Form 4: Noodles & Co. COO Thomas B. West Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Thomas B. West, Chief Operating Officer of Noodles & Co, disposed of 5,791 shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 14, 2025, Thomas B. West, the Chief Operating Officer of Noodles & Co, disposed of 5,791 shares of Class A Common Stock.
- The transaction was executed to cover tax withholdings due upon the vesting of Restricted Stock Units.
- The shares were surrendered to the Issuer and valued at $1.11 per share based on the closing price of the common stock on the date of surrender.
- Following the transaction, West directly owns 192,256 shares of Noodles & Co.
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 corporate governance, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations arising from the vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 03/17/2025 | Date of signature by attorney in fact. |
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