Form 4: Iron Mountain Director Clarke H. Bailey Reports Acquisition of Phantom Stock

Director Clarke H. Bailey reports acquisition of phantom stock units under Iron Mountain's deferred compensation plan.

Summary

• Clarke H. Bailey, a director of Iron Mountain Inc., filed a Form 4 on June 3, 2024, reporting a transaction that occurred on May 30, 2024.
• The transaction involves the acquisition of 2,385 phantom stock units.
• These phantom stock units are related to the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• The phantom shares will become payable in shares of Iron Mountain common stock following Bailey's disability or cessation of service as a director.
• Each phantom share is economically equivalent to one share of common stock.
• Following the reported transaction, Bailey beneficially owns 88,206.257 shares of phantom stock directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's performance.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan allows directors to defer income and potentially reduce their current tax liability.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates