SEC Form 4
FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
AMERICOLD REALTY TRUST [ COLD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/08/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/08/2023 | M | 1,061 | A | $0 | 18,367 | D | |||
Common Stock | 03/08/2023 | M | 983 | A | $0 | 19,350 | D | |||
Common Stock | 03/08/2023 | M | 1,233 | A | $0 | 20,583 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units(1) | $0.0 | 03/08/2023 | M | 1,061 | (1) | (1) | Common Stock | 1,061 | $0 | 0 | D | ||||
Restricted Stock Units(2) | $0.0 | 03/08/2023 | M | 983 | (2) | (2) | Common Stock | 983 | $0 | 984 | D | ||||
Restricted Stock Units(3) | $0.0 | 03/08/2023 | M | 1,233 | (3) | (3) | Common Stock | 1,233 | $0 | 2,468 | D | ||||
Performance Restricted Stock Units(4) | $0.0 | 03/08/2023 | A | 12,125 | (4) | (4) | Common Stock | 12,125 | $0 | 12,125 | D | ||||
Restricted Stock Units(5) | $0.0 | 03/08/2023 | A | 8,084 | (5) | (5) | Common Stock | 8,084 | $0 | 8,084 | D |
Explanation of Responses: |
1. Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. The RSU's vested one-third on each of March 8, 2021, 2022 and 2023. |
2. Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. The RSU's vested one-third on each of March 8, 2022 and 2023 and the remainder will vest on March 8, 2024. |
3. Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. The RSUs vested one third on March 8, 2023 and the remainder will vest ratably on March 8, 2024 and 2025. |
4. Each performance-based restricted stock unit ("PRSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. Vesting of the PRUs will be 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, 2023 - Dec. 31, 2025). The RSUs will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal. The PRSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan. |
5. Each restricted stock unit ("RSU") represents the right to acquire one share of Americold Realty Trust, Inc. common stock. The RSU's will vest ratably on March 8, 2024, 2025 and 2026. The RSUs were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan. |
Remarks: |
/s/ James C. Snyder, Jr., attorney-in-fact | 03/10/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |