Form 4: Iron Mountain Director Acquires Phantom Stock
Insider Transaction Report
Iron Mountain Director Doyle Simons acquired 459.793 phantom shares, increasing his beneficial ownership to 45,494.246 shares.
Summary
- Director Doyle Simons acquired 459.793 phantom shares of Iron Mountain Incorporated (IRM) on January 6, 2026.
- The phantom shares were acquired at a weighted average price of $84.625 per share, with individual transaction prices ranging from $84.304 to $84.979.
- Following this transaction, Simons beneficially owns a total of 45,494.246 phantom shares.
- These phantom shares are economic equivalents of common stock and are payable in common stock upon the reporting person's disability or cessation of service as a director.
- The acquired shares reflect dividends paid on common stock as if reinvested in phantom shares.
Sentiment
Score: 7
Explanation: The acquisition of additional phantom stock by a director, especially through a deferred compensation plan that includes dividend reinvestment, generally signals confidence in the company's long-term performance and aligns management interests with shareholders.
Positives
- Director Doyle Simons increased his beneficial ownership in Iron Mountain Incorporated through the acquisition of additional phantom shares, signaling continued alignment with shareholder interests.
- The phantom shares are part of a deferred compensation plan and include dividend reinvestment, indicating a long-term commitment and confidence in the company's performance.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Disclosure of Compensation Plan | Details of the Iron Mountain Incorporated Directors Deferred Compensation Plan, under which Director Doyle Simons acquired phantom stock. The plan allows for phantom shares to become payable in common stock upon disability or cessation of service, and includes dividend reinvestment. | NA | Reinforces director alignment with long-term shareholder value through deferred equity compensation. |
Related Party Transactions
- Director Doyle Simons acquired phantom stock from Iron Mountain Incorporated as part of the company's Directors Deferred Compensation Plan, a standard compensation arrangement.
Stakeholder Impact
- Shareholders: The acquisition by a director may be viewed as a positive signal of confidence in the company's future prospects and aligns director interests with shareholder value.
Next Steps
- Phantom shares will become payable in shares of Iron Mountain Incorporated common stock following the reporting person's disability or cessation of service as a director.
Key Dates
| Date | Description |
|---|---|
| 04/17/2023 | Date of Power of Attorney granted by Doyle R. Simons to sign Section 16 filings. |
| 01/06/2026 | Date of phantom stock acquisition transaction. |
| 01/08/2026 | Date the Form 4 was signed. |
Keywords
Iron Mountain, IRM, Doyle Simons, Phantom Stock, Director Compensation, Insider Transaction, SEC Form 4
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