AMERICOLD REALTY TRUST

Our Compensation Committee believes that attracting, motivating and retaining high-caliber executive officers requires providing annual compensation, both in cash and equity-based incentives, that is competitive and aligned with the interests of our shareholders. Pay-for-performance remains a priority, reflected in both our Company’s financial and market performance and in the achievement of long-term growth and strategic objectives. Each year, the Compensation Committee reviews the CEO’s and other NEO’s progress against their strategic objectives and approves the objectives used for the individual performance component of our Annual Incentive Plan (“AIP”).