Form 4: Noodles & Co CAO Reports Equity Vesting and RSU Grant
Statement of Changes in Beneficial Ownership
Chief Accounting Officer Kathryn Lockhart reported the withholding of shares for taxes and the receipt of new restricted stock units.
Summary
- Kathryn Lockhart, Chief Accounting Officer of Noodles & Company, executed a transaction involving Class A Common Stock on May 15, 2026.
- 416 shares were withheld by the company to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The reporting person was granted 4,735 new restricted stock units.
- Following these transactions, the reporting person holds 13,423 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding executive equity compensation with no impact on company fundamentals.
Positives
- The transaction reflects standard equity compensation practices for corporate officers.
- The reporting person maintains a direct ownership stake of 13,423 shares, aligning interests with shareholders.
Negatives
- The withholding of 416 shares represents a reduction in potential holdings to cover tax liabilities.
Risks
- Future value of the granted RSUs is subject to the market performance of Noodles & Company stock.
Future Outlook
The granted RSUs are scheduled to vest in four equal annual installments starting May 15, 2027, contingent upon continued service.
Industry Context
StockSavvy.ai notes that this filing is a routine disclosure of executive compensation and does not signal a change in corporate strategy or operational performance.
Comparison to Industry Standards
- The use of RSU grants and tax withholding upon vesting is a standard compensation practice among publicly traded restaurant chains such as Chipotle or Shake Shack.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard equity compensation event.
Next Steps
- Vesting of the newly granted RSUs beginning May 15, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/15/2026 | Date of the reported equity transactions. |
| 05/19/2026 | Date the Form 4 was signed and filed. |
| 05/15/2027 | Beginning of the four-year annual vesting schedule for the new RSU grant. |
Keywords
Noodles & Company, NDLS, Form 4, Insider Trading, Equity Compensation, Restricted Stock Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.