Form 4: Noodles & Company EVP of Technology, Corey Kline, Reports Stock Transactions

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

Summary

• On May 15, 2025, Corey Kline, the EVP of Technology at Noodles & Company, reported transactions involving Class A Common Stock.
• Kline surrendered 1,278 shares to cover tax withholdings due upon the vesting of Restricted Stock Units (RSUs), with the shares valued at the closing price on the surrender date.
• Kline also acquired 24,000 Restricted Stock Units (RSUs), each representing the right to receive one share of Noodles & Company Class A common stock.
• These RSUs vest in four equal annual installments starting on May 15, 2026.
• Following these transactions, Kline beneficially owns 85,826 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing reflects standard executive compensation practices. The acquisition of RSUs is a positive sign, but the surrender of shares for tax withholdings is a routine event.

Positives

• The acquisition of 24,000 RSUs indicates continued investment and alignment with the company's future performance.

Future Outlook

The RSUs vest in four equal annual installments beginning on May 15, 2026, suggesting a multi-year commitment from the executive.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• Shareholders may view the RSU award as a positive sign of management's alignment with company performance.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

Form 4, Noodles & Company, NDLS, Corey Kline, Restricted Stock Units, RSU, Beneficial Ownership, EVP Technology, Class A Common Stock, Stock Transactions