Robert E. Harris - 11 Mar 2024 Form 3 Insider Report for AMERICOLD REALTY TRUST (COLD)

Footnote F1

Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's vest ratably on March 8, 2025, 2026 and 2027. The RSUs were issued to the registrant pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

Footnote 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 March 8, 2024 and the remainder will vest ratably on March 8, 2025 and 2026.

Footnote F3

Each performance-based restricted stock unit ("PRSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. Vesting of the PRUs 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, 2022 - Dec. 31, 2024). The RSUs vested at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal. The PRSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.

Footnote F4

Each performance-based restricted stock unit ("PRSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. Vesting of the PRUs is based upon successful completion of a special project. with 50% of the award vesting on each of August 15, 2024 and 2025 if the criteria are met. The PRSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.

Footnote 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 each of March 8, 2023 and 2024 and the remainder will vest on March 8, 2025.

Footnote F6

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, 2024 - Dec 31, 2026). 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.

Footnote F7

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.