Arcos Dorados director reports initial holdings

Arcos Dorados Holdings Inc. director Jose Raul Fernandez filed an initial ownership report showing his current interests in the company.

Accepted by SEC EDGAR 03/18/2026 - 11:29 AM EDT

Filing Impact

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director Jose Raul Fernandez filed an initial ownership report showing his current interests in the company. He directly holds 44,203 Class A common shares. He also holds Phantom Restricted Stock Units referencing 4,988 Class A common shares, which will vest on April 30, 2026 and be settled in cash based on the share price and any dividends at vesting.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Fernandez Jose Raul

Role Director

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

Holdings: Phantom Restricted Stock Unit — 4,988 contracts (Direct); Class A common share — 44,203 shares (Direct)

Footnotes (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.

FAQ

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

What does the Arcos Dorados (ARCO) Form 3 filing by Jose Raul Fernandez show?

The Form 3 shows director Jose Raul Fernandez’s initial ownership in Arcos Dorados. He reports 44,203 Class A common shares held directly and Phantom Restricted Stock Units referencing 4,988 shares that will be settled in cash after vesting on April 30, 2026.

How many Arcos Dorados (ARCO) Class A shares does Jose Raul Fernandez hold directly?

Jose Raul Fernandez holds 44,203 Arcos Dorados Class A common shares directly. This figure comes from the ownership table in the Form 3 and represents his reported direct equity position, separate from any cash-settled Phantom Restricted Stock Units linked to the share price.

What are the Phantom Restricted Stock Units reported in the Arcos Dorados (ARCO) Form 3?

The Phantom Restricted Stock Units represent a cash amount equal to the closing price of one Class A share on vesting, plus any dividends since grant. Fernandez’s position references 4,988 underlying shares and will be settled in cash rather than stock after vesting.

When do Jose Raul Fernandez’s Phantom RSUs tied to Arcos Dorados (ARCO) vest?

The Phantom Restricted Stock Units vest on April 30, 2026. On that vesting date, each unit will be valued at the closing price of an Arcos Dorados Class A share plus accumulated dividends, and then promptly settled in cash according to the plan terms.

Does the Arcos Dorados (ARCO) Form 3 show any insider buying or selling by Jose Raul Fernandez?

The Form 3 does not report any insider buying or selling transactions. It is an initial ownership statement listing existing direct holdings of 44,203 Class A shares and a cash-settled Phantom RSU award referencing 4,988 underlying shares as of the filing date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Fernandez Jose Raul

(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)
Class A common share	44,203	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)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	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)
Phantom Restricted Stock Unit	04/30/2026⁽¹⁾	04/30/2026⁽¹⁾	Class A common share	4,988	⁽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 Jose Raul Fernandez	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)

Source: View Original Filing on SEC EDGAR