---
schema_version: "secwatch.filing_event.v1"
accession: "0001871509-26-000061"
form_type: "8-K"
ticker: "PTLO"
cik: "0001871509"
company_name: "Portillo's Inc."
filed_at: "2026-10-06T12:00:57+00:00"
generated_at: "2026-10-12T16:34:23.691987+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Portillo's Chief People Officer Jill Waite to depart November 1, 2026; severance and RSU acceleration agreed

## Summary
- 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.

## SEC filing metadata
- accession: 0001871509-26-000061
- form_type: 8-K
- ticker: PTLO
- cik: 0001871509
- company_name: Portillo's Inc.
- filed_at: 2026-10-06T12:00:57+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000061/0001871509-26-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000061/ptlo-20261005.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001871509-26-000061
- JSON: https://secwatch.observer/filing/0001871509-26-000061.json
- Plain text: https://secwatch.observer/filing/0001871509-26-000061.txt

## Key facts
- Executive change
  Jill Waite departed as Chief People Officer at Portillo's Inc..
  - Action: depart
  - Role: Chief People Officer
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1871509/000187150926000061/0001871509-26-000061-index.htm

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