Portillo’s COO Derrick Pratt Plans Departure with Exit Package
Company Announcements

Portillo’s COO Derrick Pratt Plans Departure with Exit Package

An update from Portillo’s (PTLO) is now available.

Derrick Pratt is stepping down as Chief Operating Officer of Portillo’s Inc. by the end of June 2024, with an exit package as per the company’s Senior Executive Severance Plan. This package includes his annual salary paid over time, a prorated annual bonus, COBRA health coverage costs, and up to $25,000 for outplacement services. Additionally, Pratt’s pre-IPO stock options and Restricted Stock Units will vest on his departure date, while other equity grants will be forfeited.

See more insights into PTLO stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyApplied Materials, H&R Block report quarterly beats: Morning Buzz
TheFlyClosing Bell Movers: H&R Block jumps 10% after earnings beat
TheFlyPortillo’s jumps 3% to $12.19 after CNBC report of activist stake
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!