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

Director Clarke H. Bailey reports acquisition of phantom stock units related to the Iron Mountain Directors Deferred Compensation Plan.

Summary

• On October 3, 2024, Clarke H. Bailey, a director of Iron Mountain Inc., reported the acquisition of 534.228 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 the director's disability or cessation of service.
• Each phantom share is the economic equivalent of one share of common stock.
• The reported transaction also reflects dividends paid on common stock as if reinvested in phantom shares.
• Bailey also sold shares of Iron Mountain common stock in multiple transactions at prices ranging from $118.729 to $119.114.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey strong positive or negative sentiment, but rather provides factual information.

Future Outlook

The phantom shares 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

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include deferred compensation plans and phantom stock awards to align management interests with shareholder value.
• Similar filings are regularly made by directors and officers of publicly traded REITs such as Digital Realty Trust (DLR) and Equinix (EQIX).

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership and compensation of a company director.
• It assures stakeholders that directors' interests are aligned with those of the shareholders through equity-based compensation.

Key Dates