4//SEC Filing
Snyder James C JR 4
Accession 0001455863-23-000009
CIK 0001455863other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 4:15 PM ET
Size
7.0 KB
Accession
0001455863-23-000009
Insider Transaction Report
Form 4
Snyder James C JR
General Counsel and EVP
Transactions
- Award
Performance OP Profits Units
2023-01-08+11,074→ 11,074 totalExercise: $0.00→ Common Shares of Beneficial Interest (11,074 underlying)
Footnotes (2)
- [F1]Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership initially granted on March 8, 2020, subject to a performance-based vesting condition. Payout of the Performance OP Profits Units was determined based upon a comparison of the Company's total shareholder return "TSR") on a relative basis to the MSCI U.S. REIT Index at the end of the applicable performance period (Jan. 1, 2020 - Dec. 31, 2022). The Performance OP Profits Units vested on January 8, 2023, based upon achievement of 83% of the pre-established goal as approved by the Company's Compensation Committee. The Performance OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.
- [F2]Conditioned upon minimum allocations to the capital accounts of the Performance OP Profits Units for federal income tax purposes, each vested Performance 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 Performance OP Profits Unit may be presented for redemption, at the election of the holder, for cash equal to the then fair market value of a share of Americold Realty Trust, Inc. (the "Company") common stock (the "Common Shares"), 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 Performance OP Profits Units into Common Units and redeem Common Units have no expiration dates.
Documents
Issuer
AMERICOLD REALTY TRUST
CIK 0001455863
Entity typeother
Related Parties
1- filerCIK 0001389389
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 4:15 PM ET
- Size
- 7.0 KB