Christina Joseph 4
Research Summary
AI-generated summary
Noodles & Co (NDLS) CEO Christina Joseph Receives RSU Award
What Happened
Christina Joseph, CEO, President and a director of Noodles & Company, was granted 32,359 restricted stock units (RSUs) on May 15, 2026. The grant is recorded at $0.00 per unit (a compensation award rather than a purchase), so no cash was exchanged at grant.
Key Details
- Transaction date: 2026-05-15; Grant type: Award/Acquisition (Code A); 32,359 RSUs at $0.00 each.
- Filing date: 2026-05-19 (filed within the usual two business-day Form 4 window).
- Shares owned after the transaction: not specified in the provided filing extract.
- Footnote: Each RSU equals the right to one share of Class A common stock. The RSUs vest in four equal installments beginning May 15, 2027 (see footnote F1).
- No tax withholding, sale, or exercise related to this grant is reported in the provided transaction.
Context
RSU grants are a common form of executive compensation and do not represent immediately marketable shares until they vest and are delivered. Because the grant price is $0.00, this entry represents a compensation award, not an open-market purchase. No inference about the insider’s view of the stock should be made solely from a standard time‑based RSU grant.