Form 4: Noodles & Co Executive Vice President Sue Petersen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Sue Petersen, EVP 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, Sue Petersen, EVP at Noodles & Co, reported changes in beneficial ownership of the company's Class A Common Stock.
- She surrendered 2,936 shares to cover tax withholdings upon vesting of Restricted Stock Units at a price of $1.8 per share.
- Petersen also acquired 1,915 shares upon the vesting of Performance Stock Units (PSUs).
- An additional 653 shares were surrendered to cover tax withholdings upon vesting of the PSUs, also valued at $1.8 per share.
- Following these transactions, Petersen beneficially owns 51,745 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions related to executive compensation. It doesn't provide any direct indication of the company's financial health or future prospects.
Positives
- The vesting of Performance Stock Units indicates that certain performance criteria were met, which could be a positive sign for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of PSUs and RSUs impacts the total number of shares outstanding, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of transactions involving Class A Common Stock, including surrender for tax withholdings and acquisition upon vesting of PSUs. |
| 03/18/2024 | Date of signature by attorney in fact for Sue Petersen. |
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