AMERICOLD REALTY TRUST 4
Research Summary
AI-generated summary
Americold (COLD) Director Robert L. Bass Receives Award
What Happened
- Robert L. Bass, a director of Americold Realty Trust (COLD), received a grant of 12,422 OP Profits Units (derivative awards) on May 18, 2026. The units were granted at $0.00 per unit (no cash exchanged at grant) and are reported as a derivative award on Form 4.
Key Details
- Transaction date: 2026-05-18; Filing date: 2026-05-20 (Form 4 accession 0001193125-26-232988).
- Award type/code: A (grant/award or other acquisition, derivative instrument).
- Units granted: 12,422 OP Profits Units; reported acquisition price $0.00 (no immediate cash value).
- Shares/units owned after transaction: Not specified in this filing.
- Footnotes:
- F1: The OP Profits Units vest on the earlier of the first anniversary of the grant or the next annual stockholder meeting and were issued under the 2017 Equity Incentive Plan.
- F2: Once vested, each OP Profits Unit may be converted (at the holder’s election) into a Common Unit of the Operating Partnership; Common Units may be redeemed for cash equal to the fair market value of a share of Americold common stock or, at the company’s election, exchanged for one share of common stock. Conversion/redemption rights have no expiration.
- Filing remark: The Form 4 was submitted using the issuer’s CIK for Robert L. Bass; an amendment will be filed once the reporting person’s CIK is provided.
Context
- This is a non-cash, equity-based compensation/retention award (derivative interest) rather than an outright stock purchase or sale. The units vest in the future and only potentially convert into economic value (common units, cash, or shares) upon vesting and conversion/redemption elections.