Papa John’s (PZZA) CFO awarded 39,136 restricted shares in new stock grant

Rhea-AI Filing Summary

Thanawala Ravi reported acquisition or exercise transactions in this Form 4 filing.

Papa John's International reported that Ravi Thanawala, its CFO and President, North America, received a grant of 39,136 shares of common stock as a restricted stock award. These shares vest in three equal annual installments beginning one year from the grant date. Following this grant, Thanawala directly holds 91,697 shares of Papa John's common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Thanawala Ravi

(Last) (First) (Middle)

P. O. BOX 99900

(Street)

LOUISVILLE KY 40269

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PAPA JOHNS INTERNATIONAL INC [ PZZA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & President, North America

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2026		A(1)		39,136	A	$0.0000	91,697	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of shares of restricted stock vesting in three equal annual installments beginning one year from the grant date.

	Debra Tate Johnson, by Power of Attorney	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Papa Johns (PZZA) report for Ravi Thanawala?

Papa John’s reported that CFO and President, North America, Ravi Thanawala received a grant of 39,136 shares of restricted common stock. This award reflects equity-based compensation and does not involve a cash purchase in the open market.

How many Papa Johns (PZZA) shares does Ravi Thanawala hold after this Form 4?

After the reported grant, Ravi Thanawala directly holds 91,697 shares of Papa John’s common stock. This total includes the newly awarded restricted shares, which will vest over time according to the grant’s three-year schedule.

Was the Papa Johns (PZZA) insider transaction a stock purchase or an award?

The transaction was an equity award, not a market purchase. Ravi Thanawala received 39,136 shares of restricted stock at a reported price of $0.00 per share as part of his compensation package, subject to time-based vesting conditions.

What are the vesting terms of the restricted stock granted to the PZZA CFO?

The 39,136 restricted shares granted to the Papa John’s CFO vest in three equal annual installments. Vesting begins one year from the grant date, meaning the award is earned progressively over a three-year period if service conditions are met.

Does the Papa Johns (PZZA) Form 4 indicate any insider share sales?

The Form 4 does not report any share sales. It shows only a grant of 39,136 restricted shares to Ravi Thanawala, classified as an acquisition through a grant or award rather than a disposition or sale of existing holdings.