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AMERICOLD REALTY TRUST·4

Mar 10, 8:00 PM ET

Verbarendse Michael Bryan 4

4 · AMERICOLD REALTY TRUST · Filed Mar 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Americold (COLD) President Michael Verbarendse Receives Award

What Happened

  • Michael Bryan Verbarendse, President, Americas of Americold Realty Trust, was granted two derivative awards on March 8, 2026: 44,764 OP Profits Units and 67,146 Performance OP Profits Units, for a total of 111,910 units. Each award shows $0.00 acquisition price (award/grant, transaction code A).
  • These are not immediate shares of common stock. The OP Profits Units vest ratably on March 8, 2027, 2028 and 2029. The Performance OP Profits Units vest, if at all, based on the company’s adjusted funds from operations (AFFO) performance for Jan 1, 2026 – Dec 31, 2028.

Key Details

  • Transaction date: March 8, 2026; Filing date: March 10, 2026 (timely Form 4 filing).
  • Grants: 44,764 OP Profits Units (time-based) and 67,146 Performance OP Profits Units (performance-based); both recorded at $0.00.
  • Shares/units owned after transaction: not specified in this filing.
  • Footnotes:
    • Time-based OP Profits Units vest ratably in 2027–2029 (F1).
    • Vested OP Profits Units and Performance OP Profits Units may be converted to Common Units and then redeemed for cash equal to the fair market value of a share or exchanged for one share, at holder or company election; conversion/redemption rights have no expiration (F2, F4).
    • Performance units payout/vesting contingent on achievement of pre-established AFFO goals for 2026–2028 (F3).
  • Transaction type: Award/Grant (A); not a purchase or sale.

Context

  • These grants are compensation-related derivative awards common for executives and do not represent immediate open-market buying or selling. Time-based awards vest over multiple years; performance awards only vest if specified AFFO targets are met, so they are contingent and not guaranteed.

Insider Transaction Report

Form 4
Period: 2026-03-08
AMERICOLD REALTY TRUSTCOLD
Verbarendse Michael Bryan
President, Americas
Transactions
  • Award

    Operating Partnership Profits Units

    [F1][F2]
    2026-03-08+44,764→ 44,764 total
    Exercise: $0.00→ Common Stock (44,764 underlying)
  • Award

    Performance OP Profits Units

    [F3][F4]
    2026-03-08+67,146→ 67,146 total
    Exercise: $0.00→ Common Stock (67,146 underlying)
Footnotes (4)
  • [F1]Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which will vest ratably on March 8, 2027, 2028, and 2029. The OP Profits Units were issued to the reporting person pursuant to the Amended and Restated Americold Realty Trust 2017 Equity Incentive Plan.
  • [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.
  • [F3]Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. Payout of the Performance OP Profits Units will be determined based upon the Company's adjusted funds from operations ("AFFO") during the applicable period Jan. 1, 2026 - Dec. 31, 2028). The Performance OP Profits Units will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established AFFO goals. The Performance OP Units were issued to the Reporting Peron pursuant to the Amended and Restated Americold Realty Trust 2017 Equity Plan.
  • [F4]Conditioned upon minimum allocations to the capital accounts of the Performance OP Profits Units for federal income tax purposes, each vested Performance 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 Performance OP Profits Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of the Company's Common Stock, except that the Company may, at its election, acquire each Common Unit so presented for one Common Share. The rights to convert vested Performance OP Profits Units into Common Units and redeem Common Units have no expiration dates.
Signature
/s/ Nathan H. Harwell, Attorney-in-fact|2026-03-10

Documents

1 file
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    ownership.xmlPrimary

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