BARRETT KELLY HEFNER 4

What Happened Barrett Kelly Hefner, a director of Americold Realty Trust (COLD), received a grant of 12,422 restricted stock units (RSUs) on 2026-05-18. On 2026-05-20 Hefner converted/exercised 10,124 derivative units into shares and the same day reported a disposition of 10,124 derivative shares. The filing shows an exercise/conversion price of $0 and reports $0 for the transactions (RSUs have no cash exercise price).

Key Details

• Transaction dates: Grant on 2026-05-18; conversion/exercise and same-day disposition on 2026-05-20.
• Prices/values: All items reported at $0 (RSUs carry no exercise price).
• Shares from the grant: 12,422 RSUs were granted; 10,124 were converted/disposed two days later, leaving 2,298 RSUs from that grant unconverted based on these entries. The Form 4 does not state the reporting person’s total share or RSU holdings after these transactions.
• Footnotes: F1–F3 clarify that each RSU represents the right to one share, vesting is the earlier of one year from grant or the next annual meeting, and awards were made under the company’s 2017 Equity Incentive Plan.
• Filing timeliness: Form filed 2026-05-20 for transactions on 2026-05-18 and 2026-05-20; filing appears timely.

Context

• These transactions involve RSUs (derivative securities). The $0 exercise price reflects that RSUs are awards with no cash exercise requirement. The converted shares were disposed the same day per the filing; the form does not detail proceeds or the method of disposition (e.g., sale to cover taxes vs. open-market sale). This filing is informational and does not by itself indicate the insider’s view on the company’s stock.