Arcos Dorados director reports share and RSU holdings

Q: What does the Form 3 for Arcos Dorados (ARCO) disclose about Annette Franqui?

The Form 3 shows director Annette Franqui’s initial holdings, including 30,940 Class A common shares and Phantom RSUs tied to 4,988 underlying shares, giving investors a baseline view of her equity-linked stake.

Q: How many Arcos Dorados (ARCO) shares does Annette Franqui directly own?

Annette Franqui directly owns 30,940 Class A common shares of Arcos Dorados. This figure reflects her reported direct equity stake as a director at the time of the Form 3 filing, separate from her phantom stock units.

Q: What are the Phantom Restricted Stock Units reported in ARCO’s Form 3?

The Form 3 lists Phantom Restricted Stock Units each representing the cash equivalent of one Class A common share’s closing price on vesting, plus dividends since grant, providing cash-settled exposure rather than actual share delivery.

Q: How many Phantom RSUs tied to Arcos Dorados shares does Annette Franqui hold?

Annette Franqui holds Phantom RSUs linked to 4,988 underlying Class A common shares. These units provide cash payments based on the share price and dividends at vesting, rather than issuing new shares.

Q: When do Annette Franqui’s Arcos Dorados Phantom RSUs vest and expire?

The Phantom RSUs vest and expire on April 30, 2026. On this vesting date, each unit will be settled in cash promptly afterward, based on the Class A common share’s closing price and any dividends since grant.

Q: Does the ARCO Form 3 show any stock purchases or sales by Annette Franqui?

The Form 3 does not report any purchases or sales of Arcos Dorados shares. It only records Annette Franqui’s existing holdings in Class A common shares and cash-settled Phantom RSUs as her initial ownership disclosure.

Arcos Dorados Holdings Inc. director Annette Franqui filed an initial statement of beneficial ownership.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director Annette Franqui filed an initial statement of beneficial ownership. She reports direct ownership of 30,940 Class A common shares. She also holds Phantom Restricted Stock Units tied to 4,988 underlying Class A common shares, which vest and expire on April 30, 2026 and will be settled in cash based on the share price and any dividends.

This filing records her starting equity-linked position as a director and does not report any share purchases or sales.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FRANQUI ANNETTE

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 — 30,940 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 Form 3 for Arcos Dorados (ARCO) disclose about Annette Franqui?

The Form 3 shows director Annette Franqui’s initial holdings, including 30,940 Class A common shares and Phantom RSUs tied to 4,988 underlying shares, giving investors a baseline view of her equity-linked stake.

How many Arcos Dorados (ARCO) shares does Annette Franqui directly own?

Annette Franqui directly owns 30,940 Class A common shares of Arcos Dorados. This figure reflects her reported direct equity stake as a director at the time of the Form 3 filing, separate from her phantom stock units.

What are the Phantom Restricted Stock Units reported in ARCO’s Form 3?

The Form 3 lists Phantom Restricted Stock Units each representing the cash equivalent of one Class A common share’s closing price on vesting, plus dividends since grant, providing cash-settled exposure rather than actual share delivery.

How many Phantom RSUs tied to Arcos Dorados shares does Annette Franqui hold?

Annette Franqui holds Phantom RSUs linked to 4,988 underlying Class A common shares. These units provide cash payments based on the share price and dividends at vesting, rather than issuing new shares.

When do Annette Franqui’s Arcos Dorados Phantom RSUs vest and expire?

The Phantom RSUs vest and expire on April 30, 2026. On this vesting date, each unit will be settled in cash promptly afterward, based on the Class A common share’s closing price and any dividends since grant.

Does the ARCO Form 3 show any stock purchases or sales by Annette Franqui?

The Form 3 does not report any purchases or sales of Arcos Dorados shares. It only records Annette Franqui’s existing holdings in Class A common shares and cash-settled Phantom RSUs as her initial ownership disclosure.

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

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Accepted by SEC EDGAR 03/18/2026 - 11:23 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^*

FRANQUI ANNETTE

(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	30,940	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 Annette Franqui	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