Form 4: Noodles & Co Director Shawn A. Taylor Acquires 36,000 Shares of Class A Common Stock

Director Shawn A. Taylor 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, Shawn A. Taylor, 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 the form of 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 on the grant date was $2.50 per share.
• Following the transaction, Taylor directly owns 121,078 shares of Noodles & Co stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment between the director and the company's interests. There are no red flags or negative implications.

Positives

• The acquisition reflects the director's continued investment and alignment with the company's success.
• The use of RSUs as part of director compensation can help conserve company cash.

Industry Context

Director compensation through equity is a common practice in the restaurant industry to align management interests with shareholder value. This Form 4 filing reflects a standard transaction related to that compensation.

Comparison to Industry Standards

• Many publicly traded restaurant companies use a mix of cash and equity-based compensation for their directors.
• The specific amount and type of equity granted can vary based on company size, performance, and industry benchmarks.
• Comparing Noodles & Co's director compensation structure to peers like Chipotle, Panera Bread (now private), or Wingstop would provide a more detailed assessment of its competitiveness.

Related Party Transactions

• The transaction is a related party transaction as it involves compensation to a director of the company.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Noodles & Co, Director, Shawn A. Taylor, Class A Common Stock, Restricted Stock Units, RSUs, Director Compensation, Beneficial Ownership, Form 4