Michael Bryan Verbarendse - Aug 28, 2023 Form 4 Insider Report for AMERICOLD REALTY TRUST (COLD)

Signature
Marc J. Smernoff, attorney-in-fact
Stock symbol
COLD
Transactions as of
Aug 28, 2023
Transactions value $
$750,004
Form type
4
Date filed
8/30/2023, 04:18 PM
Next filing
Mar 12, 2024

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 Operating Partnership Profits Units Award $750K +22.7K $33.05 22.7K Aug 28, 2023 Common Stock 22.7K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vest 75% on the first anniversary of the grant date with the remaining 25% to vest on the second anniversary of the grant date. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.
F2 (2)Conditioned upon minimum allocations to the capital accounts of the OP Profits Units for federal income tax purposes, each vested 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 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 OP Profits Units into Common Units and redeem Common Units have no expiration dates.

Remarks:

EVP & Chief Operating Officer - North America