Arcos Dorados (ARCO) director Michael Chu details initial holdings
Rhea-AI Filing Summary
Arcos Dorados Holdings Inc. director Michael Chu filed an initial ownership report detailing his positions in the company’s securities. The filing shows 4,988 Phantom Restricted Stock Units, each tied to the value of one Class A common share and scheduled to vest on April 30, 2026, with settlement in cash after vesting. It also reports 10,796 Class A common shares held indirectly through The Michael Chu Trust, reflecting his current direct and indirect economic exposure rather than any new market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CHU MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Phantom Restricted Stock Unit | -- | -- | -- |
| holding | Class A common share | -- | -- | -- |
Holdings After Transaction:
Phantom Restricted Stock Unit — 4,988 shares (Direct);
Class A common share — 10,796 shares (Indirect, Held by The Michael Chu Trust)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Michael Chu report in his Form 3 for Arcos Dorados (ARCO)?
Michael Chu reported his initial ownership in Arcos Dorados, including 4,988 Phantom Restricted Stock Units and 10,796 Class A common shares held indirectly through The Michael Chu Trust, reflecting his starting economic interest as a director.
How do Michael Chu’s Phantom Restricted Stock Units in ARCO work?
Each Phantom Restricted Stock Unit represents the cash equivalent of one Class A common share’s closing price on the vesting date, plus any dividends since grant. They vest on April 30, 2026 and are settled in cash rather than shares.
Does Michael Chu’s Form 3 for ARCO show any stock purchases or sales?
The Form 3 lists holdings only and does not show any explicit stock purchases or sales. It records existing positions in Phantom Restricted Stock Units and Class A common shares as of the reporting date for disclosure purposes.
When do Michael Chu’s ARCO Phantom RSUs vest and expire?
The Phantom Restricted Stock Units vest and expire on April 30, 2026, according to the filing. On that vesting date, each unit is valued at the closing price of one Class A common share, plus accumulated dividends, and then settled in cash.