Arcos Dorados (ARCO) director discloses 4,988 cash-settled phantom RSUs

Rhea-AI Filing Summary

Arcos Dorados Holdings Inc. director Cristina Presz Palmaka De Luca filed an initial ownership report showing she holds Phantom Restricted Stock Units linked to 4,988 Class A common shares. Each unit represents the cash equivalent of the closing price of one Class A share on the vesting date, plus any dividends since grant, and will be settled in cash promptly after vesting on April 30, 2026.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider De Luca Cristina Presz Palmaka

Role Director

Type	Security	Shares	Price	Value
holding	Phantom Restricted Stock Unit	--	--	--

Holdings After Transaction: Phantom Restricted Stock Unit — 4,988 shares (Direct)

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.

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

FAQ

What insider position did De Luca report in Arcos Dorados (ARCO)?

De Luca reported holding Phantom Restricted Stock Units tied to 4,988 Class A common shares. These units track the closing share price on vesting plus dividends since grant and will be settled entirely in cash after the vesting date of April 30, 2026.

What are Phantom Restricted Stock Units reported for Arcos Dorados (ARCO)?

The Phantom Restricted Stock Units each mirror one Class A common share’s closing price on the vesting date. They also reflect any dividends paid since grant and are not settled in shares; instead, they are paid out in cash promptly after vesting on April 30, 2026.

How many underlying Class A shares are linked to the ARCO Phantom RSUs?

The Phantom Restricted Stock Units are linked to 4,988 underlying Class A common shares. Each unit represents the cash value of one share’s closing price at vesting, plus any dividends since grant, and will be settled in cash after the April 30, 2026 vesting date.

When do the Phantom RSUs for Arcos Dorados (ARCO) vest and expire?

Both the exercisable date and expiration date for the Phantom Restricted Stock Units are April 30, 2026. This date functions as the vesting date, after which each unit is settled in cash based on the closing Class A share price and accumulated dividends since grant.

Will the ARCO Phantom RSUs be paid in shares or cash?

The Phantom Restricted Stock Units will be settled in cash, not shares. Each unit pays the cash equivalent of the closing price of one Class A common share on the vesting date, plus any dividends paid since the grant date, promptly following vesting on April 30, 2026.

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^*

De Luca Cristina Presz Palmaka

(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)

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 Cristina Palmaka	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)