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

Director Clarke H. Bailey reports acquisition of phantom stock units and sale of common stock shares related to Iron Mountain's Directors Deferred Compensation Plan.

Summary

• On April 4, 2024, Clarke H. Bailey, a director of Iron Mountain Inc., reported a transaction involving phantom stock and common stock.
• Bailey acquired 690.932 phantom stock units due to reinvested dividends within the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• These phantom stock units are economically equivalent to shares of Iron Mountain common stock and will be payable upon disability or cessation of service as a director.
• Bailey also sold shares of Iron Mountain common stock at prices ranging from $79.989 to $80.149.
• Following these transactions, Bailey beneficially owns 85,821.257 shares of Iron Mountain common stock.
• The transactions were reported on a Form 4 filing with the SEC.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing detailing insider transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

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

This filing is a routine disclosure related to insider transactions and deferred compensation plans, common in publicly traded companies like Iron Mountain.

Comparison to Industry Standards

• Director compensation plans involving phantom stock are common among publicly traded companies.
• Companies like Digital Realty Trust and Equinix also utilize stock-based compensation for their directors.
• The reporting requirements under Section 16 of the Securities Exchange Act are standard practice for corporate insiders.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency regarding director compensation and stock ownership.

Key Dates