Form 4: Noodles & Co Director Elisa Schreiber Acquires 36,000 Shares of Class A Common Stock

Director Elisa Schreiber acquired 36,000 shares of Noodles & Co Class A Common Stock on May 15, 2025, as part of their director fee arrangement.

Summary

• On May 15, 2025, Elisa Schreiber, 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).
• The RSUs settle in common stock on the date of grant.
• The price used to calculate the value of the RSUs was $2.50 per share.
• Following the transaction, Schreiber directly owns 120,647 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests.

Positives

• The acquisition reflects a continued investment and alignment of interests between the director and the company.

Industry Context

Director compensation in the form of stock is a common practice to align the interests of board members with those of shareholders. This is a standard method used across the restaurant industry and other sectors.

Comparison to Industry Standards

• Many publicly traded companies, including restaurant chains like Chipotle (CMG) and Panera Bread (PNRA), use stock-based compensation for their directors.
• The specific amount and vesting schedules vary, but the underlying principle of aligning director interests with shareholder value is consistent.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Noodles & Co, Director, Elisa Schreiber, Class A Common Stock, RSU, Director Fee, Beneficial Ownership, NDLS