# EDGAR Filing Document

**Accession Number:** 0001455863
**File Stem:** 0001455863-23-000028
**Filing Date:** 2023-3
**Character Count:** 11192
**Document Hash:** 9d8a2d6c5f3bf90d95d514438610503f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001455863-23-000028.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001455863-23-000028

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230309

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Henderson Russell Scott
- **CENTRAL INDEX KEY:** 0001967896

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34723
- **FILM NUMBER:** 23728275

**MAIL ADDRESS:**
- **STREET 1:** 10 GLENLAKE PARKWAY, SOUTH TOWER
- **STREET 2:** SUITE 600
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] 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**<sup>*</sup><br>Henderson Russell Scott<br><sub>(Last) (First) (Middle)</sub><br>10 GLENLAKE PARKWAY, SOUTH TOWER<br>SUITE 600<br><sub>(Street)</sub><br>ATLANTA, GA 30328<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>AMERICOLD REALTY TRUST [ COLD ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2023-03-09 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_EVP & Chief Investment Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Operating Partnership Profits Units<sup>(1)</sup> | <sup>(1)(2)</sup> | <sup>(1)(2)</sup> | Common Stock | 4626.0<sup>(1)</sup> | $0.0 | D |  |
| Performance OP Profits Units<sup>(3)</sup> | <sup>(3)(4)</sup> | <sup>(3)(4)</sup> | Common Stock | 4626.0<sup>(3)</sup> | $0.0 | D |  |
| Operating Partnership Profits Units<sup>(5)</sup> | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 8200.0<sup>(5)</sup> | $0.0 | D |  |
| Performance OP Profits Units<sup>(6)</sup> | <sup>(4)(6)</sup> | <sup>(4)(6)</sup> | Common Stock | 3687.0<sup>(6)</sup> | $0.0 | D |  |
| Operating Partnership Profits Units<sup>(7)</sup> | <sup>(2)(7)</sup> | <sup>(2)(7)</sup> | Common Stock | 3971.0<sup>(7)</sup> | $0.0 | D |  |
| Operating Partnership Profits Units<sup>(8)</sup> | <sup>(2)(8)</sup> | <sup>(2)(8)</sup> | Common Stock | 3687.0<sup>(8)</sup> | $0.0 | D |  |
| Performance OP Profits Units<sup>(9)</sup> | <sup>(4)(9)</sup> | <sup>(4)(9)</sup> | Common Stock | 12354.0<sup>(9)</sup> | $0.0 | D |  |
| Operating Partnership Profits Units<sup>(10)</sup> | <sup>(2)(10)</sup> | <sup>(2)(10)</sup> | Common Stock | 8236.0<sup>(10)</sup> | $0.0 | D |  |
| Performance OP Profits Units<sup>(11)</sup> | <sup>(4)(11)</sup> | <sup>(4)(11)</sup> | Common Stock | 3296.0<sup>(11)</sup> | $0.0 | D |  |

---

### Footnotes:

(1) Represents Operating Partnership Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), one third of which vested on March 8, 2023 and the remainder will vest ratably on March 8, 2024 and 2025. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

(2) Conditioned upon minimum allocations to the capital accounts of the OP Profits Units for federal income tax purposes, each vested 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 OP Profits Unit 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 OP Profits Units into Common Units and redeem Common Units have no expiration dates.

(3) Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. Payout of the Performance OP Profits Units 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, 2022 - Dec 31, 2024). The Performance OP Profits Units will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal.

(4) 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, 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 Performance OP Profits Units into Common Units and redeem Common Units have no expiration dates.

(5) Represents Operating Partnership Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), one-half of which vested on November 12, 2022 and the remainder will vest on November 12, 2023. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Plan.

(6) Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. Payout of the Performance OP Profits Units 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, 2021 - Dec 31, 2023). The Performance OP Profits Units will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal.

(7) Represents Operating Partnership Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vested ratably on March 8, 2021, 2022, and 2023. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

(8) Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which vested one-third on each of March 8, 2022 and 2023 and the remainder will vest on March 8, 2024. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

(9) Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. Payout of the Performance OP Profits Units 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 Performance OP Profits Units will vest, if at all, at the end of the 3-year period contingent upon the achievement of the pre-established TSR goal.  The Performance OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

(10) Represents OP Profits Units ("OP Profits Units") of Americold Realty Operating Partnership, L.P. ("Operating Partnership"), which will vest ratably on March 8, 2024, 2025 and 2026. The OP Profits Units were issued to the reporting person pursuant to the Americold Realty Trust 2017 Equity Incentive Plan.

(11) Represents performance-based OP Profits Units ("Performance OP Profits Units") of the Operating Partnership. The Performance OP Profits Units were originally granted to the reporting person pursuant to the the Americold Realty Trust 2017 Equity Incentive Plan on March 8, 2020. 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 at the end of the 3-year period upon achievement of 83% of the pre-established TSR goal.

**Signature:** /s/ James C. Snyder, Jr., attorney-in-fact  
**Date:** 2023-03-13

### Remarks:

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.**