Drew Madsen compensation by year
NOODLES Summary Compensation Table · all 3 fiscal years held| Component | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Salary | $61,800 | $800,654 | $547,692 |
| Bonus | $0 | $0 | $0 |
| Stock awards | $252,000 | $1,205,178 | $296,933 |
| Option awards | $0 | $262,500 | $0 |
| Non-equity incentive | $0 | $160,000 | $0 |
| Pension and deferred compensation | $0 | $0 | $0 |
| All other | $160,200 | $11,304 | $24,360 |
| Total | $474,000 | $2,439,636 | $868,985 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: NOODLES & Co DEF 14A filed April 1, 2026, accession 0001275158-26-000030, and prior-year filings. Open the filing on EDGAR.
How this page was built: the NOODLES & Co filed document, accession 0001275158-26-000030. Every figure is read from that document and cited to the page and table it appears in. Filed April 1, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 16,600 | $91,952 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in NOODLES & Co's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments NOODLES discloses, by trigger · FY2024| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Change in control and resignation for good reason | $1,600,000 | $820,716 | $24,979 | $4,045,695 |
| Change in control and involuntary termination | $1,600,000 | $820,716 | $24,979 | $4,045,695 |
| Disability | $0 | $728,919 | $0 | $1,368,919 |
| Death | $0 | $728,919 | $0 | $1,368,919 |
| Involuntary termination without cause | $1,200,000 | $728,919 | $24,979 | $2,593,898 |
| Resignation for good reason, no change in control | $1,200,000 | $728,919 | $24,979 | $2,593,898 |
Per the Potential Payments Upon Termination or Change in Control table in NOODLES & Co's FY2024 proxy. Estimates as the company printed them; a dash means it printed no figure.
NOODLES’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Joseph Christina | President and Chief Executive Officer | $889,720 |
| Drew Madsen · this page | Former Chief Executive Officer | $868,985 |
| Mike Hynes | Chief Financial Officer | $549,564 |
| Corey Kline | Executive Vice President, Technology | $377,080 |
| Kathy Lockhart | Chief Accounting Officer | $376,210 |
| Brad West | Former Executive Vice President, Operations | $328,071 |
Board service
NOODLES board · FY2021–FY2025| Fiscal year | Cash fees | Stock awards | Option awards | Other | Total |
|---|---|---|---|---|---|
| FY2025 | $16,620 | $0 | — | — | $16,620 |
| FY2024 | — | — | — | — | — |
| FY2022 | $70,000 | $75,000 | — | — | $145,000 |
| FY2021 | $68,743 | $55,000 | — | — | $123,743 |
Each year as the company reported it in NOODLES's director compensation table. Totals are the company's own disclosed totals.
How this board is paid
Company policy: NOODLES pays directors a $50,000 cash retainer and $90,000 in RSUs. As stated in NOODLES's FY2025 proxy.
Drew Madsen's compensation dossier, NOODLES
You have read Drew Madsen's totals and holdings. The dossier adds each equity grant NOODLES disclosed for Drew Madsen and NOODLES's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.
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Peer companies
named in the NOODLES proxy · each links to its own free briefCompensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are NOODLES's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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