Form 4: Director Britain Peakes Acquires Noodles & Co Shares

Director Britain Peakes acquired 7,103 shares of Noodles & Co common stock as part of an annual director fee compensation arrangement.

Summary

• Director Britain Peakes received 7,103 shares of Class A Common Stock on May 15, 2026.
• The acquisition was part of an annual director fee compensation program where fees are paid in Restricted Stock Units (RSUs).
• The RSUs were granted at a notional price of $12.67 per share and settled immediately in common stock.
• Following this transaction, the director's total beneficial ownership increased to 14,743 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• The transaction reflects alignment between the director and shareholders through equity-based compensation.
• The director increased their direct stake in the company.

Negatives

• None identified; this is a routine compensation-related transaction.

Risks

• None identified; this is a standard equity grant.

Future Outlook

No forward-looking guidance provided in this filing.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard industry practice in the restaurant and retail sector to ensure long-term alignment with shareholder interests.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard corporate governance practices for publicly traded companies of similar size to Noodles & Co.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Key Dates

Keywords

Noodles & Co, NDLS, Form 4, Insider Trading, Director Compensation, Equity Grant