Form 4: Noodles & Company CEO Andrew Madsen Reports Acquisition of Restricted Stock Units

CEO Andrew Madsen reports the acquisition of 166,500 Restricted Stock Units (RSUs) in Noodles & Company, vesting in equal annual installments starting May 15, 2026.

Summary

• Andrew H. Madsen, CEO of Noodles & Company, filed a Form 4 on May 19, 2025, reporting a transaction.
• On May 15, 2025, Madsen acquired 166,500 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
• These RSUs were awarded at a price of $0 per share.
• The RSUs vest in four equal annual installments beginning on May 15, 2026.
• Following the reported transaction, Madsen beneficially owns 493,167 shares of Class A Common Stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of RSUs by the CEO is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

Positives

• The acquisition of RSUs by the CEO demonstrates confidence in the company's future performance.
• The vesting schedule aligns the CEO's interests with the long-term success of the company.

Future Outlook

The vesting schedule of the RSUs suggests a commitment from the CEO to the company's long-term performance, as the value of the RSUs will depend on the company's stock price over the vesting period.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders may view the CEO's acquisition of RSUs as a positive sign, aligning management's interests with their own.
• Employees may see this as a sign of stability and confidence in the company's leadership.

Key Dates

Keywords

Form 4, Restricted Stock Units, RSU, Beneficial Ownership, Noodles & Company, NDLS, Andrew Madsen, CEO, Equity Securities