Michael Chu's Phantom RSU Settlement and Stock Transactions at Arcos Dorados

This SEC Form 4 filing reports transactions by Michael Chu, a director of Arcos Dorados Holdings Inc. (ARCO). The filing details the automatic settlement of 4,988 Phantom Restricted Stock Units (Phantom RSUs) on April 30, 2026, which vested and were settled in cash at $8.92 per share, representing the cash equivalent of the closing price of Class A common shares. The Phantom RSUs were settled automatically per the company's award agreement without any instruction from Chu. Concurrently, there was a corresponding acquisition and disposition of 4,988 Class A common shares at $0.00 and $8.92 per share respectively, resulting in no net change in Chu's direct holdings. Following these transactions, Chu indirectly holds 10,796 Class A common shares through The Michael Chu Trust. The filing was signed on May 4, 2026, by Roman Ajzen as attorney-in-fact for Michael Chu.