Verbarendse Michael Bryan 4

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.