Director at Papa Johns (NASDAQ: PZZA) receives 271-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mangan Jocelyn C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 271 | $34.21 | $9K |
Holdings After Transaction:
Common Stock — 20,730 shares (Direct, null)
Footnotes (1)
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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
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.
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.