NDLS.NASDAQNoodles & CO

Form 4: Noodles & Co. EVP Corey Kline Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4

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Corey Kline, EVP of Technology at Noodles & Co., reports the acquisition and disposal of Class A Common Stock related to vesting of Restricted Stock Units and Performance Stock Units.

Summary

  • On March 14, 2024, Corey Kline, EVP of Technology at Noodles & Co., reported changes in beneficial ownership of the company's Class A Common Stock.
  • Kline surrendered 2,936 shares to cover tax withholdings upon vesting of Restricted Stock Units at a price of $1.8 per share.
  • Kline acquired 1,915 shares due to the vesting of Performance Stock Units (PSUs) based on the achievement of certain performance criteria.
  • Kline surrendered 653 shares to cover tax withholdings upon vesting of PSUs at a price of $1.8 per share.
  • Following these transactions, Kline beneficially owns 49,972 shares of Noodles & Co. Class A Common Stock.

Sentiment

Score: 5

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

Positives

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

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in the restaurant industry and public companies in general.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.

Key Dates

DateDescription
03/14/2024Date of the reported transactions (acquisition and disposal of shares).
03/18/2024Date of signature by attorney in fact.

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