Americold director granted 12,422 OP Profits Units

Americold Realty Trust director Antonio F. Fernandez received a grant of 12,422 Operating Partnership Profits Units as compensation.

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.

Insider Trade Summary

Grant/Award: 12,422 shares

Grant/Award 1 txn

Insider Fernandez Antonio F.

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 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

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

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.

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

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Accepted by SEC EDGAR 05/20/2026 - 07:02 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^*

Fernandez Antonio F.

(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)