Americold Realty Trust (COLD) director receives RSU grant and converts 10,124 units to stock
Rhea-AI Filing Summary
Americold Realty Trust director Barrett Kelly Hefner reported equity compensation activity and an RSU conversion into common shares. On May 18, Hefner received 12,422 Restricted Stock Units (RSUs), each representing the right to acquire one share of common stock, under the company’s Amended and Restated 2017 Equity Incentive Plan. On May 20, 10,124 RSUs were converted into 10,124 shares of common stock, increasing Hefner’s directly held common stock position to 43,016 shares. The footnotes state these RSUs vest on the earlier of one year from grant or the next annual stockholder meeting, highlighting that the awards are time-based director compensation rather than open-market purchases.
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Insights
Routine director equity awards and RSU conversion with no open-market trades.
Barrett Kelly Hefner, a director of Americold Realty Trust, received 12,422 RSUs as compensation and converted 10,124 RSUs into the same number of common shares. The transactions use codes A and M, indicating grants and derivative exercises, not market buys or sells.
The footnotes explain each RSU equals one common share and vest on the earlier of one year from grant or the next annual stockholder meeting. This structure is typical for board compensation, aligning directors with shareholders through equity rather than cash.
The filing shows Hefner holding 43,016 common shares directly after the conversion, but does not disclose any share sales or tax-withholding dispositions. Subsequent company filings may provide additional context on future equity awards or vesting events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 10,124 | $0.00 | -- |
| Exercise | Common Stock | 10,124 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 12,422 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust common stock. The RSUs will vest on the earlier of the date one year from the date of grant or the next annual meeting of stockholders following the date of grant. The RSUs will vest on the earlier of the date one year from the date of grant or the next annual meeting of stockholders following the date of grant. The RSUs were issues to the Reporting Person pursuant to the Americold Realty Trust Amended and Restated 2017 Equity Incentive Plan.