Form 4: Marcelo Rabach Receives Phantom RSU Grant at Arcos Dorados

Director Marcelo Rabach was granted 4,435 Phantom Restricted Stock Units as part of Arcos Dorados Holdings Inc.'s compensation policy.

Summary

• Director Marcelo Rabach received a grant of 4,435 Phantom Restricted Stock Units (RSUs) on May 10, 2026.
• The Phantom RSUs are set to vest on April 30, 2027.
• Each unit represents the cash equivalent of the closing price of one Class A common share on the vesting date, plus accrued dividends.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative disclosure regarding director compensation with no material impact on company operations or financial health.

Positives

• The grant aligns the director's compensation with the company's share price performance, incentivizing long-term value creation.

Negatives

• None identified.

Risks

• The value of the compensation is subject to market volatility of the company's Class A common shares.

Future Outlook

The Phantom RSUs will vest on April 30, 2027, at which point the director will receive a cash payment equivalent to the share price at that time.

Management Comments

• The Phantom RSUs were issued pursuant to the issuer's Phantom RSU compensation policy, without any instruction from the reporting person.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors is a standard corporate governance practice in the restaurant and retail sector to ensure alignment between leadership and shareholder interests.

Comparison to Industry Standards

• The use of Phantom RSUs is a common practice among multinational corporations to provide equity-like incentives without immediate share dilution.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation arrangement.

Next Steps

• Vesting of the Phantom RSUs on April 30, 2027.

Key Dates

Keywords

Arcos Dorados, ARCO, Phantom RSU, Insider Compensation, Director Transaction