Form 4: Noodles & Co. CFO Michael Hynes Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chief Financial Officer of Noodles & Co., Michael Hynes, disposed of 4,328 shares to cover tax obligations arising from the vesting of restricted stock units.
Summary
- Michael Hynes, the Chief Financial Officer of Noodles & Co., reported a transaction on July 24, 2024, where 4,328 shares of Class A Common Stock were disposed of.
- The shares were surrendered to the Issuer to cover required tax withholdings due upon the vesting of Restricted Stock Units.
- The shares were valued at $1.66 each.
- Following the transaction, Hynes directly owns 115,148 shares of Noodles & Co.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations from vested stock, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of transaction: Michael Hynes disposed of 4,328 shares to cover tax obligations. |
| 07/25/2024 | Date of signature: Kathryn Lockhart, attorney in fact, signed the report. |
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