Form 4: Iron Mountain Director Acquires Phantom Stock

Doyle R. Simons, a Director at Iron Mountain Inc., has acquired 379.69 phantom shares as part of the company's Directors Deferred Compensation Plan.

Summary

• Doyle R. Simons, a Director of Iron Mountain Inc. (IRM), acquired 379.69 phantom shares on April 6, 2026.
• These phantom shares are part of the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• The phantom shares are economically equivalent to common stock and will be paid out in common stock upon the director's disability or cessation of service.
• The acquisition reflects dividend reinvestment into the phantom stock holdings.
• The reporting person's holdings now stand at 45,873.936 shares of common stock, held directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard director compensation and ownership update rather than a significant strategic or financial event.

Positives

• Director participation in deferred compensation plans indicates alignment with long-term company performance.
• The acquisition of phantom stock, which mirrors common stock performance, suggests confidence in the company's future value.
• Dividend reinvestment into phantom shares shows continued accumulation of value tied to the company's stock.

Risks

• The value of phantom stock is tied to the performance of Iron Mountain's common stock, meaning any decline in stock price will negatively impact the value of these holdings.
• Cessation of service or disability, while not inherently negative, triggers the payout of these shares, which could be at a lower value if the stock price has declined.

Future Outlook

The phantom shares will be paid out in Iron Mountain Incorporated common stock following the Reporting Person's disability or cessation of service as a director, reflecting the future value of the company's stock.

Industry Context

StockSavvy.ai notes that director participation in deferred compensation plans is a common practice in the information management and storage industry, aligning executive interests with shareholder value over the long term.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock is part of the Iron Mountain Incorporated Directors Deferred Compensation Plan, which is a related party transaction between the company and its director.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock by a director reinforces alignment of interests, suggesting confidence in future stock performance.
• Employees: The plan highlights the company's commitment to retaining directors by offering long-term incentives.
• Management: The filing is a routine disclosure for management and directors regarding their beneficial ownership.

Next Steps

• The phantom shares will be converted to Iron Mountain Incorporated common stock upon the director's disability or cessation of service.

Key Dates

Keywords

Iron Mountain, IRM, Form 4, Director, Phantom Stock, Deferred Compensation, Securities Ownership, Insider Trading, SEC Filing