Portillo's Executive Compensation (FY25)
PTLO · Executive and director compensation, fiscal 2023 to 2025
The paid brief on Portillo's
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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Data as of September 9, 2026Latest filing (8-K): June 12, 2026
4 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
$1,500Get the executive brief
190 figures on this page: 187 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
More on Portillo's
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive of record: Michael Osanloo → Michael Miles Jr.
Say-on-pay support: 95.1% → 91.3% (3.8 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is Portillo's' chief executive and what were they paid?
Total compensation for Michael Miles Jr., Interim President and Chief Executive Officer, came to $1,467,689 in fiscal 2025.
What was Portillo's' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 91.3% of votes cast including abstentions in favor at the meeting held June 9, 2026.
Which companies are in Portillo's' peer group?
The disclosed peer group includes BJ's Restaurants, Inc., Cava Group, Inc., Dave & Buster's Entertainment, Inc., Denny's Corporation and Dine Brands Global, Inc., among others.
What is Portillo's' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 74:1.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Osanloo Former President and Chief Executive Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Michelle Hook Chief Financial Officer and Treasurer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Jill Waite Chief People Officer | ◇ | — | — | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Osanloo Former President and Chief Executive Officer | ◇ | — | ◇ | ◇ | ◇ | — | ◇ | ◇ |
Michelle Hook Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Jill Waite Chief People Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kelly Kaiser General Counsel and Secretary | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Michael Osanloo Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | ◇ | — | — | ◇ | ◇ |
Michelle Hook Chief Financial Officer and Treasurer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Michael Miles Jr. Interim President and Chief Executive Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Tony Darden Chief Operating Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Jill Waite Chief People Officer | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Kelly Kaiser General Counsel and Secretary | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Jill Waite | RSU | ◇ | — | — | ◇ | — | — | — |
| Jill Waite | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Jill Waite | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Kelly Kaiser | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Kelly Kaiser | RSU | ◇ | — | — | ◇ | — | — | — |
| Kelly Kaiser | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Michael A. Miles Jr. | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael A. Miles Jr. | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Michael Osanloo | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Michael Osanloo | OPTION | ◇ | — | — | ◇ | — | ◇ | — |
| Michelle Hook | RSU | ◇ | — | — | ◇ | — | — | — |
| Michelle Hook | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Michelle Hook | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Tony Darden | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Tony Darden | PSU | ◇ | — | ◇ | — | ◇ | — | ◇ |
| Tony Darden | RSU | ◇ | — | — | ◇ | — | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Kelly Kaiser | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Tony Darden | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Jill Waite | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michelle Hook | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Michael Miles | RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Ann Bordelon | ◇ | ◇ | — | — | — | — | ◇ |
Gerard J. Hart | ◇ | ◇ | — | — | — | — | ◇ |
Joshua A. Lutzker | — | ◇ | — | — | — | — | ◇ |
Jack Hartung | — | ◇ | — | — | — | — | ◇ |
Paulette Dodson | ◇ | ◇ | — | — | — | — | ◇ |
Noah Glass | ◇ | ◇ | — | — | — | — | ◇ |
Eugene I. Lee Jr Board chair | — | ◇ | — | — | — | — | ◇ |
Brett Patterson and Michael A. Miles Jr served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Lead independent director premium | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Nominating and governance chair | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- BJ's Restaurants, Inc. BJRI
- Cava Group, Inc. CAVA
- Dave & Buster's Entertainment, Inc. PLAY
- Denny's Corporation symbol not shown
- Dine Brands Global, Inc. DIN
- Dutch Bros Inc. BROS
- El Pollo Loco Holdings, Inc. LOCO
- First Watch Restaurant Group, Inc. FWRG
- Kura Sushi USA Inc. KRUS
- Papa John's International, Inc. PZZA
- Shake Shack Inc. SHAK
- Sweetgreen, Inc. SG
- The Wendy's Company WEN
- Wingstop Inc. WING
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | June 9, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | June 10, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | June 3, 2024 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
What this page does not include
Everything above is a fact Portillo's disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Portillo's sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
190 figures on this page: 187 cited to the filing that reported them, 3 calculated from figures it prints.
187 cited to the filing
3 calculated from the filing
Documents cited
- 0001871509-26-000041Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001871509-26-000024CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
- 0001871509-25-000108Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001871509-24-000091
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Portillo's executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/PTLO (accessed 2026).
Short form: data: Velarion
The paid brief for Portillo's
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$1,500 for the Executive Compensation Report. Both reports for $2,400.
4 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Portillo's discloses
The companies named in PTLO's own disclosed peer group.
Terms on this page
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Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}