Sonya E. Medina - May 10, 2021 Form 4 Insider Report for PAPA JOHNS INTERNATIONAL INC (PZZA)

Role: Director
Signature: Debra Tate Johnson, by Power of Attorney
Stock symbol: PZZA
Transactions as of: May 10, 2021
Transactions value $: $1,106
Form type: 4
Date filed: 5/25/2021, 05:32 PM
Next filing: Aug 31, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PZZA	Common Stock	Award	$0	+1.31K	+17.3%	$0.00	8.89K	May 10, 2021	Direct	F1
transaction	PZZA	Common Stock	Award	$1.11K	+12	+0.14%	$92.19	8.9K	May 21, 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Grant of restricted stock units which become fully vested upon the earlier of (i) the first anniversary of the date of the grant of the award; or (ii) the date of the Company's 2022 annual meeting of stockholders, provided the reporting person remains in continuous service on the Board until such date, but the award may vest earlier in the event of death or disability. Should the reporting person terminate service for any other reason, a prorated number of the restricted stock units will vest.
F2	Acquisition of dividend equivalent rights on restricted stock units awarded May 9, 2019, May 8, 2020 and May 10, 2021.

Content

Grant of restricted stock units which become fully vested upon the earlier of (i) the first anniversary of the date of the grant of the award; or (ii) the date of the Company's 2022 annual meeting of stockholders, provided the reporting person remains in continuous service on the Board until such date, but the award may vest earlier in the event of death or disability. Should the reporting person terminate service for any other reason, a prorated number of the restricted stock units will vest.

Acquisition of dividend equivalent rights on restricted stock units awarded May 9, 2019, May 8, 2020 and May 10, 2021.