Americold director granted 12,422 OP Profits Units
Americold Realty Trust director Stephen R. Sleigh received a grant of 12,422 Operating Partnership Profits Units as equity compensation.
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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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Operating Partnership Profits Units | 12,422 | $0.00 | $0.00 |
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
Key Terms
Operating Partnership Profits Units financial
Americold Realty Trust 2017 Equity Incentive Plan financial
Common Unit financial
redemption for cash financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Americold (COLD) director Stephen R. Sleigh report in this Form 4?
How many OP Profits Units did the Americold (COLD) director receive?
When do the Americold (COLD) OP Profits Units granted to the director vest?
Can the Americold (COLD) OP Profits Units be converted into common stock?
Did Americold (COLD) director Sleigh buy or sell stock on the market in this filing?
Do the Americold (COLD) OP Profits Units granted have an expiration date?
AI-generated analysis. How Rhea-AI works. Not financial advice.