Americold (COLD) director awarded 16,218 OP Profits Units tied to common stock
Rhea-AI Filing Summary
Americold Realty Trust director Mark R. Patterson received an equity-based award of 16,218 Operating Partnership Profits Units. These derivative units relate to 16,218 shares of common stock and were granted at a price of $0.00 per unit as part of compensation.
The OP Profits Units vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting after the grant. Once vested and subject to tax allocation conditions, each unit can be converted into a partnership Common Unit, which the holder may later redeem for cash equal to the fair market value of one share of Americold common stock, or the company may instead deliver one share of common stock per Common Unit.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patterson Mark R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Operating Partnership Profits Units | 16,218 | $0.00 | $0.00 |
Holdings After Transaction:
Operating Partnership Profits Units — 16,218 shares (Direct)
Footnotes (2)
- F1. Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting of Americold Realty Trust, Inc. stockholders following the grant date. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.
- F2. 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, 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 OP Profits Units into Common Units and redeem Common Units have no expiration dates.
Key Figures
OP Profits Units granted: 16,218 units
Underlying common stock: 16,218 shares
Grant price per unit: $0.00 per unit
+1 more
4 metrics
OP Profits Units granted
16,218 units
Equity award on 2026-05-18
Underlying common stock
16,218 shares
Shares tied to granted OP Profits Units
Grant price per unit
$0.00 per unit
Compensation award, not open-market purchase
Units held after grant
16,218 units
Total Operating Partnership Profits Units following transaction
Key Terms
Operating Partnership Profits Units, Americold Realty Trust 2017 Equity Incentive Plan, Common Unit, redemption for cash
4 terms
Operating Partnership Profits Units financial
"Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P."
Americold Realty Trust 2017 Equity Incentive Plan financial
"The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan."
Common Unit financial
"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")."
A common unit is a single piece of ownership in a company, fund, or trust—similar to an ordinary share but often used for pooled vehicles or listings where securities are packaged or governed differently. It matters to investors because each unit represents a claim on profits and, commonly, voting power; like holding a seat at a table, the number of units you own affects your share of returns and influence, and unit structures can also affect liquidity and tax treatment.
redemption for cash financial
"Each Common Unit acquired upon conversion of a vested 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. common stock"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Americold (COLD) report for Mark R. Patterson?
Americold reported that director Mark R. Patterson received 16,218 Operating Partnership Profits Units as a compensation award. These derivative units relate to 16,218 shares of common stock and were granted at a price of $0.00 per unit under the company’s equity plan.
How many Americold OP Profits Units were granted in this Form 4 filing?
The filing shows a grant of 16,218 Operating Partnership Profits Units to director Mark R. Patterson. Each OP Profits Unit is tied to one underlying share of Americold common stock, creating potential future equity exposure if the units vest and are converted.
When do the Americold OP Profits Units granted to Mark R. Patterson vest?
The OP Profits Units vest on the earlier of the first anniversary of the grant date or the date of the next annual Americold stockholder meeting. This time-based vesting schedule links the award to Patterson’s continued service as a director for at least one of those milestones.
How can Americold OP Profits Units become common stock for the holder?
Once vested and after certain tax allocation conditions are met, each OP Profits Unit may be converted into a partnership Common Unit. Each Common Unit can then be redeemed for cash equal to the fair market value of one Americold share, or one share of common stock at the company’s election.
Did Mark R. Patterson buy or sell Americold stock in the open market?
No open-market buy or sell is reported here. The Form 4 describes a grant-type acquisition coded “A,” meaning Patterson received 16,218 Operating Partnership Profits Units as an award rather than purchasing or selling Americold shares on the market.