Americold director granted 12,422 OP Profits Units
Americold Realty Trust director David J. Neithercut received a grant of 12,422 Operating Partnership Profits Units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Americold Realty Trust director David J. Neithercut received a grant of 12,422 Operating Partnership Profits Units. These derivative units were awarded at a price of $0.00 and give exposure to an equivalent 12,422 shares of common stock through underlying securities.
The OP Profits Units vest on the earlier of the first anniversary of the grant date or the next annual meeting of stockholders. Once vested and subject to tax-based capital account conditions, each unit can be converted into a common partnership unit, which the holder may then redeem for cash equal to the fair market value of a share of Americold common stock, or for one share of common stock if the company elects share settlement. The rights to convert and redeem do not have expiration dates.
Insider Trade Summary
Grant/Award: 12,422 shares
Grant/Award
1 txn
Insider
NEITHERCUT DAVID J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Operating Partnership Profits Units | 12,422 | $0.00 | $0.00 |
Holdings After Transaction:
Operating Partnership Profits Units — 12,422 contracts (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: 12,422 units
Grant price per unit: $0.00 per unit
Underlying common stock: 12,422 shares
+1 more
4 metrics
OP Profits Units granted
12,422 units
Grant of Operating Partnership Profits Units to director on May 18, 2026
Grant price per unit
$0.00 per unit
Equity incentive grant with no cash paid by director
Underlying common stock
12,422 shares
Underlying Americold Realty Trust common stock tied to granted units
Holdings after grant
12,422 derivative units
Total Operating Partnership Profits Units following the transaction
Key Terms
Operating Partnership Profits Units, Common Unit, Equity Incentive Plan, capital accounts, +1 more
5 terms
Operating Partnership Profits Units financial
"Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P."
Common Unit financial
"each vested OP Profits Unit may be converted... into a common unit of limited partnership interest"
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.
Equity Incentive Plan financial
"issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
capital accounts financial
"Conditioned upon minimum allocations to the capital accounts of the OP Profits Units"
redemption financial
"Each Common Unit acquired upon conversion... may, at the election of the holder, be presented for redemption for cash"
Redemption is when an issuer or holder settles a financial instrument by paying it off or returning it for cash, such as a bond being paid at maturity or a preferred share bought back by the company. It matters to investors because redemption changes when and how they get their money back, can cut off future income from the investment, and affects the issuer’s cash needs—think of it like a loan being paid off early or a store refunding a returned purchase.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Americold Realty Trust (COLD) director David Neithercut report on this Form 4?
He reported receiving a grant of 12,422 Operating Partnership Profits Units at $0.00 per unit. These units are a form of equity-based compensation that can ultimately provide exposure to Americold Realty Trust common stock, subject to vesting and conversion conditions.
How many Americold (COLD) Operating Partnership Profits Units were granted?
The Form 4 shows a grant of 12,422 Operating Partnership Profits Units. Each unit is tied to an equivalent 12,422 underlying shares of Americold Realty Trust common stock, once vested and converted through the partnership structure set out in the footnotes.
When do the granted OP Profits Units at Americold (COLD) 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 stockholders. This creates a time- or meeting-based vesting schedule for the director’s equity award.
How can Americold (COLD) OP Profits Units be converted and redeemed?
After vesting and satisfying required capital account allocations, each OP Profits Unit may be converted into a Common Unit of the Operating Partnership. Each Common Unit can then be redeemed for cash equal to a share’s fair market value, or one share of common stock at the company’s election.
Do Americold (COLD) OP Profits Units have an expiration date on conversion rights?
The filing states that the rights to convert vested OP Profits Units into Common Units and to redeem those Common Units have no expiration dates. This gives the holder ongoing flexibility on when to exercise these rights, within the plan’s conditions.
Is this Americold (COLD) Form 4 a market purchase or sale of stock?
No. The transaction is classified as a grant or award acquisition of derivative OP Profits Units at $0.00 per unit. It reflects equity compensation for the director, not an open-market purchase or sale of Americold common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates