AMERICOLD REALTY TRUST, DEF 14A filed on 4/8/2026
Proxy Statement (definitive)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type DEF 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name AMERICOLD REALTY TRUST, INC.
Entity Central Index Key 0001455863
v3.26.1
Pay vs Performance Disclosure - USD ($)
 8 Months Ended 12 Months Ended
Aug. 31, 2021
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table  
Value of initial fixed $100 investment based on:
Year
SCT Total for PEO 1 (1)
SCT Total for PEO 2 (2)
SCT Total for PEO 3 (3)
CAP
to PEO 1 (4) (5) (6)
CAP
to PEO 2 (4) (5) (6)
CAP
to PEO 3 (4) (5) (6)
Average SCT total for non-PEO NEOs (7)
Average CAP to non-PEO NEOs (4)(5)(8)
Total Shareholder Return
U.S. MSCI REIT Index Total Shareholder Return (9)
Net Income
Core EBITDA (10)
2025$3,524,308 $6,272,775 $— $1,858,476 $845,967 $— $1,937,624 $846,429 $41.35 $137.53 $(115.3)$617.9 
2024$— $10,980,578 $— $— $1,798,817 $— $2,301,474 $929,457 $64.79 $133.59 $(94.7)$634.1 
2023$— $8,109,662 $— $— $10,090,177 $— $1,918,213 $2,221,385 $88.42 $122.84 $(336.3)$572.1 
2022$— $7,689,546 $— $— $7,697,775 $— $2,038,558 $2,024,259 $80.30 $108.00 $(19.4)$499.8 
2021$— $1,489,979 $4,661,919 $— $1,613,153 $(4,910,137)$1,469,331 $575,335 $90.11 $143.06 $(30.5)$474.5 
        
Company Selected Measure Name   Core EBITDA        
Named Executive Officers, Footnote   The Principal Executive Officer (PEO) is Robert S. Chambers.
(2) The second Principal Executive Officer (PEO) is George F. Chappelle, who served as our Chief Executive officer through August, 2025.
The third Principal Executive Officer (PEO) is Fred Boehler, who served as our Chief Executive Officer through August, 2021. 		       
Peer Group Issuers, Footnote   The selected peer group is the U.S. MSCI REIT Index which is the sole measurement of our performance based equity awards and the same index used for our performance graph disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025.        
Adjustment To PEO Compensation, Footnote   Our PEO and non-PEO NEOs do not receive pension benefits, therefore no adjustments were made. We did not make any adjustments for dividend equivalents and distributions because they are already factored into our Fair Market Value (“FMV”) used for our performance awards and included in All Other Compensation on the Summary Compensation Table in our CD&A. To calculate Compensation Actually Paid (CAP) for the PEO, the fair value of equity awards were updated using the same methodology applied under ASC 718 and all equity adjustments were made in accordance with the SEC methodology for determining CAP for each year shown:
20252024202320222021
PEO1
PEO2
PEO3
PEO1 PEO2 PEO3 PEO1 PEO2 PEO3 PEO1 PEO2 PEO3 PEO1 PEO2 PEO3
SCT Total for PEO3,524,3086,272,775——10,980,578——8,109,662——7,689,546——1,489,9794,661,919
Subtract stock compensation and pension included in SCT(1,907,227)(4,528,423)——(7,807,497)——(4,967,302)——(3,452,311)——(1,260,006)(3,583,397)
Add pension attributable to current year's service and any change in pension value attributable to plan amendments made in the current year———————————————
Add fair value of equity compensation granted in current year – value at year-end987,8391,107,430——5,301,181——5,218,646——3,756,664——1,383,181489,419
Add dividends paid on unvested shares/share units and stock options———————————————
Add/Subtract change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year(705,821)(1,843,497)——(6,590,239)——1,714,020——————(1,458,139)
Add/Subtract change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year(40,623)(162,318)——(85,206)——15,151——(296,125)———(763,992)
Add fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year - valued on date of vesting——————————————273,131
Subtract fair value of forfeited awards determined at end of prior year for awards made in prior fiscal years that were forfeited during current fiscal year——————————————(4,529,078)
Total Adjustments(1,665,832)(5,426,808)——(9,181,761)——1,980,515——8,229——123,174(9,572,057)
Compensation Actually Paid to PEO1,858,476845,967——1,798,817——10,090,177——7,697,775——1,613,153(4,910,137)
20252024202320222021
Jay Wells
Marc SmernoffMarc SmernoffMarc SmernoffMarc Smernoff
M. Bryan Verbarendse
Robert ChambersRobert ChambersRobert ChambersRobert Chambers
Richard Winnall
Richard WinnallRichard WinnallDavid MooreCarlos Rodriguez
Nathan Harwell
Jay Wells
Samantha CharlestonSamantha CharlestonJay Harron
M. Bryan Verbarendse
        
Non-PEO NEO Average Total Compensation Amount   $ 1,937,624 $ 2,301,474 $ 1,918,213 $ 2,038,558 $ 1,469,331
Non-PEO NEO Average Compensation Actually Paid Amount   $ 846,429 929,457 2,221,385 2,024,259 575,335
Adjustment to Non-PEO NEO Compensation Footnote   Our PEO and non-PEO NEOs do not receive pension benefits, therefore no adjustments were made.To calculate average CAP for the non-PEO Named Executive Officers, the fair value of equity awards were updated using the same methodology applied under ASC 718 and all equity adjustments were made in accordance with the SEC methodology for determining CAP for each year shown:
20252024202320222021
Average SCT Total for Non-PEO NEOs$1,937,624$2,301,474$1,918,213$2,038,558$1,469,331
Subtract stock compensation and pension included in SCT(1,019,131)(1,153,311)(959,602)(861,488)(891,024)
Add pension attributable to current year's service and any change in pension value attributable to plan amendments made in the current year———
Add fair value of equity compensation granted in current year – value at year-end317,451758,0791,008,158907,540659,162
Add dividends paid on unvested shares/share units and stock options———
Add/Subtract change in fair value from end of prior fiscal year to end of current fiscal year for awards made in prior fiscal years that were unvested at end of current fiscal year(362,673)(679,490)238,980(16,661)(567,834)
Add/Subtract change in fair value from end of prior fiscal year to vesting date for awards made in prior fiscal years that vested during current fiscal year(26,841)21,40553,070(43,690)(94,300)
Add fair value of equity awards granted in covered fiscal year that vested during such covered fiscal year - valued on date of vesting————
Subtract fair value of forfeited awards determined at end of prior year for awards made in prior fiscal years that were forfeited during current fiscal year—(318,700)(37,434)——
Total Adjustments$(1,091,195)$(1,372,016)$303,172$(14,299)$(893,996)
Average Compensation Actually Paid to Non-PEO NEOs$846,429$929,457$2,221,385$2,024,259$575,335
        
Compensation Actually Paid vs. Total Shareholder Return  
CAP v TSR 2025.jpg
The following chart illustrates the trend between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our key financial metric, Core EBITDA, during the five most recently completed fiscal years.
CAP v EBITDA 2025.jpg
        
Compensation Actually Paid vs. Company Selected Measure  
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.
CAP v NI 2025.jpg
        
Tabular List, Table  
Tabular List of Most Important Financial and Non-Financial Performance Measures
The following table presents the financial and non-financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEOs and Non-PEO NEOs for 2025 to Company performance (not ranked):
                                                                                         
Core EBITDA
Relative TSR
AFFO (Adjusted Funds from Operations)
        
Total Shareholder Return Amount   $ 41.35 64.79 88.42 80.30 90.11
Peer Group Total Shareholder Return Amount   137.53 133.59 122.84 108.00 143.06
Net Income (Loss)   $ (115,300,000) $ (94,700,000) $ (336,300,000) $ (19,400,000) $ (30,500,000)
Company Selected Measure Amount   617,900,000 634,100,000 572,100,000 499,800,000 474,500,000
Additional 402(v) Disclosure   Our company selected measure is Core EBITDA the financial metric we believe best links compensation paid to our PEO and other NEOs, which is calculated as described in Appendix A to this Proxy Statement.        
Measure:: 1            
Pay vs Performance Disclosure            
Name   Core EBITDA        
Measure:: 2            
Pay vs Performance Disclosure            
Name   Relative TSR        
Measure:: 3            
Pay vs Performance Disclosure            
Name   AFFO (Adjusted Funds from Operations)        
Robert S. Chambers [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount   $ 3,524,308 $ 0 $ 0 $ 0 $ 0
PEO Actually Paid Compensation Amount   $ 1,858,476 0 0 0 0
PEO Name   Robert S. Chambers        
George F. Chappelle [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount   $ 6,272,775 10,980,578 8,109,662 7,689,546 1,489,979
PEO Actually Paid Compensation Amount   845,967 $ 1,798,817 10,090,177 7,697,775 1,613,153
PEO Name     George F. Chappelle, who served as our Chief Executive officer through August, 2025.      
Fred Boehler [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount   0 $ 0 0 0 4,661,919
PEO Actually Paid Compensation Amount   0 0 0 0 (4,910,137)
PEO Name Fred Boehler          
PEO | Robert S. Chambers [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (1,665,832) 0 0 0 0
PEO | Robert S. Chambers [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (1,907,227) 0 0 0 0
PEO | Robert S. Chambers [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | Robert S. Chambers [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   987,839 0 0 0 0
PEO | Robert S. Chambers [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (705,821) 0 0 0 0
PEO | Robert S. Chambers [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (40,623) 0 0 0 0
PEO | Robert S. Chambers [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | Robert S. Chambers [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | Robert S. Chambers [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | George F. Chappelle [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (5,426,808) (9,181,761) 1,980,515 8,229 123,174
PEO | George F. Chappelle [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (4,528,423) (7,807,497) (4,967,302) (3,452,311) (1,260,006)
PEO | George F. Chappelle [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | George F. Chappelle [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   1,107,430 5,301,181 5,218,646 3,756,664 1,383,181
PEO | George F. Chappelle [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (1,843,497) (6,590,239) 1,714,020 0 0
PEO | George F. Chappelle [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (162,318) (85,206) 15,151 (296,125) 0
PEO | George F. Chappelle [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | George F. Chappelle [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | George F. Chappelle [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | Fred Boehler [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 (9,572,057)
PEO | Fred Boehler [Member] | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 (3,583,397)
PEO | Fred Boehler [Member] | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
PEO | Fred Boehler [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 489,419
PEO | Fred Boehler [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 (1,458,139)
PEO | Fred Boehler [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 (763,992)
PEO | Fred Boehler [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 273,131
PEO | Fred Boehler [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 (4,529,078)
PEO | Fred Boehler [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0 0
Non-PEO NEO            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (1,091,195) (1,372,016) 303,172 (14,299) (893,996)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (1,019,131) (1,153,311) (959,602) (861,488) (891,024)
Non-PEO NEO | Pension Adjustments Service Cost            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   317,451 758,079 1,008,158 907,540 659,162
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (362,673) (679,490) 238,980 (16,661) (567,834)
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   (26,841) 21,405 53,070 (43,690) (94,300)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 0 0 0
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   0 (318,700) (37,434) 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount   $ 0 $ 0 $ 0
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
We do not currently grant new awards of stock options, stock appreciation rights, or similar option-like instruments. Accordingly, we do not have a specific policy or practice on the timing of such awards in relation to the disclosure of material nonpublic information by the Company. In the event the Company determines to grant such awards in the future, the Board and the Compensation Committee will evaluate the appropriate steps to take in relation to the foregoing.
Award Timing Method we do not have a specific policy or practice on the timing
Award Timing MNPI Considered false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true