Robert Scott Chambers - Nov 28, 2023 Form 4 Insider Report for AMERICOLD REALTY TRUST (COLD)

Role
EVP, Chief Commercial Officer
Signature
Marc J. Smernoff, attorney-in-fact
Stock symbol
COLD
Transactions as of
Nov 28, 2023
Transactions value $
-$256,802
Form type
4
Date filed
11/29/2023, 04:27 PM
Previous filing
Mar 10, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COLD Common Stock Sale -$257K -9.1K -100% $28.22 0 Nov 28, 2023 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 Performance OP Profits Units Options Exercise $0 -9.1K -76.7% $0.00 2.77K Nov 28, 2023 Common Stock 9.1K $0.00 Direct F2, F3
* 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. These common shares were sold in multiple transactions at prices ranging from $28.22 to $28.23, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full in information regarding the number of common shares sold at each separate price within the range set forth above.
F2 The Performance-based Operating Profits Units ("POPUs") were originally granted to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan on March 8, 2020. Vesting of the POPUs was 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, 2020 - Dec. 31, 2022). The POPUs vested at the end of the 3-year period based upon achievement of 83% of the pre-established TSR goal.
F3 Conditioned upon minimum allocations to the capital accounts of the POPUs for federal income tax purposes, each vested POPU 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 POPU 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 POPUs into Common Units and redeem Common Units have no expiration dates.