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Noodles & Co Executive Compensation (FY25)

NDLS · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Joseph Christina
Median of the other named officers
$377,080
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 2026
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Data as of November 4, 2026Latest filing (8-K): May 14, 2026
11 filings cited on this page
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269 figures on this page: 261 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on Noodles & Co

Five data products on this company. Each one is requested through the developer setup page.

Frequently asked questions

Answers drawn from the data on this page.
Who is Noodles & Co's chief executive and what were they paid?
Total compensation for Joseph Christina, President and Chief Executive Officer, came to $889,720 in fiscal 2025.
What was Noodles & Co's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 99.5% support at the meeting held May 13, 2026.
Which companies are in Noodles & Co's peer group?
The disclosed peer group includes Big 5 Sporting Goods, BJ's Restaurants, Inc., BJ’s Restaurants, Inc., Build-A-Bear Workshop, Inc. and BurgerFi International, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dave Boennighausen
CEO
◇—◇—◇—◇◇
Carl Lukach
CFO
◇—◇—◇—◇◇
Brad West
Executive Vice President, Operations
◇—◇—◇—◇◇
Stacey Pool
Chief Marketing Officer
◇—◇—◇—◇◇
Melissa Heidman
Executive Vice President, General Counsel & Secretary
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Brad West
Former Executive Vice President, Operations
◇—◇———◇◇
Drew Madsen
Former CEO
◇—◇———◇◇
Corey Kline
Executive Vice President, IT
◇—◇———◇◇
Kathy Lockhart
Chief Accounting Officer
◇—◇———◇◇
Mike Hynes
Chief Financial Officer
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Drew Madsen
Former CEO
◇—◇◇◇—◇◇
Brad West
Former Executive Vice President, Operations
◇—◇—◇—◇◇
Mike Hynes
Chief Financial Officer
◇—◇—◇—◇◇
Melissa Heidman
Former Executive Vice President
Departed during or after this year
◇—◇—◇—◇◇
Corey Kline
Executive Vice President, IT
◇—◇—◇—◇◇
Kathy Lockhart
Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joseph Christina
President and Chief Executive Officer
◇—◇—◇—◇◇
Drew Madsen
Former Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Mike Hynes
Chief Financial Officer
◇—◇—◇—◇◇
Corey Kline
Executive Vice President, Technology
◇—◇—◇—◇◇
Kathy Lockhart
Chief Accounting Officer
◇—◇—◇—◇◇
Brad West
Former Executive Vice President, Operations
Departed during or after this year
◇———◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Corey KlineRSU◇——◇——◇
Corey KlinePSU◇◇◇—◇—◇
Drew MadsenPSU◇◇◇—◇—◇
Drew MadsenRSU◇——◇——◇
Joseph ChristinaRSU◇——◇——◇
Joseph ChristinaRSU◇——◇——◇
Kathy LockhartPSU◇◇◇—◇—◇
Kathy LockhartRSU◇——◇——◇
Mike HynesPSU◇◇◇—◇—◇
Mike HynesRSU◇——◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Joseph ChristinaRSU◇◇——
RSU◇◇——
Drew MadsenRSU◇◇——
Mike HynesRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kathy LockhartRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Corey KlineRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Corey Kline
Executive Vice President, Technology · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Joseph Christina
President and Chief Executive Officer · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Kathy Lockhart
Chief Accounting Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Mike Hynes
Chief Financial Officer · Employment agreement
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jeff Jones
Board chair
◇◇————◇
Robert Hartnett
◇◇————◇
Mary Egan
◇◇————◇
Shawn Taylor
◇◇————◇
Elisa Schreiber
◇◇————◇
Thomas Lynch
◇◇————◇
Britain Peakes
◇◇————◇
Drew Madsen
◇—————◇
Joseph Christina served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Big 5 Sporting Goods BGFV
  • BJ's Restaurants, Inc. BJRI
  • BJ’s Restaurants, Inc. symbol not shown
  • Build-A-Bear Workshop, Inc. BBW
  • BurgerFi International, Inc. symbol not shown
  • Chuy's Holdings, Inc. CHUY
  • Citi Trends, Inc. CTRN
  • Destination XL Group, Inc. DXLG
  • El Pollo Loco Holdings, Inc. LOCO
  • First Watch Restaurant Group, Inc. FWRG
  • Portillo's, Inc. PTLO
  • Red Robin Gourmet Burgers, Inc. RRGB
  • The Container Store Group, Inc. TCS
  • The ONE Group Hospitality, Inc. STKS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 14, 2025=◇◇◇
2023May 15, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 10, 2022=◇◇◇
2020April 27, 2021=◇◇◇
2019April 30, 2020=◇◇◇
2018May 15, 2019=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Joseph Christina (President and Chief Executive Officer), FY2025 total compensation $889,720 (base salary $407,116) [exec_comp, SEC accession 0001275158-26-000030, filed 2026-04-01]

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What this page does not include

Everything above is a fact Noodles & Co disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Noodles & Co sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
269 figures on this page: 261 cited to the filing that reported them, 8 calculated from figures it prints.
261 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001275158-26-000039
  2. 0001275158-26-000030
    Director Compensation · Potential Payments Upon Termination
  3. 0001275158-25-000047
  4. 0001275158-25-000036
  5. 0001275158-24-000043
  6. 0001275158-23-000045
  7. 0001275158-23-000033
  8. 0001275158-22-000053
  9. 0001275158-21-000073
  10. 0001275158-20-000055
  11. 0001275158-19-000042
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Noodles & Co executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/NDLS (accessed 2026).
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The paid brief for Noodles & Co

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
Get the executive briefGet the board briefNo account needed.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers Noodles & Co discloses

The companies named in NDLS's own disclosed peer group.

BJ's Restaurants, Inc.Build-A-Bear Workshop, Inc.Chuy's Holdings, Inc.Citi Trends, Inc.Destination XL Group, Inc.El Pollo Loco Holdings, Inc.First Watch Restaurant Group, Inc.Portillo's, Inc.Red Robin Gourmet Burgers, Inc.The Container Store Group, Inc.The ONE Group Hospitality, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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