Form 4: Noodles & Co. Chief Accounting Officer Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Kathryn Rae Lockhart, Chief Accounting Officer of Noodles & Co., reports disposing of shares to cover tax withholdings upon vesting of restricted stock units.
Summary
- On March 14, 2025, Kathryn Rae Lockhart, the Chief Accounting Officer of Noodles & Co. (NDLS), disposed of 1,883 shares of Class A Common Stock to cover tax obligations.
- The shares were surrendered to the issuer to pay for required tax withholdings due upon the vesting of Restricted Stock Units.
- The price per share was $1.11.
- Following the transaction, Lockhart beneficially owns 51,644 shares of Noodles & Co. stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company officers to dispose of shares to cover taxes when restricted stock units vest.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Disposal of shares to cover tax withholdings. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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