Form 4: Americold Realty Trust Executive Acquires 9,357 Operating Partnership Units

Nathan H. Harwell, EVP & Chief Legal Officer of Americold Realty Trust, acquired 9,357 Operating Partnership Profits Units on July 1, 2024, which vest ratably over three years.

Summary

• On July 1, 2024, Nathan H. Harwell, the EVP & Chief Legal Officer of Americold Realty Trust, acquired 9,357 Operating Partnership Profits Units.
• These units will vest ratably on July 1, 2025, 2026, and 2027.
• The units were issued under the Americold Realty Trust 2017 Equity Incentive Plan.
• Vested units can be converted into common units of limited partnership interest in the Operating Partnership, and subsequently redeemed for cash or shares of Americold Realty Trust common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. The sentiment is neutral to positive.

Positives

• The acquisition of OP Profits Units by a key executive aligns their interests with the long-term performance of the company.
• The vesting schedule encourages continued service and contribution from the executive.

Future Outlook

The executive's compensation is tied to the company's performance through the vesting and conversion of the OP Profits Units.

Industry Context

Equity-based compensation is a common practice in the real estate industry to align management's interests with those of shareholders.

Comparison to Industry Standards

• Companies like Prologis and Duke Realty (now part of Prologis) also use equity-based compensation plans for their executives.
• The vesting schedules and conversion rights are generally in line with industry standards for executive compensation.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a standard part of executive compensation.

Key Dates