Americold director granted 12,422 OP Profits Units

Americold Realty Trust director Joseph E. Reece received a grant of 12,422 Operating Partnership Profits Units.

Rhea-AI Filing Summary

Americold Realty Trust director Joseph E. Reece received a grant of 12,422 Operating Partnership Profits Units. These derivative units were awarded at a price of $0.00 per unit and are tied to an equal number of underlying shares of common stock.

The OP Profits Units vest on the earlier of the first anniversary of the grant date or the next Americold Realty Trust, Inc. annual stockholder meeting after the grant date. Once vested and subject to tax allocation conditions, each unit can be converted into an Operating Partnership common unit, which may then be redeemed for cash equal to the fair market value of one share of common stock, or, at the company’s election, exchanged for one share of common stock. These conversion and redemption rights have no expiration dates.

Insider Trade Summary

Grant/Award: 12,422 shares

Grant/Award 1 txn

Insider Reece Joseph E

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 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.
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: $0.00 per unit Underlying common stock: 12,422 shares +1 more

4 metrics

OP Profits Units granted 12,422 units Grant to director Joseph E. Reece on transaction date

Grant price per unit $0.00 per unit Equity incentive award

Underlying common stock 12,422 shares Shares of Americold common stock underlying the OP Profits Units

Total OP Profits Units held after grant 12,422 units Holdings following the reported transaction

Key Terms

Operating Partnership Profits Units, OP Profits Units, Common Unit, Americold Realty Trust 2017 Equity Incentive Plan, +1 more

5 terms

Operating Partnership Profits Units financial

"Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P."

OP Profits Units financial

"Conditioned upon minimum allocations to the capital accounts of the OP Profits Units for federal income tax purposes"

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.

Americold Realty Trust 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"

FAQ

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

What insider transaction did AMERICOLD REALTY TRUST (COLD) report for Joseph E. Reece?

Americold Realty Trust reported that director Joseph E. Reece received a grant of 12,422 Operating Partnership Profits Units. These units are a form of equity-based compensation that can ultimately be tied to Americold common stock through conversion and redemption features.

How many OP Profits Units were granted to the COLD director in this Form 4?

The Form 4 shows a grant of 12,422 Operating Partnership Profits Units to director Joseph E. Reece. Each OP Profits Unit is linked to 12,422 underlying shares of Americold common stock, reflecting a one-for-one relationship between units and potential common equity.

When do the granted OP Profits Units for AMERICOLD REALTY TRUST (COLD) vest?

The OP Profits Units vest on the earlier of the first anniversary of the grant date or the date of the next Americold Realty Trust, Inc. annual stockholder meeting. This schedule aligns vesting either with a one-year timeframe or the upcoming annual meeting, whichever occurs first.

How can OP Profits Units for COLD be converted into Americold common stock?

After vesting and meeting required tax allocation conditions, each OP Profits Unit may be converted into a common unit in the Operating Partnership. That common unit can then be redeemed for cash equal to one share’s fair market value, or exchanged for one Americold common share at the company’s election.

Do the conversion and redemption rights on COLD’s OP Profits Units expire?

The filing states that the rights to convert vested OP Profits Units into common units and to redeem those common units for cash or Americold common stock have no expiration dates. This gives the holder ongoing flexibility regarding when to exercise these rights over time.

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

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Accepted by SEC EDGAR 05/20/2026 - 07:01 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^*

Reece Joseph E

(Last) (First) (Middle)

C/O AMERICOLD REALTY TRUST

10 GLENLAKE PKWY, 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)	(2)	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 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.

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	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)