Earnings Feed
Start Free
AMERICOLD REALTY TRUST·4

Mar 10, 8:00 PM ET

PAPA CHRISTOPHER J 4

Research Summary

AI-generated summary

Updated

Americold (COLD) CFO Christopher Papa Receives Equity Awards

What Happened

  • Christopher J. Papa, Chief Financial Officer of Americold Realty Trust (COLD), received two grants of derivative equity on March 8, 2026: 54,357 OP Profits Units and 81,535 Performance OP Profits Units, for a total of 135,892 units. The Form 4 reports an acquisition price of $0.00 for each (award/grant classification).
  • These are equity-based awards, not open-market purchases or sales, so they are not an immediate cash investment or divestment by the insider.

Key Details

  • Transaction date: 2026-03-08; Form 4 filed: 2026-03-10 (file appears timely).
  • Reported consideration: $0.00 (grant/award).
  • Shares owned after transaction: not specified in the filing.
  • Footnotes:
    • F1: The 54,357 OP Profits Units vest ratably on March 8, 2027, 2028 and 2029 and were issued under the Americold 2017 Equity Incentive Plan.
    • F3: The 81,535 Performance OP Profits Units vest only if pre-established AFFO (adjusted funds from operations) goals are met for Jan 1, 2026–Dec 31, 2028; payout is contingent on performance.
    • F2 & F4: Upon vesting (and satisfying certain tax allocation conditions), both types of OP Profits Units can be converted by the holder 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 converted into one share at the company’s election). Conversion/redeem rights have no expiration.
  • Plan: Awards issued pursuant to the Amended and Restated Americold Realty Trust 2017 Equity Incentive Plan.

Context

  • These are derivative equity awards with multi-year vesting and, for a portion, performance-based vesting tied to AFFO over a three-year period. They are not exercises or open-market trades and do not reflect an immediate cash inflow or outflow for the insider.
  • Because the units convert to partnership/common units and can be redeemed for cash or shares, the ultimate economic value of the awards will depend on future vesting outcomes and Americold’s stock price at conversion/redemption.