FRANQUI ANNETTE 4
4 · Arcos Dorados Holdings Inc. · Filed May 4, 2026
Research Summary
AI-generated summary of this filing
Arcos Dorados (ARCO) Director Annette Franqui Receives Cash-Settled Award
What Happened
Annette Franqui, a director of Arcos Dorados Holdings Inc. (ARCO), had 4,988 Phantom Restricted Stock Units (Phantom RSUs) vest on April 30, 2026. The Phantom RSUs were settled in cash automatically under the award agreement, producing proceeds reported as $44,493 (4,988 × $8.92). The Form 4 shows the derivative exercise and an immediate disposition (cash settlement) — this is a compensation payout, not an open‑market sale of previously held shares.
Key Details
- Transaction date: April 30, 2026. Form filed May 4, 2026 (period of report: 2026-04-30).
- Quantity: 4,988 Phantom RSUs; per‑unit value reported: $8.92; total cash settled: $44,493.
- Transaction code: X (exercise/conversion of an in‑the‑money derivative); filing shows acquisition and immediate disposition entries reflecting cash settlement.
- Shares owned after transaction: not disclosed in the Form 4 summary provided.
- Footnotes: F1 — each Phantom RSU equals the cash equivalent of one Class A share price (plus dividends, if any). F2 — the Phantom RSUs vested and were automatically settled in cash without instruction from the reporting person.
Context
This was a cash‑settled compensation event (Phantom RSU vesting), not a voluntary open‑market purchase or sale of company stock by the director. Such settlements are routine compensation/vesting transactions and do not, by themselves, indicate the insider’s market view.
Insider Transaction Report
- Exercise of In-Money
Class A common share
[F1]2026-04-30+4,988→ 35,928 total - Exercise of In-Money
Class A common share
2026-04-30$8.92/sh−4,988$44,493→ 30,940 total - Exercise of In-Money
Phantom Restricted Stock Unit
[F1][F2]2026-04-30−4,988→ 0 totalFrom: 2026-04-30Exp: 2026-04-30→ Class A common share (4,988 underlying)
Footnotes (2)
- [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.
- [F2]On April 30, 2026, the Phantom RSUs vested and were settled in cash automatically pursuant to the issuer's Phantom RSU Award Agreement, without any instruction from the reporting person.