0001455863-23-000056.txt : 20231129
0001455863-23-000056.hdr.sgml : 20231129
20231129162708
ACCESSION NUMBER: 0001455863-23-000056
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231128
FILED AS OF DATE: 20231129
DATE AS OF CHANGE: 20231129
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CHAMBERS ROBERT SCOTT
CENTRAL INDEX KEY: 0001775862
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34723
FILM NUMBER: 231452576
MAIL ADDRESS:
STREET 1: 11465 JOHNS CREEK PARKWAY, SUITE 400
CITY: JOHNS CREEK
STATE: GA
ZIP: 30097
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: AMERICOLD REALTY TRUST
CENTRAL INDEX KEY: 0001455863
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
IRS NUMBER: 000000000
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 10 Glenlake Pkwy., Suite 800 S. Tower
CITY: Atlanta
STATE: GA
ZIP: 30328
BUSINESS PHONE: 678-441-1400
MAIL ADDRESS:
STREET 1: 10 Glenlake Pkwy., Suite 800 S. Tower
CITY: Atlanta
STATE: GA
ZIP: 30328
4
1
wk-form4_1701293215.xml
FORM 4
X0508
4
2023-11-28
0
0001455863
AMERICOLD REALTY TRUST
COLD
0001775862
CHAMBERS ROBERT SCOTT
10 GLENLAKE PARKWAY
SUITE 600, SOUTH TOWER
ATLANTA
GA
30328
0
1
0
0
EVP, Chief Commercial Officer
0
Common Stock
2023-11-28
2023-11-28
4
S
0
9100
28.22
D
0
D
Performance OP Profits Units
0
2023-11-28
2023-11-28
4
M
0
9100
0
D
Common Stock
9100
2765
D
The price reported in column 4 is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $28.22 to $28.23, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full in information regarding the number of common shares sold at each separate price within the range set forth above.
The Performance-based Operating Profits Units ("POPUs") were originally granted to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan on March 8, 2020. Vesting of the POPUs 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 POPUs vested at the end of the 3-year period based upon achievement of 83% of the pre-established TSR goal.
Conditioned upon minimum allocations to the capital accounts of the POPUs for federal income tax purposes, each vested POPU 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 POPU 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 POPUs into Common Units and redeem Common Units have no expiration dates.
Marc J. Smernoff, attorney-in-fact
2023-11-29