Henderson Russell Scott 4

What Happened Henderson Russell Scott, Chief Investment Officer of Americold Realty Trust (COLD), was granted two derivative awards on March 8, 2026 totaling 71,942 OP Profits Units (no cash paid). The grants consist of 28,777 time‑based OP Profits Units that vest ratably on March 8 of 2027, 2028 and 2029, and 43,165 performance‑based OP Profits Units whose payout and vesting depend on the company’s adjusted funds from operations (AFFO) for the period Jan 1, 2026–Dec 31, 2028. These awards were issued under the Amended and Restated Americold Realty Trust 2017 Equity Incentive Plan.

Key Details

• Transaction date: March 8, 2026; Form 4 filed March 10, 2026 (filed within the 2 business‑day reporting window).
• Type/Code: A = Award/Grant (derivative OP Profits Units); reported acquisition price: $0.00.
• Grants: 28,777 time‑based OP Profits Units (vest ratably 2027–2029); 43,165 performance OP Profits Units (vesting contingent on AFFO goals for 2026–2028).
• Conversion/redemption: Vested OP Profits Units (and Performance OP Profits Units if vested) may be converted into common units of the Operating Partnership and those common units may be redeemed for cash equal to the then fair market value of a share of Americold common stock, or the Company may elect to deliver one share of common stock. Conversion/redemption rights have no expiration.
• Post‑transaction beneficial ownership: not specified in the summary portion provided — see the filed Form 4 for total holdings.
• Plan: Awards issued under the company’s 2017 Equity Incentive Plan.

Context These are equity incentive awards (derivative units tied to Americold’s operating partnership), not open‑market purchases or sales. The time‑based units are retention/compensation awards that vest over three years; the larger tranche is performance‑based and will only vest if AFFO targets for the 2026–2028 period are met. Because these are grants (no cash paid), they reflect compensation structure rather than an immediate bullish or bearish trade by the insider.