Gibbs Stephen L 4

What Happened
Stephen L. Gibbs, a member of the Board of Directors of Papa Johns International, Inc. (PZZA), received a grant of 4,494 restricted stock units (RSUs) on 2026-05-11. The reported grant price is $0.00 (standard for equity awards); the grant value is not a cash purchase or sale but an equity compensation award (transaction code A). The Form 4 was filed on 2026-05-13.

Key Details

• Transaction date: 2026-05-11; Transaction type: Award (A) — 4,494 RSUs at $0.00 per share.
• Filing date: 2026-05-13 (filed within the Form 4 two-business-day requirement).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: RSUs vest upon the earlier of (i) the first anniversary of the grant or (ii) the Company’s 2027 annual meeting, provided continuous board service; may vest earlier on death or disability; prorated vesting if the director leaves for other reasons.

Context
RSUs are a form of compensation for directors and executives, not an open-market purchase or sale. They typically convert to common shares when they vest and can have dilution and accounting implications over time. This grant appears to be routine board compensation with time- and service-based vesting conditions.