<SEC-DOCUMENT>0001871509-25-000113.txt : 20250620
<SEC-HEADER>0001871509-25-000113.hdr.sgml : 20250620
<ACCEPTANCE-DATETIME>20250620143913
ACCESSION NUMBER:		0001871509-25-000113
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20250616
FILED AS OF DATE:		20250620
DATE AS OF CHANGE:		20250620

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LEE EUGENE I JR
		CENTRAL INDEX KEY:			0001242843
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40951
		FILM NUMBER:		251060930

	MAIL ADDRESS:	
		STREET 1:		1000 DARDEN CENTER DRIVE
		CITY:			ORLANDO
		STATE:			FL
		ZIP:			32837

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Portillo's Inc.
		CENTRAL INDEX KEY:			0001871509
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		ORGANIZATION NAME:           	07 Trade & Services
		EIN:				871104304
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1228

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE PORTILLO RESTAURANT GROUP
		STREET 2:		2001 SPRING ROAD, SUITE 400
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523-1903
		BUSINESS PHONE:		(630) 954-3773

	MAIL ADDRESS:	
		STREET 1:		C/O THE PORTILLO RESTAURANT GROUP
		STREET 2:		2001 SPRING ROAD, SUITE 400
		CITY:			OAK BROOK
		STATE:			IL
		ZIP:			60523-1903
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>wk-form3_1750444747.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2025-06-16</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001871509</issuerCik>
        <issuerName>Portillo's Inc.</issuerName>
        <issuerTradingSymbol>PTLO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001242843</rptOwnerCik>
            <rptOwnerName>LEE EUGENE I JR</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PORTILLO'S INC.</rptOwnerStreet1>
            <rptOwnerStreet2>2001 SPRING ROAD, SUITE 400</rptOwnerStreet2>
            <rptOwnerCity>OAK BROOK</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60523</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A common stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>9706</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Represents restricted stock units subject to time-based vesting granted on June 16, 2025, which will vest in full on December 31, 2025, subject to the Reporting Person's continued service with the Issuer through such vesting date and the terms of the applicable award agreement.</footnote>
    </footnotes>

    <remarks>Exhibit 24 - Power of Attorney (incorporated herein by reference).</remarks>

    <ownerSignature>
        <signatureName>/s/ Kelly M. Kaiser, as attorney-in-fact for Eugene I. Lee, Jr.</signatureName>
        <signatureDate>2025-06-20</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>exhibit24poael6202025.htm
<DESCRIPTION>EX-24
<TEXT>
<html><head>
<!-- Document created using Wdesk -->
<!-- Copyright 2025 Workiva -->
<title>Document</title></head><body><div id="idba6a829bbb842ff81195c7c39b2ce71_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">Exhibit 24</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:112%">POWER OF ATTORNEY</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Know all by these presents, that the undersigned hereby constitutes and appoints each of Michelle Hook and Kelly M. Kaiser, or either of them signing singly, and with full power of substitution, the undersigned's true and lawful attorney-in-fact to&#58;</font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(1)   </font><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the U.S. Securities and Exchange Commission (the &#34;SEC&#34;) a Form ID and any documentation required to enroll in and comply with any EDGARNext program, including amendments thereto, and any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange Act of 1934 or any rule or regulation of the SEC&#59;</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(2)   execute for and on behalf of the undersigned, in the undersigned</font><font style="color:#494949;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">'</font><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">s capacity as an officer of Portillo's, Inc</font><font style="color:#494949;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">., </font><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">a Delaware corporation (the </font><font style="color:#313131;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#34;Company&#34;), </font><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder&#59;</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(3)   do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4, or 5, complete and execute any amendment or amendments thereto, and file any such Form or amendment with the SEC and any stock exchange or similar authority, including filing this Power of Attorney with the SEC&#59; and</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(4)   take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, </font><font style="color:#313131;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">with </font><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934</font><font style="color:#494949;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">.</font></div><div><font><br></font></div><div><font style="color:#1c1c1c;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact. </font></div><div><font><br></font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 16th day of June, 2025.</font></div><div><font><br></font></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%"> </font><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:66.185%"><tr><td style="width:1.0%"></td><td style="width:21.418%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:76.382%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top">&#47;s&#47; Eugene I. Lee, Jr.</td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Signature</font></td></tr><tr style="height:15pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Eugene I. Lee, Jr.</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:top"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Print Name</font></td></tr></table></div><div style="height:72pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
