Form 4: Noodles & Co. CEO Andrew Madsen Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Andrew Madsen of Noodles & Co. reports disposing of shares to cover tax withholdings upon vesting of Restricted Stock Units.
Summary
- On March 6, 2025, Andrew H. Madsen, CEO of Noodles & Co., disposed of 16,888 shares of Class A Common Stock to cover tax withholdings.
- The shares were surrendered to the issuer at a price of $1.245 per share.
- Following the transaction, Madsen directly owns 326,667 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested stock awards, a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of transaction: disposal of shares for tax withholdings. |
| 03/11/2025 | Date of signature by attorney in fact. |
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