Form 4: Director Doyle Simons Receives Iron Mountain Equity Grant
Statement of Changes in Beneficial Ownership
Iron Mountain Director Doyle Simons was granted 1,892 restricted stock units that vested immediately on May 7, 2026.
Summary
- Director Doyle Simons acquired 1,892 shares of Iron Mountain Incorporated (IRM) common stock.
- The acquisition resulted from the settlement of restricted stock units (RSUs) granted on May 7, 2026.
- The RSUs vested in their entirety on the grant date.
- The reporting person also holds 45,873.936 shares of phantom stock under the Directors Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company strategy or financial outlook.
Positives
- Director alignment with shareholder interests through equity ownership.
- Immediate vesting of RSU grants indicates standard director compensation practices.
Negatives
- None identified.
Risks
- Phantom stock holdings are subject to the terms of the Directors Deferred Compensation Plan and are payable only upon disability or cessation of service.
Future Outlook
No specific forward-looking guidance regarding company operations was provided in this filing.
Industry Context
StockSavvy.ai notes that this filing represents standard corporate governance and director compensation activity within the information management and storage sector, reflecting typical equity-based incentive structures for board members.
Comparison to Industry Standards
- The use of RSUs for director compensation is consistent with standard practices among S&P 500 and REIT-structured companies.
- Deferred compensation plans for directors are common in large-cap public companies to encourage long-term retention and alignment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation | Grant of 1,892 RSUs to Director Doyle Simons. | 05/07/2026 | Standard equity compensation; no material impact on governance structure. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard director compensation event.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 04/17/2023 | Date of Power of Attorney execution. |
| 05/07/2026 | Grant date of RSUs and date of earliest transaction. |
| 05/11/2026 | Date of filing signature. |
Keywords
Iron Mountain, IRM, Form 4, Director Compensation, Insider Trading, Restricted Stock Units, Doyle Simons
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