill Waite to depart November 1, 2026; severance and RSU acceleration agreed
Portillo's Inc.
Jill Waite, Chief People Officer, agreed on Oct 5, 2026 to depart effective Nov 1, 2026; departure treated as qualifying termination under the Senior Executive Severance Plan.
Severance includes cash equal to Annual Base Salary paid over the Severance Period, prorated 2026 bonus, COBRA reimbursement, and outplacement up to 12 months capped at $25,000.
19,795 RSUs scheduled to vest Apr 15, 2027 and 6,282 RSUs scheduled to vest May 2, 2027 will vest effective Nov 2, 2026, subject to a release; other equity awards forfeited.
Options from Aug 7, 2019 grant remain exercisable to 10th anniversary; separation agreement to include release, non-compete, non-solicit, non-disparagement, cooperation covenants.
On October 5, 2026, Portillo’s, Inc. (the “Company”) and Jill Waite, the Company’s Chief People Officer, agreed that Ms. Waite will depart from the Company effective November 1, 2026 (“Termination Date”).
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.92
Jill Waite departed as Chief People Officer at Portillo's Inc..
Action
depart
Role
Chief People Officer
Exact text from the filing
On October 5, 2026, Portillo’s, Inc. (the “Company”) and Jill Waite, the Company’s Chief People Officer, agreed that Ms. Waite will depart from the Company effective November 1, 2026 (“Termination Date”).
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