The Board of Directors of Broomfield-based Noodles & Co. (NASDAQ: NDLS) granted an equity award to Joe Christina as an equity inducement award outside of the company’s 2023 Stock Incentive Plan and material to 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 Christina’s recent appointment as president and chief operating officer, the company granted him an award of 160,000 time-based restricted stock units. One-fourth of the RSUs will vest on each anniversary of Christina’s start date, subject to his continued employment with the company on such vesting dates.
Christina succeeded Brad West, who announced his retirement in 2024 after eight years as COO. West will continue with the company as chief of staff through June 2025 to ensure a smooth transition.
