Form 4: Iron Mountain Director Acquires Phantom Stock Through Deferred Compensation Plan

Iron Mountain director Theodore R. Samuels II acquired phantom stock units equivalent to 283.482 shares of common stock through the company's deferred compensation plan.

Summary

• Director Theodore R. Samuels II acquired 283.482 phantom stock units of Iron Mountain Inc. through the company's Directors Deferred Compensation Plan.
• These phantom stock units are economically equivalent to shares of common stock and will be payable upon the director's disability or cessation of service.
• The acquisition reflects the reinvestment of the director's quarterly cash compensation.
• The weighted average price of the underlying common stock was $105.827, with individual transactions ranging from $105.744 to $105.969.
• Following this transaction, Mr. Samuels beneficially owns 4,645.706 shares of Iron Mountain common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. The acquisition of phantom stock aligns director interests with the company's long-term performance.

Positives

• The acquisition of phantom stock units demonstrates the director's continued investment in the company.
• The deferred compensation plan aligns director interests with long-term company performance.

Future Outlook

The phantom stock units will become payable in shares of Iron Mountain common stock upon the director's disability or cessation of service.

Industry Context

This filing is a routine disclosure of a director's stock transactions, which is common practice for publicly traded companies.

Comparison to Industry Standards

• Director compensation through deferred stock plans is a common practice among publicly listed companies, including those in the real estate and data management sectors.
• Companies like Equinix and Digital Realty also use similar compensation structures to align director interests with shareholder value.
• The specific terms of the plan, such as vesting and payout conditions, are typical for these types of arrangements.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with long-term company performance.

Key Dates

Keywords

Iron Mountain, Director, Phantom Stock, Deferred Compensation, Beneficial Ownership, IRM, SEC Form 4