Papa Johns (NASDAQ: PZZA) director receives 274-share stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Papa John’s International director Sonya E. Medina received a compensation-related stock grant. On this Form 4, she acquired 274 shares of Common Stock on May 29, 2026 at a reported price of $34.21 per share, characterized as a grant, award, or other acquisition rather than a market purchase. A footnote explains this reflects acquisition of dividend equivalent rights on annual restricted stock unit awards. Following this grant, she directly holds 24,174 shares of Papa John’s Common Stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Medina Sonya E

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	274	$34.21	$9K

Holdings After Transaction: Common Stock — 24,174 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 274 shares Grant price: $34.21 per share Post-transaction holdings: 24,174 shares

3 metrics

Shares granted 274 shares Compensation-related grant on May 29, 2026

Grant price $34.21 per share Reported price for the 274-share acquisition

Post-transaction holdings 24,174 shares Total Common Stock directly held after the grant

Key Terms

dividend equivalent rights, restricted stock unit awards, Common Stock

3 terms

dividend equivalent rights financial

"Acquisition of dividend equivalent rights on annual restricted stock unit awards."

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

restricted stock unit awards financial

"Acquisition of dividend equivalent rights on annual restricted stock unit awards."

Restricted stock unit awards are company promises to deliver a specific number of shares to employees or service providers in the future once conditions—such as staying with the company for a set time or meeting performance targets—are met. They matter to investors because when the promises convert into actual shares they increase the total share count and can reduce earnings per share, while also aligning recipients’ interests with stock performance much like deferred pay that turns into ownership if goals are met.

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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Form 4 Insider Transactions: What Each Field Means →

06/01/2026 - 04:49 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Medina Sonya E

(Last)

(First)

(Middle)

P. O. BOX 99900

(Street)

LOUISVILLE

KENTUCKY

40269

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/29/2026		A⁽¹⁾		274	A	$34.21	24,174	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Acquisition of dividend equivalent rights on annual restricted stock unit awards.

	Debra Tate Johnson, by Power of Attorney	06/01/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Papa Johns (PZZA) director Sonya Medina report on this Form 4?

Director Sonya E. Medina reported receiving 274 shares of Papa John’s Common Stock as a grant on May 29, 2026. The filing classifies this as a compensation-related acquisition, not an open-market stock purchase or sale.

How many Papa Johns (PZZA) shares did Sonya Medina acquire and at what price?

Sonya Medina acquired 274 shares of Papa John’s Common Stock at a reported price of $34.21 per share. The transaction is coded as a grant or award, indicating it was part of her compensation rather than a market trade.

How many Papa Johns (PZZA) shares does Sonya Medina hold after this transaction?

After the reported grant, Sonya Medina directly holds 24,174 shares of Papa John’s Common Stock. This total includes the 274 shares acquired in the May 29, 2026 compensation-related transaction disclosed in the Form 4.

Was Sonya Medina’s Papa Johns (PZZA) transaction a market buy or a grant?

The transaction is a grant or award, not a market buy. It is coded as an acquisition under transaction code A, described as a grant, award, or other acquisition, and tied to dividend equivalent rights on restricted stock unit awards.

What does the dividend equivalent rights footnote mean for this Papa Johns (PZZA) Form 4?

The footnote states the acquisition relates to dividend equivalent rights on annual restricted stock unit awards. This means the 274 shares stem from compensation-related dividend equivalents linked to RSUs, rather than from buying shares on the open market.