Form 4: Iron Mountain Director Acquires Phantom Stock
Statement of Changes in Beneficial Ownership
Doyle R. Simons, a Director at Iron Mountain Inc., acquired 339.36 phantom shares on July 6, 2026, as part of the company's Directors Deferred Compensation Plan.
Summary
- Director Doyle R. Simons acquired 339.36 phantom shares of Iron Mountain Inc. on July 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 payable in common stock upon the director's disability or cessation of service.
- The acquisition reflects dividend reinvestment into phantom shares, with the value of the acquired shares being $116.79 each, totaling $39,594.93.
- Following this transaction, Mr. Simons beneficially owns 46,213.296 shares.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating continued director engagement and alignment through a standard deferred compensation plan, with no immediate financial impact or significant strategic shift.
Positives
- Director participation in deferred compensation plan indicates alignment with company long-term strategy.
- Reinvestment of dividends into phantom stock suggests confidence in future share value.
Future Outlook
The phantom shares will become payable in Iron Mountain Incorporated common stock following the Reporting Person's disability or cessation of service as a director.
Industry Context
StockSavvy.ai notes that director participation in deferred compensation plans and the acquisition of equity-like instruments such as phantom stock are common practices in the information management and storage industry, signaling management's long-term commitment and alignment with shareholder interests.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Doyle R. Simons granted a Power of Attorney to Deborah Marson, Keely Stewart, and Luke Cummiskey to prepare, sign, and file Section 16 filings (Forms 3, 4, and 5) on his behalf. | 04/17/2023 | Facilitates timely and accurate regulatory filings by delegating the administrative and signing authority. |
Stakeholder Impact
- Shareholders: The transaction reflects a standard compensation practice and does not immediately dilute share value. It may signal continued director commitment.
- Employees: The deferred compensation plan is a benefit for directors, not directly impacting general employee compensation.
- Management: Demonstrates alignment of director interests with the company's long-term performance.
Next Steps
- Payment of phantom shares in common stock upon director's disability or cessation of service.
Key Dates
| Date | Description |
|---|---|
| 04/17/2023 | Doyle R. Simons executed a Power of Attorney for Section 16 filings. |
| 07/06/2026 | Transaction date for the acquisition of phantom stock. |
| 07/07/2026 | Signature date for the Form 4 filing. |
Keywords
Iron Mountain, IRM, Form 4, Director, Phantom Stock, Deferred Compensation, Securities Exchange Act, Beneficial Ownership
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