Medina Sonya E 4

What Happened

• Sonya E. Medina, a director of Papa Johns International, received 230 shares as an award (Transaction code A) on February 20, 2026. The reported per-share value was $31.59, for a total value of $7,266. The filing (accession 0001225208-26-002398) was submitted on Feb 23, 2026 and appears timely.

Key Details

• Transaction date and price: 2026-02-20; 230 shares @ $31.59 each.
• Total value: $7,266.
• Shares owned after transaction: not disclosed in the filing.
• Footnote F1: the award represents acquisition of dividend equivalent rights on annual restricted stock unit (RSU) awards — not an open-market purchase.
• Filing timeliness: Form 4 filed 2026-02-23; filing appears to meet the standard reporting window.

Context

• Dividend equivalent rights tied to RSUs are a form of compensation that can convert to shares or cash later and reflect routine director pay rather than an outright market purchase. The amount is modest ($~7.3k) and should be viewed as compensation, not necessarily a directional insider bet.