Form 4: Noodles & Co Director Britain Peakes Acquires 36,000 Shares of Common Stock

Director Britain Peakes acquired 36,000 shares of Noodles & Co common stock on May 15, 2025, as part of their director fee arrangement.

Summary

• On May 15, 2025, Britain Peakes, a director of Noodles & Co, acquired 36,000 shares of Class A Common Stock.
• The acquisition was part of an arrangement where directors receive a portion of their fees in Restricted Stock Units (RSUs).
• These RSUs settle in common stock on the date of grant.
• The value of the RSUs is calculated using a price of $2.50 on the day of the grant.
• Following the transaction, Peakes directly owns 61,113 shares of Noodles & Co stock.

Sentiment

Score: 7

Explanation: The document indicates a director's continued investment in the company, which is generally a positive signal. The acquisition is part of a pre-arranged compensation plan, so it's not necessarily a strong indicator of exceptional confidence, but it's still a positive sign.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The RSU arrangement aligns director compensation with company performance.

Industry Context

Director compensation in the form of stock options and RSUs is a common practice in the restaurant industry to align management and shareholder interests.

Comparison to Industry Standards

• Many publicly traded restaurant companies, such as Chipotle, McDonald's, and Starbucks, use stock-based compensation for their directors and executives.
• The specific amount and vesting schedules vary, but the general principle is to incentivize long-term value creation.

Related Party Transactions

• The RSU arrangement for director compensation is a related party transaction.

Stakeholder Impact

• The director's stock ownership aligns their interests with those of other shareholders.
• Employees may view the director's investment as a positive sign for the company's future.

Key Dates

Keywords

Noodles & Co, Director, Britain Peakes, Stock Acquisition, Restricted Stock Units, RSU, NDLS, Common Stock, Director Fee