Americold Realty Trust (COLD) director receives 6,063 OP Profits Units grant

Rhea-AI Filing Summary

Americold Realty Trust director reports equity grant tied to operating partnership units. A director of Americold Realty Trust (ticker COLD) reported receiving 6,063 Operating Partnership Profits Units on 12/22/2025 under the Americold Realty Trust A&R 2017 Equity Incentive Plan. These OP Profits Units vest on the earlier of May 20, 2025 or the date of the next annual meeting of Americold Realty Trust, Inc. stockholders following the grant date. Once vested and subject to certain tax-related conditions, each OP Profits Unit can be converted into a common unit of limited partnership interest, which may then be redeemed for cash equal to the fair market value of one share of Americold common stock, or, at the company’s election, exchanged for one share of common stock. The rights to convert vested OP Profits Units and redeem the resulting common units do not have expiration 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

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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^*

Reece Joseph E

(Last) (First) (Middle)

C/O AMERICOLD REALTY TRUST

10 GLENLAKE PKWY, SUITE 600

(Street)

ATLANTA GA 30328

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)	(2)	12/22/2025		A		6,063		(2)	(2)	Common Stock	6,063	$0	6,063	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 earlier of the May 20, 2025 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 A&R 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.

	/s/ Nathan H. Harwell, Attorney-in-fact	12/29/2025
	** 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.
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FAQ

What insider transaction did Americold Realty Trust (COLD) report in this Form 4?

The filing reports that a director received 6,063 Operating Partnership Profits Units of Americold Realty Operating Partnership, L.P. on 12/22/2025 under the Americold Realty Trust A&R 2017 Equity Incentive Plan.

When do the OP Profits Units granted to the Americold (COLD) director vest?

The OP Profits Units vest on the earlier of May 20, 2025 or the date of the next annual meeting of Americold Realty Trust, Inc. stockholders following the grant date.

How can the Americold (COLD) OP Profits Units be converted into common stock value?

After vesting and subject to minimum capital account allocations, each OP Profits Unit may be converted into a Common Unit. Each Common Unit may then be presented for redemption for cash equal to the fair market value of a share of Americold common stock, and the company may instead elect to deliver one share of common stock per Common Unit.

Do the conversion and redemption rights on Americold (COLD) OP Profits Units expire?

No. 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.

What equity plan governs the OP Profits Units granted to the Americold (COLD) director?

The OP Profits Units were issued to the reporting person under the Americold Realty Trust A&R 2017 Equity Incentive Plan.

What is the reporting person’s relationship to Americold Realty Trust (COLD)?

The reporting person is identified as a Director of Americold Realty Trust and filed the form as one reporting person.