Garratt John W 4

What Happened

• John W. Garratt, a director of Papa Johns International, Inc. (PZZA), was awarded 103 shares as an acquisition (award) on Feb 20, 2026. The filing lists a per-share value of $31.59, for a total value of approximately $3,254.
• The award is recorded as acquisition of dividend equivalent rights tied to annual restricted stock unit (RSU) awards (see footnote F1). This is an award/grant transaction rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-20; filing date (Form 4): 2026-02-23.
• Transaction type/code: A (award/grant); price/value listed: $31.59 per share, total ~$3,254.
• Footnote: F1 — acquisition of dividend equivalent rights on annual RSU awards.
• Shares owned after the transaction are not specified in the information provided in this summary.
• No late-filing flag noted in the provided data.

Context

• These shares represent dividend-equivalent credits on annual RSUs (not an option exercise or open-market buy). Such awards are common as part of executive and director compensation and do not necessarily signal a buy or sell decision by the insider.