AMERICOLD REALTY TRUST — Director's Dealing 2020

Mar 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICOLD REALTY TRUST (COLD)
CIK: 0001455863
Period of Report: 2020-03-08

Reporting Person: Stuver David Keith (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-08	Common Shares of Beneficial Interest	M	1528	$31.48	Acquired	14831	Direct
2020-03-08	Common Shares of Beneficial Interest	F	460	$31.48	Disposed	14371	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-08	Restricted Stock Units	$	M	1528	Disposed		Common Shares of Beneficial Interest (1528.0)	Direct
2020-03-08	Restricted Stock Units	$	A	4447	Acquired		Common Shares of Beneficial Interest (4447.0)	Direct
2020-03-08	Performance Restricted Stock Units	$	A	13342	Acquired		Common Shares of Beneficial Interest (13342.0)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's vested one-third on March 8, 2020 and the remaining RSUs will vest ratably on March 8, 2021 and 2022.

F2: Each restricted stock unit ("RSU") represents the right to acquire one common share of Americold Realty Trust. The RSU's will vest ratably on March 8, 2021, 2022 and 2023.

F3: Each performance-based restricted stock unit ("PRSU") represents the right to acquire one common share of Americold Realty Trust. 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, 2020 - Dec. 31, 2022). 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 Plan.