Americold Realty Trust Inc.
01/07/2025 | Press release | Distributed by Public on 01/07/2025 12:14
Management Change/Compensation Form 8 K
Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Financial Officer Base Salary and LTIP Market Adjustments
As of January 1, 2025, the base salary and annual grant target value under the Americold Realty Trust, Inc. (the "Company") 2017 Equity Incentive Plan payable to Jay Wells, the Company's EVP and Chief Financial Officer, were increased in accordance with a market adjustment approved by the Company's compensation committee. Prior to this increase, Mr. Wells's base salary was $575,000, and effective as of January 1, 2025, Mr. Wells's base salary is $640,000. Prior to this increase, the target value of Mr. Wells's annual equity award was $1,100,000, and for 2025, aligned with the Company's regular annual grant cycle, Mr. Wells will receive an equity award with a targeted value of $1,600,000.