Schreiber Elisa 4

What Happened

• Elisa Schreiber, 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 (award), with a notional grant value of approximately $89,994 (7,103 × $12.67). Per the filing, the RSUs settled into common stock on the grant date as part of her director compensation.

Key Details

• Transaction date: 2026-05-15; Form 4 filed 2026-05-19 (accession 0001628280-26-036698).
• Reported transaction: Award/Grant (code A) — 7,103 shares at $0.00.
• Notional valuation: $12.67 per share used to calculate the grant value → ≈ $89,994.01 total.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnote: The director receives a portion of director fees as RSUs annually; these RSUs are delivered/settle in common stock on the grant date.
• No 10b5-1 plan, tax-withholding, or late-filing indication noted in the provided details.

Context

• This was a routine compensation award to a board director rather than an open-market purchase or sale. Awards like RSUs reflect compensation and do not necessarily signal a personal buy/sell decision by the insider. For investors, purchases or sales by insiders can be more informative about sentiment than routine compensation grants.