Noodles Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Noodles & Company (NASDAQ: NDLS) announced that its Board of Directors has granted an equity inducement award to Joe Christina, the company's new President and Chief Operating Officer. The award, consisting of 160,000 time-based RSUs, was granted outside of the Company's 2023 Stock Incentive Plan and in accordance with Nasdaq Listing Rule 5635(c)(4).
The RSUs will vest over a four-year period, with one-fourth vesting on each anniversary of Christina's start date, contingent upon his continued employment with the company.
Noodles & Company (NASDAQ: NDLS) ha annunciato che il suo Consiglio di Amministrazione ha concesso un premio di incentivazione azionaria a Joe Christina, il nuovo Presidente e Direttore Operativo dell'azienda. Il premio, composto da 160.000 RSU basate sul tempo, è stato concesso al di fuori del Piano di Incentivazione Azionaria 2023 dell'azienda e in conformità con la Regola di Quotazione Nasdaq 5635(c)(4).
Le RSU matureranno nel corso di un periodo di quattro anni, con un quarto che matura ad ogni anniversario della data di inizio di Christina, a condizione che continui il suo impiego con l'azienda.
Noodles & Company (NASDAQ: NDLS) anunció que su Junta Directiva ha otorgado un premio de incentivo en acciones a Joe Christina, el nuevo Presidente y Director de Operaciones de la compañía. El premio, que consiste en 160,000 RSUs basadas en el tiempo, se otorgó fuera del Plan de Incentivos de Acciones 2023 de la compañía y de acuerdo con la Regla de Cotización de Nasdaq 5635(c)(4).
Las RSUs se otorgarán durante un período de cuatro años, con un cuarto que se otorgará en cada aniversario de la fecha de inicio de Christina, condicionado a su empleo continuo en la empresa.
Noodles & Company (NASDAQ: NDLS)는 이사회를 통해 회사의 새로운 사장 겸 COO인 Joe Christina에게 주식 유인 보상을 수여했다고 발표했습니다. 이 보상은 160,000개의 시간 기반 RSU로 구성되어 있으며, 회사의 2023 주식 인센티브 계획 외부에서 수여되었으며 Nasdaq 상장 규칙 5635(c)(4)에 따라 이루어졌습니다.
RSU는 4년 동안에 걸쳐 분할 지급되며, Christina의 시작일 기념일마다 1/4이 지급되며, 이는 그가 회사에 계속 재직하는 조건입니다.
Noodles & Company (NASDAQ: NDLS) a annoncé que son Conseil d'Administration a accordé une prime d'incitation en actions à Joe Christina, le nouveau Président et Directeur des opérations de l'entreprise. La prime, composée de 160 000 RSU basées sur le temps, a été accordée en dehors du Plan d'Incitation en Actions 2023 de l'entreprise et conformément à la Règle de Cotation Nasdaq 5635(c)(4).
Les RSU seront acquises sur une période de quatre ans, avec un quart acquis à chaque anniversaire de la date de début de Christina, sous réserve de son emploi continu au sein de l'entreprise.
Noodles & Company (NASDAQ: NDLS) gab bekannt, dass der Vorstand dem neuen Präsidenten und Chief Operating Officer Joe Christina eine Eigenkapitalanreizprämie gewährt hat. Die Prämie, die aus 160.000 zeitbasierten RSUs besteht, wurde außerhalb des Aktienanreizplans 2023 des Unternehmens und gemäß der Nasdaq-Listing-Regel 5635(c)(4) gewährt.
Die RSUs werden über einen Zeitraum von vier Jahren fällig, wobei ein Viertel an jedem Jahrestag von Christinas Startdatum fällig wird, vorausgesetzt, er bleibt weiterhin im Unternehmen beschäftigt.
- Appointment of new President and COO strengthens executive leadership team
- Equity-based compensation aligns executive interests with shareholders
- Potential dilution from 160,000 new RSUs
BROOMFIELD, Colo., March 10, 2025 (GLOBE NEWSWIRE) -- Noodles & Company (NASDAQ: NDLS) (the “Company”) today announced that its Board of Directors (the “Board”) granted an equity award to Joe Christina as an equity inducement award outside of the Company’s 2023 Stock Incentive Plan and material to Mr. Christina’s acceptance of employment with the company. The equity award was approved by the Board, in accordance with Nasdaq Listing Rule 5635(c)(4).
In connection with Mr. Christina’s appointment as President and Chief Operating Officer, the Company granted Mr. Christina an award of 160,000 time-based RSUs. One-fourth of the RSUs will vest on each anniversary of Mr. Christina’s start date, subject to his continued employment with the Company on such vesting dates.
About Noodles & Company
Since 1995, Noodles & Company has been serving guests Uncommon Goodness and noodles your way, with noodles and flavors you know and love and new ones you’re about to discover. From indulgent Wisconsin Mac & Cheese to better-for-you Zoodles, Noodles serves a world of flavor in every bowl. Made up of more than 450 restaurants and 8,000 passionate team members, Noodles is dedicated to nourishing and inspiring every guest who walks through the door. To learn more or find the location nearest you, visit www.noodles.com.
Contacts:
Investor Relations
investorrelations@noodles.com
Danielle Moore
Press@noodles.com
FAQ
How many RSUs did Noodles & Company (NDLS) grant to Joe Christina?
What is the vesting schedule for Joe Christina's RSUs at Noodles & Company (NDLS)?
What position was Joe Christina appointed to at Noodles & Company (NDLS)?
Under which rule was the NDLS equity inducement award granted?
