Director at Papa Johns (NASDAQ: PZZA) receives 156 share award

Rhea-AI Filing Summary

Papa Johns International director Stephen L. Gibbs received a small stock-based award. On the reported date, he acquired 156 shares of common stock as a grant tied to dividend equivalent rights on annual restricted stock unit awards, at a value of $34.21 per share. Following this compensation-related acquisition, he directly holds 11,897 shares of Papa Johns common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gibbs Stephen L

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	156	$34.21	$5K

Holdings After Transaction: Common Stock — 11,897 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares awarded: 156 shares Award value per share: $34.21 per share Shares held after transaction: 11,897 shares

3 metrics

Shares awarded 156 shares Common stock grant reported as acquisition on Form 4

Award value per share $34.21 per share Recorded value for the 156-share stock award

Shares held after transaction 11,897 shares Direct holdings of Stephen L. Gibbs following the award

Key Terms

dividend equivalent rights, restricted stock unit, 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 financial

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

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Grant, award, or other acquisition financial

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

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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^*

Gibbs Stephen L

(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)		156	A	$34.21	11,897	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)

FAQ

What insider transaction did Stephen L. Gibbs report at PZZA?

Stephen L. Gibbs reported receiving 156 shares of Papa Johns common stock as a stock-based award. The filing describes this as an acquisition related to dividend equivalent rights on annual restricted stock unit awards, rather than an open-market purchase or sale.

How many Papa Johns (PZZA) shares did Stephen L. Gibbs acquire?

Stephen L. Gibbs acquired 156 shares of Papa Johns common stock in this transaction. The shares reflect a grant connected to dividend equivalent rights on his annual restricted stock unit awards, increasing his directly held position reported in the filing.

At what value per share was the PZZA stock award to Stephen L. Gibbs recorded?

The 156-share award to Stephen L. Gibbs was recorded at $34.21 per share. This value is used in the Form 4 to report the grant of common stock tied to dividend equivalent rights on his restricted stock unit awards.

How many Papa Johns (PZZA) shares does Stephen L. Gibbs hold after the transaction?

After the reported grant, Stephen L. Gibbs directly holds 11,897 shares of Papa Johns common stock. This total reflects his position following the 156-share acquisition tied to dividend equivalent rights on restricted stock unit awards.

Was Stephen L. Gibbs’ PZZA transaction an open-market buy or a compensation grant?

The transaction was a compensation-related grant, not an open-market buy. The Form 4 describes it as a “grant, award, or other acquisition,” specifically acquisition of dividend equivalent rights on annual restricted stock unit awards in Papa Johns stock.