Americold (NYSE: COLD) director gets 12,422 OP Profits Units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICOLD REALTY TRUST director Andrew Power received an equity award of 12,422 Operating Partnership Profits Units. These derivative units were granted at a price of $0.0000 per unit and are linked to 12,422 shares of common stock on an as-converted basis.
The OP Profits Units vest on the first anniversary of the grant date under the Americold Realty Trust 2017 Equity Incentive Plan. Once vested and after certain tax-related capital account conditions are met, each OP Profits Unit can be converted into a Common Unit of the operating partnership, which the holder may then redeem for cash equal to the fair market value of one share of Americold common stock, or the company may instead settle the redemption in one share of common stock per unit. Following this award, Power holds 12,422 OP Profits Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Power Andrew
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)
- Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vest on the first anniversary of 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
Grant price per unit: $0.0000 per unit
Underlying common stock: 12,422 shares
+1 more
4 metrics
OP Profits Units granted
12,422 units
Equity award to director Andrew Power on grant date
Grant price per unit
$0.0000 per unit
Stated transaction price for OP Profits Units
Underlying common stock
12,422 shares
Common Stock underlying the OP Profits Units on conversion
Holdings after transaction
12,422 OP Profits Units
Total OP Profits Units directly held following award
Key Terms
Operating Partnership Profits Units, Common Unit, 2017 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, at the election of the holder, 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.
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."
capital accounts financial
"Conditioned upon minimum allocations to the capital accounts of the OP Profits Units for federal income tax purposes"
redemption for cash financial
"be presented for redemption for cash equal to the then fair market value of a share"
FAQ
What did Americold (COLD) director Andrew Power report in this Form 4?
Andrew Power reported receiving an award of 12,422 Operating Partnership Profits Units. These were granted at no cash cost under Americold Realty Trust’s 2017 Equity Incentive Plan and are tied to an equivalent number of common shares on an as-converted basis.
What are Americold Operating Partnership Profits Units reported for COLD?
Operating Partnership Profits Units are equity-based interests in Americold Realty Operating Partnership, L.P. They can vest and later be converted into common partnership units, which may then be redeemed for cash equal to Americold’s common stock value or exchanged for common shares.
When do Andrew Power’s 12,422 OP Profits Units in Americold vest?
The 12,422 OP Profits Units vest on the first anniversary of the grant date. Vesting is a time-based condition under the Americold Realty Trust 2017 Equity Incentive Plan and is required before the units can be converted into Common Units of the operating partnership.
Can Americold OP Profits Units reported in this filing become common stock?
Yes. After vesting and certain tax-related capital account conditions, each OP Profits Unit may be converted into a Common Unit. Each Common Unit can then be redeemed for cash equal to one Americold share’s fair market value or acquired by the company for one common share.
Did Andrew Power buy or sell Americold (COLD) stock in this Form 4?
The filing shows an acquisition through a grant, not an open-market trade. Andrew Power received 12,422 OP Profits Units as a grant under the 2017 Equity Incentive Plan, with no reported purchase or sale of Americold common stock for cash.