Peakes Britain 4

What Happened
Peakes Britain, a director of Noodles & Co (NDLS), was granted 7,103 restricted stock units (RSUs) on May 15, 2026. The Form 4 reports the acquisition at $0.00 per share (transaction code A for award), and the company discloses a notional grant value calculated at $12.67 per share, making the award worth roughly $90,000. These RSUs settle into common stock on the grant date as part of the director compensation program.

Key Details

• Transaction date: May 15, 2026; Form 4 filed May 19, 2026 (filed within the typical 2-business-day deadline).
• Reported transaction: Award/Grant (code A) of 7,103 RSUs; filing shows $0.00 per share but footnote values the grant at $12.67 each (~$89,995).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: Director receives a portion of fees in RSUs annually; RSUs are delivered/settle in common stock on the grant date using a notional price of $12.67.
• No indication of a 10b5-1 plan, sale, gift, or tax-withholding action in this filing.

Context
This was a routine equity-based director compensation award, not an open-market purchase or sale. Such grants are common and reflect standard pay practices rather than an explicit buy/sell signal from the insider. Retail investors should treat this as compensation-related stock issuance rather than evidence of a director increasing or decreasing personal exposure.