Form 4: Iron Mountain Director Clarke H. Bailey Reports Changes in Beneficial Ownership

Director Clarke H. Bailey reports acquisition of phantom stock units and details of a power of attorney.

Summary

• On July 5, 2024, Clarke H. Bailey, a director of Iron Mountain Inc., reported changes in beneficial ownership.
• Bailey acquired 620.705 units of phantom stock related to the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• These phantom stock units are the economic equivalent of common stock and will be payable following disability or cessation of service as a director.
• The reported price is a weighted average of $92.37.
• Bailey also holds 88,826.962 shares of Iron Mountain common stock directly.
• The report also references a power of attorney granted to Deborah Marson, Keely Stewart, and Luke Cummiskey to handle Section 16 filings.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Positives

• The acquisition of phantom stock suggests continued alignment of the director's interests with the company's performance.

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 disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates