---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032317"
form_type: "8-K"
ticker: "PZZA"
cik: "0000901491"
company_name: "PAPA JOHNS INTERNATIONAL INC"
filed_at: "2024-07-19T23:59:59+00:00"
generated_at: "2026-05-31T19:27:03.723462+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-032317
- form_type: 8-K
- ticker: PZZA
- cik: 0000901491
- company_name: PAPA JOHNS INTERNATIONAL INC
- filed_at: 2024-07-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/901491/000162828024032317/0001628280-24-032317-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/901491/000162828024032317/pzza-20240717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032317
- JSON: https://secwatch.observer/filing/0001628280-24-032317.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032317.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.