Alonso Sergio Daniel 4

What Happened

• Alonso Sergio Daniel, a director of Arcos Dorados Holdings Inc. (ARCO), was granted 4,435 Phantom Restricted Stock Units (Phantom RSUs) on May 10, 2026. The filing reports this as an award/derivative transaction (code A). No per-share price or immediate cash value is provided in the Form 4 — these Phantom RSUs are cash-settled at vesting rather than issuance of Class A shares.

Key Details

• Transaction date: 2026-05-10; Form 4 filed: 2026-05-12 (timely filing).
• Amount: 4,435 Phantom RSUs granted. Price/value: N/A in the filing (derivative).
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes:
  • F1 — Each Phantom RSU equals the cash equivalent of the closing price of one Class A share on the vesting date, plus any dividends paid since the grant date.
  • F2 — The award was issued under the issuer’s Phantom RSU compensation policy, without instruction from the reporting person.
• Transaction type: Derivative award (cash-settled); code A on Form 4.

Context

• Phantom RSUs are cash-settled awards: they do not transfer actual shares at grant and do not by themselves increase or dilute outstanding share count until (and unless) cash is paid at vesting. Such awards are typically part of routine director/executive compensation and do not necessarily signal a buy or sell decision by the insider.