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.
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.