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

Theodore R. Samuels II, a director at Iron Mountain, acquired phantom stock equivalent to 385.11 shares of common stock through the company's Directors Deferred Compensation Plan.

Summary

• On April 18, 2024, Theodore R. Samuels II, a director of Iron Mountain Incorporated, acquired 385.11 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 price reported in Column 8 is a weighted average price.
• These shares of Iron Mountain Incorporated common stock ('Common Stock') were sold in multiple transactions at prices ranging from $74.609 to $74.719, inclusive.
• Following the transaction, Samuels directly owns 1,349.657 shares of Iron Mountain common stock.
• Keely Stewart, under Power of Attorney, signed the report on April 22, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and ongoing relationship between the director and the company. It's a neutral event with a slightly positive undertone due to the director's continued investment in the company.

Positives

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

Future Outlook

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

Industry Context

Directors often participate in deferred compensation plans as a way to align their interests with the long-term performance of the company. This is a fairly standard practice.

Comparison to Industry Standards

• Deferred compensation plans for directors are common across publicly traded companies.
• The specific terms of Iron Mountain's plan would need to be compared to those of peer companies to assess its competitiveness.

Related Party Transactions

• The acquisition of phantom stock through the Directors Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It signals continued alignment between the director's interests and those of the shareholders.

Key Dates