Papa Johns (PZZA) director receives 103-share common stock award

Rhea-AI Filing Summary

Papa John's International director John W. Garratt reported an acquisition of 103 shares of common stock on February 20, 2026 through a grant classified as a dividend-equivalent right on annual restricted stock unit awards. After this award at $31.59 per share, he directly holds 7,247 shares.

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^*

Garratt John W

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		A(1)		103	A	$31.59	7,247	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. Acquisition of dividend equivalent rights on annual restricted stock unit awards.

	Debra Tate Johnson, by Power of Attorney	02/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did PZZA director John W. Garratt report?

John W. Garratt reported an acquisition of 103 shares of Papa John's common stock. The transaction was recorded as a grant or award tied to dividend-equivalent rights on his annual restricted stock unit awards, rather than an open-market purchase or sale.

On what date did the reported PZZA insider transaction occur?

The reported insider transaction for Papa John's director John W. Garratt occurred on February 20, 2026. This date reflects when the 103-share grant tied to dividend-equivalent rights on annual restricted stock unit awards was credited to his direct common stock holdings.

How many Papa John's (PZZA) shares did John W. Garratt acquire?

John W. Garratt acquired 103 shares of Papa John's common stock. These shares came from a grant categorized as dividend-equivalent rights on his annual restricted stock unit awards, increasing his directly owned position as reported in the Form 4 filing details.

What was the price per share in John W. Garratt's PZZA stock award?

The reported price per share for John W. Garratt's Papa John's stock award was $31.59. This figure reflects the value used in the Form 4 for the 103-share acquisition classified as a grant related to dividend-equivalent rights on restricted stock unit awards.

How many Papa John's (PZZA) shares does John W. Garratt own after this transaction?

After this transaction, John W. Garratt directly owns 7,247 shares of Papa John's common stock. This total reflects his holdings following the 103-share acquisition that was reported as a grant connected to dividend-equivalent rights on annual restricted stock unit awards.

Was John W. Garratt's PZZA transaction a market buy or a stock award?

The transaction was a stock award, not a market buy. It is described as a grant or other acquisition of dividend-equivalent rights on annual restricted stock unit awards, resulting in 103 additional common shares reported as directly owned by director John W. Garratt.