James Andrew Harron - Mar 8, 2022 Form 4 Insider Report for AMERICOLD REALTY TRUST (COLD)

Role: EVP & Chief Investment Officer
Signature: /s/ James C. Snyder, Jr., attorney-in-fact
Stock symbol: COLD
Transactions as of: Mar 8, 2022
Transactions value $: -$38,855
Form type: 4
Date filed: 3/10/2022, 03:27 PM
Previous filing: Jan 11, 2022
Next filing: Mar 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COLD	Common Shares of Beneficial Interest	Options Exercise	$0	+1.53K	+10%	$0.00	16.8K	Mar 8, 2022	Direct
transaction	COLD	Common Shares of Beneficial Interest	Options Exercise	$0	+1.48K	+8.8%	$0.00	18.3K	Mar 8, 2022	Direct
transaction	COLD	Common Shares of Beneficial Interest	Options Exercise	$0	+1.84K	+10.06%	$0.00	20.2K	Mar 8, 2022	Direct
transaction	COLD	Common Shares of Beneficial Interest	Tax liability	-$38.9K	-1.44K	-7.13%	$27.02	18.7K	Mar 8, 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	COLD	Restricted Stock Units	Options Exercise	$0	-1.53K	-100%	$0.00^*	0	Mar 8, 2022	Common Shares of Beneficial Interest	1.53K		Direct	F1
transaction	COLD	Restricted Stock Units	Options Exercise	$0	-1.48K	-49.93%	$0.00	1.49K	Mar 8, 2022	Common Shares of Beneficial Interest	1.48K		Direct	F2
transaction	COLD	Restricted Stock Units	Options Exercise	$0	-1.84K	-33.32%	$0.00	3.69K	Mar 8, 2022	Common Shares of Beneficial Interest	1.84K		Direct	F3
transaction	COLD	Restricted Stock Units	Award	$0	+6.94K		$0.00	6.94K	Mar 8, 2022	Common Shares of Beneficial Interest	6.94K		Direct	F4
transaction	COLD	Performance OP Profits Units	Award	$0	+20.8K		$0.00	20.8K	Mar 8, 2022	Common Shares of Beneficial Interest	20.8K		Direct	F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs vested one-third on each of March 8, 2020, 2021 and 2022.
F2	Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's vested one-third on each of March 8, 2021 and 2022 and the remainder will vest on March 8, 2023.
F3	Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs vested one-third on March 8, 2022 and the remainder will vest ratably on March 8, 2023 and 2024.
F4	Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs will vest ratably on March 8, 2023, 2024 and 2025.
F5	Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. Payout of the Performance OP Profits Units will be determined based upon a comparison of the Company's total shareholder return ("TSR") on a relative basis to the MSCI U.S. REIT Index at the end of the applicable performance period (Jan 1, 2022 - Dec 31, 2024). The Performance OP Profits Units will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal.
F6	Conditioned upon minimum allocations to the capital accounts of the Performance OP Profits Units for federal income tax purposes, each vested Performance OP Profits Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a vested Performance OP Profits Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a common share of Americold Realty Trust (the "Company") (the "Common Shares"), except that the Company may, at its election, acquire each Common Unit so presented for one Common Share. The rights to convert vested Performance OP Profits Units into Common Units and redeem Common Units have no expiration dates.