Reece Joseph E 4
4 · AMERICOLD REALTY TRUST · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Americold (COLD) Director Joseph E. Reece Receives 12,422‑Unit Award
What Happened Joseph E. Reece, a director of Americold Realty Trust (COLD), received an award of 12,422 OP Profits Units on 2026-05-18. The grant is reported at $0.00 on the Form 4 (derivative award), meaning no cash was paid by the insider at grant. These are profit-participation units of Americold Realty Operating Partnership, L.P., not direct shares of Americold common stock.
Key Details
- Transaction date: 2026-05-18; Form 4 filed 2026-05-20 (timely).
- Award type: OP Profits Units (derivative equity award) — 12,422 units granted at $0.00.
- Shares/units owned after transaction: not specified in the filing.
- Vesting: Units vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting of stockholders (per footnote).
- Conversion/redeem rights: Each vested OP Profits Unit may be converted, at holder’s election, into a common unit of the operating partnership; each common unit can then 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. These conversion/redeem rights have no expiration (per footnote).
Context This was an equity award (grant) to a director, not an open-market purchase or sale. Such grants are routine compensation/retention tools and do not by themselves indicate insider buying or selling sentiment. Because these are derivative units with vesting and conversion conditions, their economic value depends on future vesting and conversion/redemption events.
Insider Transaction Report
- Award
Operating Partnership Profits Units
[F1][F2]2026-05-18+12,422→ 12,422 total→ Common Stock (12,422 underlying)
Footnotes (2)
- [F1]Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vest on the earlier of the first anniversary of the grant date or the date of the next annual meeting of Americold Realty Trust, Inc. stockholders following the grant date. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.
- [F2]Conditioned upon minimum allocations to the capital accounts of the OP Profits Units for federal income tax purposes, each vested OP Profits Unit may be converted, at the election of the holder, into a common unit of limited partnership interest in the Operating Partnership (a "Common Unit"). Each Common Unit acquired upon conversion of a vested OP Profits Unit may, at the election of the holder, be presented for redemption for cash equal to the then fair market value of a share of Americold Realty Trust, Inc. (the "Company") common stock (the "Common Stock"), except that the Company may, at its election, acquire each Common Unit so presented for one share of Common Stock. The rights to convert vested OP Profits Units into Common Units and redeem Common Units have no expiration dates.