Executive chairman of Arcos Dorados (NYSE: ARCO) reports major stake
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.
Positive
- None.
Negative
- None.
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 shares (Direct);
Class B common share — 80,000,000 shares (Indirect, Held by Los Laureles Ltd.);
Class A common share — 106,129 shares (Direct)
Footnotes (2)
- 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.
- 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
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.
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.