Papa John’s (NASDAQ: PZZA) director granted 4,494 restricted stock units

Rhea-AI Filing Summary

Mangan Jocelyn C reported acquisition or exercise transactions in this Form 4 filing.

Papa John’s International director Jocelyn C. Mangan received an equity award of 4,494 shares of common stock as a grant of restricted stock units. The units will fully vest on the earlier of the first anniversary of the grant date or the company’s 2027 annual meeting of stockholders, as long as she continues serving on the board. A prorated amount may vest if her service ends earlier for reasons other than death or disability. Following this award, she directly holds 20,459 shares of Papa John’s common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mangan Jocelyn C

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4,494	$0.00	--

Holdings After Transaction: Common Stock — 20,459 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSUs granted: 4,494 shares Price per share: $0.00 per share Shares after transaction: 20,459 shares +2 more

5 metrics

RSUs granted 4,494 shares Restricted stock unit award to director on Form 4

Price per share $0.00 per share Reported transaction price for RSU grant

Shares after transaction 20,459 shares Director’s direct Papa John’s holdings following grant

Vesting reference point 2027 annual meeting RSUs fully vest by the company’s 2027 annual meeting

Vesting anniversary First anniversary of grant Alternative full-vesting date if earlier than 2027 meeting

Key Terms

restricted stock units, continuous service, annual meeting of stockholders, prorated number

4 terms

restricted stock units financial

"Grant of restricted stock units which become fully vested upon the earlier of (i) the first anniversary..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

continuous service financial

"provided the reporting person remains in continuous service on the Board until such date"

annual meeting of stockholders financial

"the date of the Company's 2027 annual meeting of stockholders"

prorated number financial

"Should the reporting person terminate service for any other reason, a prorated number of the restricted stock units will vest."

Form 4 Insider Transactions: What Each Field Means →

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)
05/11/2026

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	05/11/2026		A(1)		4,494	A	$0.0000	20,459	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 restricted stock units which become fully vested upon the earlier of (i) the first anniversary of the date of the grant of the award; or (ii) the date of the Company's 2027 annual meeting of stockholders, provided the reporting person remains in continuous service on the Board until such date, but the award may vest earlier in the event of death or disability. Should the reporting person terminate service for any other reason, a prorated number of the restricted stock units will vest.

	Debra Tate Johnson, by Power of Attorney	05/12/2026
	** 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)

FAQ

What insider transaction did PZZA director Jocelyn Mangan report?

Director Jocelyn C. Mangan reported receiving a grant of 4,494 restricted stock units of Papa John’s common stock. The award is a form of equity compensation and increased her direct holdings to 20,459 shares after the transaction.

How many Papa John’s (PZZA) shares does Jocelyn Mangan hold after this grant?

After the grant, Jocelyn C. Mangan directly holds 20,459 shares of Papa John’s common stock. This total reflects the addition of 4,494 restricted stock units awarded to her as board compensation on the reported transaction date.

What are the vesting terms of Jocelyn Mangan’s new PZZA restricted stock units?

The 4,494 restricted stock units vest fully on the earlier of the first anniversary of the grant date or the company’s 2027 annual meeting, if she remains in continuous board service. They may vest earlier upon death or disability, with prorated vesting for other service terminations.

Was Jocelyn Mangan’s PZZA equity grant an open-market purchase?

No, the transaction was not an open-market purchase. It is coded as a grant or award, with a reported price per share of $0.00, indicating compensation rather than a market buy, and represents restricted stock units subject to vesting conditions.

Does the Form 4 for PZZA indicate any stock sales by Jocelyn Mangan?

No stock sales are indicated in this Form 4. The filing shows one acquisition transaction, a grant of 4,494 restricted stock units. The transaction summary reports no sales, gifts, tax withholdings, or derivative exercises in this filing.