Papa John’s COO Ritchie nets $625K in share trade

Steve Ritchie made the trade Aug. 12 with options he exercised that day at a so-called strike price of $26 a share, according to a just-filed Securities and Exchange Commission document. That means he netted about $625,000 after selling the 12,836 shares at prices ranging from $74.37 to $75.08.

John Ritchie

The options vest in three equal annual installments beginning one year from the grant date of Feb. 28, 2013. The company’s PZZA shares closed today at $75, up 35 cents.

Just last week, Ritchie told the SEC he’d sold 988 shares for about $75,000; there were no options involved in that trade.

Ritchie has been the pizza chain’s president and chief operating officer since July 2015. He started at the company as a customer service representative making $5 an hour in 1996.

You may post a comment anonymously simply by leaving all the fields blank. But please: no personal attacks.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s