Americold (COLD) director awarded 12,422 OP Profits Units tied to common stock

Rhea-AI Filing Summary

Americold Realty Trust director Stephen R. Sleigh received a grant of 12,422 Operating Partnership Profits Units as equity compensation. These derivative units correspond to 12,422 shares of common stock on an as-converted basis. Following this grant, he holds 12,422 OP Profits Units directly.

The OP Profits Units were issued under the Americold Realty Trust 2017 Equity Incentive Plan and vest on the earlier of the first anniversary of the grant date or the next annual stockholder meeting after the grant date. Once vested and after certain tax allocation conditions are met, each unit may be converted into a common partnership unit and then redeemed for cash equal to the fair market value of one Americold share, or, at the company’s election, exchanged for one share of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sleigh Stephen R.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Operating Partnership Profits Units	12,422	$0.00	--

Holdings After Transaction: Operating Partnership Profits Units — 12,422 shares (Direct, null)

Footnotes (1)

1. 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. 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: 12,422 units Underlying common stock: 12,422 shares Total OP Profits Units after grant: 12,422 units +1 more

4 metrics

OP Profits Units granted 12,422 units Grant to director Stephen R. Sleigh on May 18, 2026

Underlying common stock 12,422 shares Common Stock linked to OP Profits Units on an as-converted basis

Total OP Profits Units after grant 12,422 units Direct holdings following reported transaction

Grant price per unit $0.00 per unit Equity incentive grant with no cash paid by director

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 ... may, at the election of the holder, be presented for redemption for cash equal to the then fair market value of a share"

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sleigh Stephen R.

(Last) (First) (Middle)

C/O AMERICOLD REALTY TRUST

10 GLENLAKE PKWY, SUITE 600

(Street)

ATLANTA GEORGIA 30328

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AMERICOLD REALTY TRUST [ COLD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Operating Partnership Profits Units(1)	(2)	05/18/2026		A		12,422		(2)	(2)	Common Stock	12,422	$0	12,422	D

Explanation of Responses:

1. 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.

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, 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.

	/s/ Nathan H. Harwell, attorney-in-fact	05/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Americold (COLD) director Stephen R. Sleigh report in this Form 4?

Stephen R. Sleigh reported receiving 12,422 Operating Partnership Profits Units as equity compensation. These derivative units were granted at a price of $0.00 under Americold Realty Trust’s 2017 Equity Incentive Plan and are tied to the company’s common stock.

How many OP Profits Units did the Americold (COLD) director receive?

He received 12,422 OP Profits Units in the Operating Partnership. Each unit is linked to 1 share of Americold Realty Trust common stock on an as-converted basis, and his total holdings after the grant are 12,422 OP Profits Units.

When do the Americold (COLD) OP Profits Units granted to the director vest?

The OP Profits Units 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, aligning vesting with the company’s governance calendar.

Can the Americold (COLD) OP Profits Units be converted into common stock?

Once vested and after certain tax allocation conditions are met, each OP Profits Unit may be converted into a Common Unit in the Operating Partnership. Each Common Unit can then be redeemed for cash or, at the company’s election, exchanged for one share of common stock.

Did Americold (COLD) director Sleigh buy or sell stock on the market in this filing?

No open-market buy or sell is reported. The filing shows a grant of 12,422 OP Profits Units at $0.00 as compensation, not a purchase or sale of existing Americold common shares on the open market.

Do the Americold (COLD) OP Profits Units granted have an expiration date?

The filing states the rights to convert vested OP Profits Units into Common Units and redeem those Common Units for cash or stock have no expiration dates, providing ongoing flexibility once the vesting and tax conditions are satisfied.