Form 4: Director Jeffrey Jones Acquires Noodles & Co Shares

Director Jeffrey W. Jones acquired 10,655 shares of Noodles & Co common stock as part of his annual director fee compensation.

Summary

• Director Jeffrey W. Jones received 10,655 shares of Class A Common Stock on May 15, 2026.
• The shares were issued as part of the director's compensation package in the form of Restricted Stock Units (RSUs).
• The RSUs were valued at a notional price of $12.67 per share.
• Following this transaction, the director's total beneficial ownership increased to 40,706 shares.

Sentiment

Score: 5

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

Positives

• Director alignment with shareholder interests through increased equity ownership.
• Standardized compensation practice involving equity-based director fees.

Negatives

• None identified.

Risks

• General market risks associated with equity ownership in the restaurant sector.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Management Comments

• The reporting person is a director of the issuer and receives a portion of their director fee in the form of Restricted Stock Units.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the restaurant industry to ensure long-term alignment between leadership and shareholders.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices among publicly traded restaurant chains.
• The transaction reflects typical annual equity grant cycles for board members.

Stakeholder Impact

• Increased alignment between the director and shareholders.

Next Steps

• No future actions or milestones were mentioned in this filing.

Key Dates

Keywords

Noodles & Co, NDLS, Director Compensation, Insider Transaction, Form 4, Equity Ownership