Americold Realty Trust (COLD) grants 12,422 OP Profits Units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Americold Realty Trust director Antonio F. Fernandez received a grant of 12,422 Operating Partnership Profits Units as compensation. These units were awarded at no cash cost under the Americold Realty Trust 2017 Equity Incentive Plan and are tied to the company’s operating partnership.
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. Once vested and subject to tax allocation conditions, each unit can be converted into a common partnership unit and then redeemed either for cash equal to the fair market value of one share of common stock or, at the company’s election, for one share of common stock. These conversion and redemption rights have no expiration dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fernandez Antonio F.
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 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. 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
Underlying common stock: 12,422 shares
Grant price: $0.00 per unit
3 metrics
OP Profits Units granted
12,422 units
Grant to Antonio F. Fernandez
Underlying common stock
12,422 shares
Shares underlying granted OP Profits Units
Grant price
$0.00 per unit
Compensation grant, no cash paid by recipient
Key Terms
Operating Partnership Profits Units, Americold Realty Operating Partnership, L.P., 2017 Equity Incentive Plan, Common Unit
4 terms
Operating Partnership Profits Units financial
"Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P."
Americold Realty Operating Partnership, L.P. financial
"OP Profits Units of Americold Realty Operating Partnership, L.P. ("Operating Partnership")"
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."
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.
FAQ
What insider transaction did Americold Realty Trust (COLD) report for Antonio F. Fernandez?
Americold Realty Trust reported that director Antonio F. Fernandez received 12,422 Operating Partnership Profits Units as a grant. The award was made at no cash cost under the company’s 2017 Equity Incentive Plan and is linked to potential future common stock exposure.
How many Americold OP Profits Units were granted in this Form 4 for COLD?
The filing shows a grant of 12,422 Operating Partnership Profits Units. Each unit is currently a derivative interest tied to Americold Realty Operating Partnership, with the same number of underlying common stock shares potentially issuable after vesting, conversion, and redemption elections.
When do the Americold OP Profits Units granted to Antonio F. Fernandez vest?
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. This structure ties vesting to both time served and the company’s regular governance calendar for shareholders.
Can the Americold OP Profits Units in this COLD Form 4 be converted into common stock?
Yes. After vesting and subject to tax allocation conditions, each OP Profits Unit may be converted into a common partnership unit. That unit can then be redeemed for cash equal to one share’s fair market value or, at the company’s election, one share of common stock.
Do the conversion and redemption rights on Americold’s OP Profits Units expire?
The filing states that the rights to convert vested OP Profits Units into common units and redeem those units have no expiration dates. This means the holder can elect to convert and redeem at any time, subject to the stated conditions and company election rights.