Garratt John W 4

What Happened

• John W. Garratt, a director of Papa Johns International, Inc. (PZZA), received an award of 4,494 restricted stock units (RSUs) on 2026-05-11. The award was granted at $0.00 per share (standard for RSU grants) — this is a compensation award, not a market purchase or sale.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (timely filing).
• Transaction type/code: A — Grant/Award (restricted stock units).
• Shares/units granted: 4,494 RSUs; grant price shown as $0.00.
• Shares owned after the transaction: Not specified in the filing excerpt.
• Vesting and conditions (per footnote): RSUs vest in full on the earlier of (i) the first anniversary of the grant or (ii) the Company's 2027 annual meeting, provided Garratt remains in continuous board service; may vest earlier on death or disability; if he leaves for other reasons, a prorated portion will vest.

Context

• RSU grants are a common form of director compensation and are different from open-market purchases (they don't represent an immediate cash investment by the insider). Vesting conditions mean these shares are earned over time or tied to continued service. This filing reports the grant only and does not by itself signal a buy or sell intent.