Americold director granted 12,422 OP Profits Units

AMERICOLD REALTY TRUST director Andrew Power received an equity award of 12,422 Operating Partnership Profits Units.

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.

Insider Trade Summary

Grant/Award: 12,422 shares

Grant/Award 1 txn

Insider Power Andrew

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)

1. F1. 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.
2. 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: $0.0000 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/20/2026 - 06:46 PM EDT Learn about SEC filing dates

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^*

Power Andrew

(Last) (First) (Middle)

C/O AMERICOLD REALTY TRUST

10 GLENLAKE PKWY, SOUTH TOWER, 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)	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 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.

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.

Remarks:

	/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)