Form 4: Noodles & Co. COO Thomas West Reports Stock Transactions

Chief Operating Officer Thomas West reports the acquisition and disposal of Noodles & Co. Class A Common Stock related to vesting of Restricted Stock Units and Performance Stock Units.

Summary

• On March 14, 2024, Thomas West, the Chief Operating Officer of Noodles & Co., reported transactions involving Class A Common Stock.
• West surrendered 8,618 shares to cover tax withholdings upon the vesting of Restricted Stock Units, valued at $1.8 per share.
• He also acquired 6,130 shares due to the vesting of Performance Stock Units (PSUs) with a value of $0.
• Additionally, 2,079 shares were surrendered to cover tax withholdings upon the vesting of PSUs, also valued at $1.8 per share.
• Following these transactions, West beneficially owns 149,999 shares of Noodles & Co. Class A Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The vesting of Performance Stock Units suggests the achievement of certain performance criteria, which could be viewed positively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.

Key Dates