Form 4: Noodles & Co Director Receives Equity Compensation
Statement of Changes in Beneficial Ownership
Director Elisa Schreiber acquired 7,103 shares of Noodles & Co Class A Common Stock as part of annual director fee compensation.
Summary
- Director Elisa Schreiber received 7,103 shares of Class A Common Stock.
- The acquisition was part of the company's director compensation program.
- The shares were granted as Restricted Stock Units (RSUs) which settled immediately into common stock.
- The grant was valued at a notional price of $12.67 per share.
- Following this transaction, the director's total beneficial ownership is 22,184 shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.
Positives
- Director alignment with shareholder interests through increased equity ownership.
Negatives
- None identified.
Risks
- None identified.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that this is a routine disclosure of director compensation, common in the restaurant industry to align board members with long-term company performance.
Comparison to Industry Standards
- The use of RSUs for director compensation is standard practice among publicly traded restaurant chains to preserve cash while incentivizing board oversight.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Issuance of RSUs as part of annual director fee arrangement. | 05/15/2026 | Standard alignment of director interests with shareholders. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard equity-based compensation grant.
Next Steps
- None mentioned.
Key Dates
| Date | Description |
|---|---|
| 05/15/2026 | Date of the equity transaction. |
| 05/19/2026 | Date the Form 4 was filed with the SEC. |
Keywords
Noodles & Co, NDLS, Director Compensation, Insider Transaction, Form 4, Equity Grant
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