Director at Arcos Dorados (ARCO) reports cash-settled Phantom RSU awards

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director Francisco Alberto Staton filed an initial ownership report showing holdings of cash-settled Phantom Restricted Stock Units linked to the company’s Class A common shares. These instruments track share value but are paid in cash rather than delivering stock.

He reports Phantom RSUs tied to 13,033 underlying Class A common shares vesting on May 10, 2026, and additional Phantom RSUs tied to 12,905 underlying Class A common shares vesting on May 10, 2027. Each unit pays the closing share price on the vesting date plus any dividends since grant.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Staton Francisco Alberto

Role Director

Type	Security	Shares	Price	Value
holding	Phantom Restricted Stock Unit	--	--	--
holding	Phantom Restricted Stock Unit	--	--	--

Holdings After Transaction: Phantom Restricted Stock Unit — 25,938 shares (Direct)

Footnotes (1)

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.

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Accepted by SEC EDGAR 03/18/2026 - 11:38 AM Learn about SEC filing dates

FAQ

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

The Form 3 shows Francisco Alberto Staton’s initial holdings of Phantom Restricted Stock Units tied to Arcos Dorados Class A common shares. These awards are cash-settled based on the share price at vesting, plus dividends accrued since the grant date.

How many Phantom Restricted Stock Units does Francisco Alberto Staton report for ARCO?

He reports Phantom Restricted Stock Units linked to 13,033 underlying Class A common shares vesting in 2026 and 12,905 underlying shares vesting in 2027. These figures indicate the size of his cash-settled equity-linked compensation exposure at Arcos Dorados.

When do Francisco Alberto Staton’s Phantom RSUs for Arcos Dorados (ARCO) vest?

One Phantom RSU tranche vests on May 10, 2026, and another on May 10, 2027. On each vesting date, the units are settled in cash based on the closing Class A share price and dividends since grant.

Are the Phantom RSUs in the Arcos Dorados (ARCO) Form 3 settled in stock or cash?

The Phantom Restricted Stock Units are settled in cash, not stock. Each unit pays the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid since the grant date.

Does the Arcos Dorados (ARCO) Form 3 indicate any insider share purchases or sales?

No, the Form 3 lists existing holdings of Phantom Restricted Stock Units but shows no buy or sell transactions. It establishes Francisco Alberto Staton’s starting position in these cash-settled, share-linked awards as a company director.

What underlying security is referenced by the Phantom RSUs in the ARCO Form 3?

Each Phantom Restricted Stock Unit references one Arcos Dorados Class A common share as the underlying security. Payouts are based on that share’s closing price on the vesting date, plus any dividends declared from the original grant date.

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 Francisco Alberto

(Last) (First) (Middle)

RIO NEGRO 1338, FIRST FLOOR

(Street)

MONTEVIDEO 11100

(City) (State) (Zip)

UNITED STATES

(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
	Officer (give title below)		Other (specify below)

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)

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	13,033	(1)	D
Phantom Restricted Stock Unit	05/10/2027(1)	05/10/2027(1)	Class A common share	12,905	(1)	D

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.

Remarks:

	/s/ Roman Ajzen, attorney-in-fact on behalf of Francisco 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)