Thomas C. Novosel - Mar 8, 2022 Form 4 Insider Report for AMERICOLD REALTY TRUST (COLD)

Role
Senior Vice President and Chief Accounting Officer
Signature
/s/ James C. Snyder, Jr., attorney-in-fact
Stock symbol
COLD
Transactions as of
Mar 8, 2022
Transactions value $
-$277,294
Form type
4
Date filed
3/10/2022, 03:28 PM
Previous filing
Jan 25, 2022
Next filing
May 18, 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 +1.23K +8.63% $0.00 15.5K Mar 8, 2022 Direct
transaction COLD Common Shares of Beneficial Interest Options Exercise $0 +1.15K +7.42% $0.00 16.6K Mar 8, 2022 Direct
transaction COLD Common Shares of Beneficial Interest Options Exercise $0 +1.32K +7.96% $0.00 17.9K Mar 8, 2022 Direct
transaction COLD Common Shares of Beneficial Interest Tax liability -$29.6K -1.1K -6.12% $27.02 16.8K Mar 8, 2022 Direct
transaction COLD Common Shares of Beneficial Interest Sale -$248K -9K -53.45% $27.52 7.84K Mar 9, 2022 Direct F1

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 -1.23K -33.33% $0.00 2.46K Mar 8, 2022 Common Shares of Beneficial Interest 1.23K Direct F2
transaction COLD Restricted Stock Units Options Exercise $0 -1.15K -100% $0.00* 0 Mar 8, 2022 Common Shares of Beneficial Interest 1.15K Direct F3
transaction COLD Restricted Stock Units Options Exercise $0 -1.32K -49.96% $0.00 1.33K Mar 8, 2022 Common Shares of Beneficial Interest 1.32K Direct F4
transaction COLD Performance OP Profits Units Award $0 +4.63K +100% $0.00 9.25K Mar 8, 2022 Common Shares of Beneficial Interest 4.63K Direct F5, F6
transaction COLD Restricted Stock Units Award $0 +4.63K $0.00* 0 Mar 8, 2022 Common Shares of Beneficial Interest 4.63K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. The common shares were sold in multiple transactions at prices ranging from $27.53 to $27.60, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above.
F2 Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust (the "Company"). The RSUs vested one-third on March 8, 2022 and the remainder will vest ratable on March 8, 2023 and 2024.
F3 Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSUs vested ratably on each of March 8, 2020, 2021 and 2022.
F4 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.
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.
F7 Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's will vest ratably on March 8, 2023, 2024 and 2025.

Remarks:

Senior Vice President and Chief Accounting Officer