Thanawala Ravi 4

What Happened
Ravi Thanawala, CFO and President, North America of Papa Johns International (PZZA), was granted 39,136 shares of restricted stock on 2026-03-02. The shares were reported as acquired at $0.00 (award/grant), meaning no cash was paid by the insider. This is a compensation award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-02; reported on Form 4 filed 2026-03-03 (timely filing).
• Transaction type/code: Award/Grant (A). Price reported: $0.00 per share (no cash consideration).
• Shares granted: 39,136 restricted shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The restricted shares vest in three equal annual installments beginning one year from the grant date.
• No 10b5-1 plan, tax-withholding detail, or sale noted in the provided information.

Context
Restricted stock grants are a common form of executive compensation and typically vest over time, aligning the executive’s interests with long-term shareholder value. Because these shares were awarded (not purchased), the transaction is compensation-related and does not by itself indicate a buy or sell decision in the open market.