Arcos Dorados director reports initial ARCO holdings

Arcos Dorados Holdings Inc. director Michael Chu filed an initial ownership report detailing his positions in the company’s securities.

Filing Impact

(Moderate)

Filing Sentiment

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Form Type

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.

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 contracts (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.

FAQ

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

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.

How many ARCO Class A shares are held by The Michael Chu Trust?

The filing shows 10,796 Class A common shares held indirectly through The Michael Chu Trust. This trust position represents part of Michael Chu’s reported beneficial ownership, separate from his Phantom Restricted Stock Unit compensation awards.

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.

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

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Accepted by SEC EDGAR 03/18/2026 - 11:25 AM EDT

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^*

CHU MICHAEL

(Last)

(First)

(Middle)

1450 BRICKELL AVENUE, STE 2530

(Street)

MIAMI

FLORIDA

33131

(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	10,796	I	Held by The Michael Chu Trust

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 Michael Chu	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