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

Director Theodore R. Samuels II acquired phantom stock in Iron Mountain Incorporated through participation in the company's Directors Deferred Compensation Plan.

Summary

• On October 2, 2024, Theodore R. Samuels II, a director of Iron Mountain Incorporated, acquired 241.938 shares of phantom stock.
• This acquisition was made through the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• The phantom stock is the economic equivalent of common stock and will be payable in shares of Iron Mountain common stock following the director's disability or cessation of service.
• The reported price is a weighted average price of $118.832.
• Following the transaction, Samuels beneficially owns 4,324.057 shares of Iron Mountain common stock.
• The filing was signed by Keely Stewart under Power of Attorney dated July 6, 2023.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's participation in the deferred compensation plan suggests confidence in the company's future performance. However, it's a routine transaction.

Positives

• Director's participation in the deferred compensation plan demonstrates confidence in the company's future.

Future Outlook

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

Industry Context

Directors' deferred compensation plans are common in publicly traded companies as a way to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Comparing Iron Mountain's director compensation plan to those of similar REITs (Real Estate Investment Trusts) such as Digital Realty Trust (DLR) or Equinix (EQIX) would provide a benchmark for assessing its competitiveness and alignment with industry practices.
• Analyzing the percentage of director compensation allocated to deferred stock versus cash or other benefits can reveal insights into the company's long-term incentives.
• Reviewing proxy statements of peer companies can offer a comparative analysis of director compensation structures and their impact on shareholder value.

Stakeholder Impact

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

Key Dates