Papa John's (PZZA) CEO Todd Penegor Sells 8,498 Shares to Cover Taxes

What Happened
Todd Allan Penegor, President & CEO and a director of Papa John's International (PZZA), disposed of 8,498 shares on July 31, 2026. The transaction is reported under code F (payment of exercise price or tax liability) at $29.90 per share, for a total value of about $254,090. This appears to be a tax-withholding / sell-to-cover type disposition rather than an open-market sale for investment purposes.

Key Details

• Transaction date: 2026-07-31; Filing date: 2026-08-03 (filed within the Form 4 deadline).
• Price: $29.90 per share; Shares disposed: 8,498; Gross value ≈ $254,090.
• Transaction code: F — payment of exercise price or tax liability (commonly a withholding or surrender of shares to cover taxes).
• Shares owned after the transaction: not specified in the filing.
• No 10b5-1 plan or other plan was disclosed in this report.

Context
Code F transactions typically reflect tax-withholding or net-share settlement after option exercises or restricted stock vesting. These are routine administrative transactions and do not necessarily signal the insider’s view on the company’s prospects. For retail investors, purchases are generally more informative than these kinds of withholding dispositions.