Thomas C. Novosel - 08 Mar 2023 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
Issuer symbol
COLD
Transactions as of
08 Mar 2023
Net transactions value
-$41,358
Form type
4
Filing time
10 Mar 2023, 15:26:24 UTC
Previous filing
10 Jan 2023
Next filing
14 Nov 2023
SEC
View on sec.gov

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 +1,325 +26% $0.000000 6,401 08 Mar 2023 Direct
transaction COLD Common Shares of Beneficial Interest Tax liability $14,073 -474 -7.4% $29.69 5,927 08 Mar 2023 Direct
transaction COLD Common Shares of Beneficial Interest Options Exercise $0 +1,542 +26% $0.000000 7,469 08 Mar 2023 Direct
transaction COLD Common Shares of Beneficial Interest Tax liability $14,222 -479 -6.4% $29.69 6,990 08 Mar 2023 Direct
transaction COLD Common Shares of Beneficial Interest Options Exercise $0 +1,229 +18% $0.000000 8,219 08 Mar 2023 Direct
transaction COLD Common Shares of Beneficial Interest Tax liability $13,064 -440 -5.4% $29.69 7,779 08 Mar 2023 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 -1,325 -100% $0.000000* 0 08 Mar 2023 Common Shares of Beneficial Interest 1,325 $0.000000 Direct F1
transaction COLD Restricted Stock Units Award $0 +4,210 $0.000000 4,210 08 Mar 2023 Common Stock 4,210 $0.000000 Direct F2
transaction COLD Performance OP Profits Units Award $0 +4,210 $0.000000 4,210 08 Mar 2023 Common Stock 4,210 $0.000000 Direct F3, F4
transaction COLD Restricted Stock Units Options Exercise $0 -1,542 -50% $0.000000 1,542 08 Mar 2023 Common Stock 1,542 $0.000000 Direct F5
transaction COLD Restricted Stock Units Options Exercise $0 -1,229 -50% $0.000000 1,229 08 Mar 2023 Common Stock 1,229 $0.000000 Direct 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 share of Americold Realty Trust, Inc. common stock. The RSU's vested one-third on each of March 8, 2021 and 2022 and 2023.
F2 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, 2024, 2025 and 2026. The RSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.
F3 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, 2023 - Dec 31, 2025). 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. The Performance OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.
F4 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, at the election of the holder, be presented for redemption for cash equal to the then fair market value of a share of Americold Realty Trust, Inc. (the "Company") common stock (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested Performance OP Profits Units into Common Units and redeem Common Units have no expiration dates.
F5 Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's vested one-third on March 8, 2023 and the remainder will vest ratably on March 8, 2024 and 2025.
F6 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, 2022, and 2023 and the remainder will vest on March 8, 2024.

Remarks:

Senior Vice President and Chief Accounting Officer