NEITHERCUT DAVID J 4

What Happened

• David J. Neithercut, a director of Americold Realty Trust (COLD), received a grant of 12,422 OP Profits Units on 2026-05-18. The units were granted at $0.00 per unit (award/derivative), so the reported grant value at issuance is $0. This is an equity award (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date and type: 2026-05-18 — Grant (A) of 12,422 OP Profits Units at $0.00 per unit.
• Filing date: Form 4 filed 2026-05-20 (filed within the typical two-business-day reporting window).
• Shares/units owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote highlights:
  • F1: OP Profits Units vest on the earlier of the first anniversary of the grant or the next annual stockholders’ meeting.
  • F2: Each vested OP Profits Unit may be converted (subject to tax allocation conditions) into a common unit of the operating partnership; each common unit can be redeemed for cash equal to the fair market value of one share of Americold common stock or, at the company’s election, exchanged for one share of common stock. Conversion/redemption rights have no expiration.
• No 10b5‑1 plan, tax withholding, or sale reported in this transaction.

Context

• OP Profits Units are a form of derivative/equity compensation tied to the company’s operating partnership and can later become economic exposure to company common stock (either via conversion to partnership common units and redemption for cash or exchange for shares). Grants to directors are commonly part of compensation and do not by themselves indicate buying or selling sentiment; they reflect routine equity-based pay that vests over time.