Papa John's awards retention RSUs to CFO Thanawala and CLO Oyler tied to stock price targets $65-$85

PAPA JOHNS INTERNATIONAL INC

CFO/Interim CEO Ravi Thanawala receives 39,607 performance-based RSUs valued at $1.875M; CLO Caroline Oyler receives 27,725 RSUs valued at $1.3125M.
RSUs vest based on three stock price hurdles over a 3-year performance period: $65 (30% earned), $75 (additional 30%), $85 (additional 40%).
Awards require continued service through 4th anniversary of grant (July 17, 2024) to vest; double-trigger acceleration applies in Corporate Transaction.
If termination without Cause within first 18 months with no hurdles met, 20% of RSUs vest immediately.

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