Papa Johns director granted 271 shares in award

Papa John’s International director Jocelyn C. Mangan reported a small equity-based compensation grant.

Rhea-AI Filing Summary

Papa John’s International director Jocelyn C. Mangan reported a small equity-based compensation grant. She acquired 271 shares of common stock on an award valued at $34.21 per share, recorded as a grant or other acquisition rather than an open-market purchase.

According to the filing, the grant reflects acquisition of dividend equivalent rights tied to annual restricted stock unit awards. After this award, Mangan directly holds a total of 20,730 Papa John’s common shares.

Insider Trade Summary

Grant/Award: 271 shares

Grant/Award 1 txn

Insider Mangan Jocelyn C

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	271	$34.21	$9K

Holdings After Transaction: Common Stock — 20,730 shares (Direct)

Footnotes (1)

1. F1. Acquisition of dividend equivalent rights on annual restricted stock unit awards.

Key Figures

Shares granted: 271 shares Grant value per share: $34.21 per share Shares held after transaction: 20,730 shares

3 metrics

Shares granted 271 shares Equity grant on common stock

Grant value per share $34.21 per share Reference value for awarded shares

Shares held after transaction 20,730 shares Direct ownership after award

Key Terms

dividend equivalent rights, restricted stock unit awards, grant, award, or other acquisition

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.

grant, award, or other acquisition financial

"Transaction code description: Grant, award, or other acquisition"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Papa Johns (PZZA) director Jocelyn Mangan report?

Director Jocelyn C. Mangan reported acquiring 271 shares of Papa John’s common stock. The filing shows this was a grant or similar award, not an open-market purchase, and is linked to her existing restricted stock unit awards.

Was the PZZA insider transaction by Jocelyn Mangan a stock purchase or an award?

The transaction was an award, classified as a grant or other acquisition. It reflects dividend equivalent rights on annual restricted stock unit awards, rather than an open-market purchase of Papa John’s International (PZZA) shares.

How many Papa Johns (PZZA) shares did Jocelyn Mangan acquire in this Form 4?

Jocelyn C. Mangan acquired 271 shares of Papa John’s common stock. These shares were granted at a reference value of $34.21 per share as part of equity compensation, rather than being bought on the open market.

What are dividend equivalent rights mentioned in the Papa Johns (PZZA) Form 4?

Dividend equivalent rights give holders additional value similar to dividends on underlying awards. In this case, they resulted in an additional 271 Papa John’s shares tied to Jocelyn Mangan’s annual restricted stock unit awards as disclosed in the Form 4.

How many Papa Johns (PZZA) shares does Jocelyn Mangan hold after this transaction?

After the reported award, Jocelyn C. Mangan directly holds 20,730 Papa John’s common shares. This total includes the newly granted 271 shares and reflects her direct ownership position following the Form 4 transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/01/2026 - 04:49 PM EDT Learn about SEC filing dates

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^*

Mangan Jocelyn C

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		A(1)		271	A	$34.21	20,730	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	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)