Arcos Dorados director reports initial ARCO holdings

Arcos Dorados Holdings Inc. director Sergio Daniel Alonso filed an initial ownership report showing his equity interests in the company.

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director Sergio Daniel Alonso filed an initial ownership report showing his equity interests in the company. He reports Phantom Restricted Stock Units that reference 4,988 Class A common shares, which vest on April 30, 2026 and will be settled in cash based on the closing share price plus any dividends since grant. He also reports indirect ownership of 238,935 Class A common shares held through Taribo Capital Limited, reflecting a significant associated equity position.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Alonso Sergio Daniel

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 — 238,935 shares (Indirect, Held by Taribo Capital Limited)

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.

FAQ

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

What does the Form 3 filing by Sergio Daniel Alonso at ARCO show?

The Form 3 shows Sergio Daniel Alonso’s initial ownership in Arcos Dorados. It reports 4,988 Phantom Restricted Stock Units tied to Class A shares and 238,935 Class A common shares held indirectly through Taribo Capital Limited as of the reported date.

How many Phantom Restricted Stock Units does Alonso report for Arcos Dorados (ARCO)?

Alonso reports Phantom Restricted Stock Units referencing 4,988 Class A common shares. Each unit represents the cash equivalent of one Class A share’s closing price on vesting, plus any dividends since grant, and will be settled in cash after the vesting date.

When do Sergio Daniel Alonso’s Phantom RSUs at Arcos Dorados vest?

The Phantom Restricted Stock Units vest on April 30, 2026. On that vesting date, each unit becomes payable in cash based on the closing price of one Class A common share plus any dividends paid since the original grant date.

Are Alonso’s Phantom RSUs in Arcos Dorados settled in stock or cash?

The Phantom Restricted Stock Units are settled entirely in cash. Each unit pays the cash equivalent of one Class A common share’s closing price on the vesting date, plus any dividends paid on that share between the original grant date and vesting.

How many Arcos Dorados Class A shares are indirectly held through Taribo Capital Limited?

The filing reports 238,935 Class A common shares held indirectly through Taribo Capital Limited. These shares are attributed as indirect ownership for Sergio Daniel Alonso, reflecting equity held via this related entity rather than in his own name.

Does the Form 3 for ARCO show any recent insider buying or selling by Alonso?

The Form 3 does not show explicit insider buying or selling activity. It is an initial ownership report listing existing Phantom Restricted Stock Units and indirect Class A share holdings, rather than documenting new purchase or sale transactions.

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

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Accepted by SEC EDGAR 03/18/2026 - 11:27 AM Learn about SEC filing dates

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^*

Alonso Sergio Daniel

(Last) (First) (Middle)

RIO NEGRO 1338, FIRST FLOOR

(Street)

MONTEVIDEO 11100

(City) (State) (Zip)

URUGUAY

(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	238,935	I	Held by Taribo Capital Limited

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	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 Sergio Daniel Alonso	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)