KOELLNER LAURETTE T 4

What Happened

• Laurette T. Koellner, a director of Papa John's International (PZZA), acquired equity awards on Feb 20, 2026. The filing shows two acquisitions (transaction code A): 230 shares at $31.59 each ($7,266) and 58.368 shares at $31.59 each ($1,844), totaling 288.368 shares valued at roughly $9,110. These were awards/dividend-related acquisitions, not open-market purchases.

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-23 (filed timely).
• Price reported: $31.59 per share for both entries.
• Shares acquired: 230 shares and 58.368 shares (total 288.368 shares).
• Total value: ~$9,110 (aggregate of both entries).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1: acquisition of dividend equivalent rights on annual restricted stock unit (RSU) awards.
  • F2: acquisition of dividends on shares held in a Nonqualified Deferred Compensation (NQDC) plan.
• Transaction code: A (award/grant/acquisition).

Context

• These entries represent issuance of equity-related compensation or dividend equivalents (routine corporate compensation/plan activity), rather than an insider buying shares in the market to signal conviction. Such awards are common for directors and reflect compensation or deferred dividend payments, not necessarily a change in insider sentiment.