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Gaming & Lodging

Papa Johns International Executive Compensation (FY25)

PZZA · Louisville, KY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Todd Penegor
Latest say-on-pay support
=
April 30, 2026
Chief executive pay ratio
◇
To the median employee
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The paid brief on Papa Johns International

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
14 filings cited on this page
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Published by Velarion Company Intelligence
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298 figures on this page: 289 cited to the filing that reported them, 9 calculated from figures it prints. See the citations

More on Papa Johns International

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Todd Penegor: $4,816,730 → $8,442,953 (75.3% higher)
Say-on-pay support: 93.3% → 85.1% (8.2 points lower)
CEO pay ratio: 820:1 → 849:1 (3.5% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Papa Johns International's chief executive and what were they paid?
Todd Penegor, President and Chief Executive Officer, received $8,442,953 in total compensation for fiscal 2025. Penegor's total moved 75.3% higher from the $4,816,730 reported for fiscal 2024.
What was Papa Johns International's say-on-pay result?
Shareholders supported the say-on-pay proposal with 85.1% of votes cast including abstentions in favor at the meeting held April 30, 2026 for fiscal 2025.
Which companies are in Papa Johns International's peer group?
The disclosed peer group includes Bloomin' Brands, Brinker International, Inc., Chipotle Mexican Grill, Inc., Denny's Corp. and Dine Brands Global, Inc., among others.
What is Papa Johns International's chief executive pay ratio?
The company reported a chief executive pay ratio of 849:1 for fiscal 2025, against median employee compensation of $9,947.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rob Lynch
Former President and Chief Executive Officer
◇—◇———◇◇
Ann Gugino
Former Chief Financial Officer
◇—◇————◇
Max Wetzel
Former Chief Commercial and Marketing Officer
◇—◇————◇
Amanda Clark
Chief Operating Officer, International
◇—◇————◇
Caroline Oyler
Chief Legal and Risk Officer
◇—◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Rob Lynch
Former President and Chief Executive Officer
Departed during or after this year
◇—◇—◇—◇◇
Ravi Thanawala
Chief Financial Officer
◇◇◇—◇—◇◇
Max Wetzel
Former Chief Commercial and Marketing Officer
Departed during or after this year
◇—◇———◇◇
Ann Gugino
Former Interim Chief Financial Officer
Departed during or after this year
Served on an interim basis
◇—◇—◇—◇◇
Amanda Clark
Chief Operating Officer, International
◇—◇—◇——◇
Caroline Oyler
Chief Legal and Risk Officer
◇—◇—◇—◇◇
Christopher Collins
Former Interim Principal Financial and Accounting Officer
Departed during or after this year
Served on an interim basis
◇◇◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert Lynch
Former President and Chief Executive Officer
Departed during or after this year
◇—◇————◇
Todd Penegor
President and Chief Executive Officer
◇—◇—◇—◇◇
Ravi Thanawala
Chief Financial Officer & EVP International and Former Interim President & CEO
Served on an interim basis
◇◇◇—◇—◇◇
Caroline Miller Oyler
Chief Legal and Risk Officer, Corporate Secretary
◇—◇—◇—◇◇
Joseph Sieve
Chief Restaurant & Global Development Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Todd Penegor
President and Chief Executive Officer
◇◇◇—◇—◇◇
Ravi Thanawala
Chief Financial Officer & President, North America
◇—◇—◇—◇◇
Kevin Vasconi
Chief Digital & Technology Officer
◇—◇—◇—◇◇
Caroline Miller Oyler
Chief Administrative Officer, Corporate Secretary
◇—◇—◇—◇◇
Joseph Sieve
Former Chief Restaurant & Global Development Officer
Departed during or after this year
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Caroline Miller OylerRSU◇——◇——◇
Caroline Miller OylerRSU◇——◇——◇
Caroline Miller OylerRSU◇——◇——◇
Caroline Miller OylerPSU◇◇◇—◇—◇
Caroline Miller OylerPSU◇◇◇—◇—◇
Joseph SieveRSU◇——◇——◇
Joseph SievePSU◇◇◇—◇—◇
Kevin VasconiRSU◇——◇——◇
Kevin VasconiPSU◇◇◇—◇—◇
Ravi ThanawalaPSU◇◇◇—◇—◇
Ravi ThanawalaRSU◇——◇——◇
Todd A. PenegorPSU◇◇◇—◇—◇
Todd A. PenegorRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Todd PenegorPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Ravi ThanawalaPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Kevin VasconiPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Caroline Miller OylerPSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Joseph SievePSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Caroline Miller Oyler
Chief Legal and Risk Officer · Change-in-control agreement
Clawback◇
Kevin Vasconi
Chief Digital & Technology Officer · Change-in-control agreement
Clawback◇
Ravi Thanawala
Chief Financial Officer & President, North America · Terms as announced by the company
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Christopher L. Coleman
Board chair
◇◇————◇
John W. Garratt
◇◇————◇
Laurette T. Koellner
◇◇————◇
Jocelyn C. Mangan
◇◇————◇
Sonya E. Medina
◇◇————◇
Stephen L. Gibbs
◇◇————◇
John C. Miller
◇◇————◇
Anthony M. Sanfilippo
◇—————◇
Todd A. Penegor served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as Deferred Stock Units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bloomin' Brands BLMN
  • Brinker International, Inc. EAT
  • Chipotle Mexican Grill, Inc. CMG
  • Denny's Corp. DENN
  • Dine Brands Global, Inc. DIN
  • Domino's Pizza, Inc. DPZ
  • Jack in the Box Inc. JACK
  • Krispy Kreme, Inc. DNUT
  • Restaurant Brands International Inc. QSR
  • Shake Shack, Inc. SHAK
  • Texas Roadhouse, Inc. TXRH
  • The Cheesecake Factory, Inc. CAKE
  • The Wendy's Company WEN
  • Wingstop, Inc. WING

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025April 30, 2026=◇◇◇
2024May 1, 2025=◇◇◇
2023May 2, 2024=◇◇◇
2022April 25, 2023=◇◇◇
2021April 26, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 23, 2020=◇◇◇
2018April 30, 2019=◇◇◇
2017May 2, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Todd Penegor (President and Chief Executive Officer), FY2025 total compensation $8,442,953 (base salary $1,000,000) [exec_comp, SEC accession 0001628280-26-021204, filed 2026-03-26]

Answered within 24 hours, every figure cited to its SEC filing. This is a one-off report: no refunds.

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What this page does not include

Everything above is a fact Papa Johns International disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Papa Johns International sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
298 figures on this page: 289 cited to the filing that reported them, 9 calculated from figures it prints.
289 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001628280-26-030804
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-021204
    CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · and 1 more section
  3. 0001628280-25-021511
  4. 0001628280-25-015058
    Summary Compensation Table
  5. 0001628280-24-020709
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001558370-24-004324
    Director Compensation · Summary Compensation Table
  7. 0001157523-23-000685
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001558370-23-004406
    Summary Compensation Table
  9. 0001157523-22-000523
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001157523-21-000567
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001104659-20-121397
  12. 0001157523-20-000588
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001157523-19-001072
  14. 0001104659-18-031292
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Papa Johns International executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PZZA (accessed 2026).
Short form: data: Velarion

The paid brief for Papa Johns International

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
14 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Gaming & Lodging rankings

Peers Papa Johns International discloses

The companies named in PZZA's own disclosed peer group.

Terms on this page

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}