Arcos Dorados chairman files initial holdings

Arcos Dorados Holdings Inc. director and Executive Chairman Staton Woods filed an initial ownership report showing significant economic exposure to the company.

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director and Executive Chairman Staton Woods filed an initial ownership report showing significant economic exposure to the company. He holds 106,129 Class A common shares directly and indirect ownership of 80,000,000 Class B common shares through Los Laureles Ltd., each convertible into one Class A share subject to McDonald’s prior written approval and certain ownership thresholds. He also holds Phantom Restricted Stock Units tied to 58,207, 49,505 and 72,007 underlying Class A shares that vest in 2026, 2027 and 2028, respectively, and are settled in cash based on the Class A share price plus dividends.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Staton Woods

Role Executive Chairman

Type	Security	Shares	Price	Value
holding	Phantom Restricted Stock Unit	--	--	--
holding	Phantom Restricted Stock Unit	--	--	--
holding	Phantom Restricted Stock Unit	--	--	--
holding	Class B common share	--	--	--
holding	Class A common share	--	--	--

Holdings After Transaction: Phantom Restricted Stock Unit — 179,719 contracts (Direct); Class B common share — 80,000,000 contracts (Indirect, Held by Los Laureles Ltd.); Class A common share — 106,129 shares (Direct)

Footnotes (2)

1. F1. Each Phantom Restricted Stock Unit ("Phantom RSU") represents the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid on the Class A common share, if any, since the grant date. The date exercisable and expiration date represent the vesting date for this Phantom RSU. Each Phantom RSU will be settled in cash promptly following the vesting date.
2. F2. Each Class B common share is convertible into one Class A common share at the option of the reporting person, subject to the prior written approval of McDonald's Corporation. In addition, each Class B common share will convert automatically into one Class A common share at such time as the reporting person ceases to hold, directly or indirectly, at least 20% of the aggregate number of outstanding Class A and Class B common shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Arcos Dorados (ARCO) Form 3 filing by Staton Woods show?

The Form 3 shows Executive Chairman Staton Woods’ initial beneficial ownership in Arcos Dorados, including direct Class A shares, a large indirect Class B stake via Los Laureles Ltd., and multiple Phantom Restricted Stock Units settled in cash based on Class A share performance.

How many Arcos Dorados (ARCO) Class A shares does Staton Woods hold directly?

Staton Woods directly holds 106,129 Arcos Dorados Class A common shares. This is his recorded direct equity position, separate from his Phantom Restricted Stock Units and the large indirect Class B common share holdings reported as being held through Los Laureles Ltd.

What is the indirect Arcos Dorados (ARCO) stake held through Los Laureles Ltd.?

The filing reports 80,000,000 Class B common shares held indirectly through Los Laureles Ltd. Each Class B share is convertible into one Class A common share at Staton Woods’ option, subject to McDonald’s prior written approval and an automatic conversion condition linked to ownership levels.

How do the Phantom Restricted Stock Units work for Arcos Dorados (ARCO)?

Each Phantom Restricted Stock Unit represents the cash equivalent of one Class A share’s closing price on vesting, plus any dividends since grant. These Phantom RSUs vest on specified future dates and are settled in cash promptly after vesting, not in actual Arcos Dorados shares.

What future vesting dates are disclosed for Arcos Dorados (ARCO) Phantom RSUs?

The filing discloses Phantom Restricted Stock Units tied to 58,207, 49,505 and 72,007 underlying Class A shares that vest on May 10, 2026, May 10, 2027 and May 10, 2028, respectively. Each will be settled in cash after its vesting date.

Does the Arcos Dorados (ARCO) Form 3 report any insider buying or selling?

The Form 3 is an initial statement of beneficial ownership and does not report open-market buying or selling. It lists existing holdings: direct Class A shares, indirect Class B shares via Los Laureles Ltd., and several Phantom Restricted Stock Unit awards with future vesting dates.

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Accepted by SEC EDGAR 03/18/2026 - 11:40 AM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Staton Woods

(Last) (First) (Middle)

RIO NEGRO 1338, FIRST FLOOR

(Street)

MONTEVIDEO 11100

(City) (State) (Zip)

URUGUAY

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Arcos Dorados Holdings Inc. [ ARCO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A common share	106,129	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Restricted Stock Unit	05/10/2026(1)	05/10/2026(1)	Class A common share	58,207	(1)	D
Phantom Restricted Stock Unit	05/10/2027(1)	05/10/2027(1)	Class A common share	49,505	(1)	D
Phantom Restricted Stock Unit	05/10/2028(1)	05/10/2028(1)	Class A common share	72,007	(1)	D
Class B common share	(2)	(2)	Class A common share	80,000,000	(2)	I	Held by Los Laureles Ltd.

Explanation of Responses:

1. Each Phantom Restricted Stock Unit ("Phantom RSU") represents the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid on the Class A common share, if any, since the grant date. The date exercisable and expiration date represent the vesting date for this Phantom RSU. Each Phantom RSU will be settled in cash promptly following the vesting date.

2. Each Class B common share is convertible into one Class A common share at the option of the reporting person, subject to the prior written approval of McDonald's Corporation. In addition, each Class B common share will convert automatically into one Class A common share at such time as the reporting person ceases to hold, directly or indirectly, at least 20% of the aggregate number of outstanding Class A and Class B common shares.

Remarks:

	/s/ Roman Ajzen, attorney-in-fact on behalf of Woods Staton	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)