4/A: Iron Mountain Director Corrects Stock Type in Form 4 Filing

Theodore R. Samuels, a director at Iron Mountain, filed an amended Form 4 to correct the stock type from 'Common Stock' to 'Phantom Stock' related to a previous transaction.

Summary

• The document is an amended SEC Form 4/A filed by Theodore R. Samuels, a director of Iron Mountain Incorporated (IRM).
• The amendment corrects an error in the original Form 4 filed on July 18, 2023, which incorrectly identified the stock type as 'Common Stock'.
• The corrected form specifies that the stock type should be 'Phantom Stock' related to the director's participation in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• The phantom stock shares will become payable in shares of Iron Mountain Incorporated common stock following the Reporting Person's disability or cessation of service as a director.
• Each Phantom Share is the economic equivalent of one share of Common Stock.
• The director beneficially owns 6,955.438 shares of Phantom Stock.
• The original transaction occurred on July 17, 2023, involving the acquisition of 2,264 shares of phantom stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a clerical error in a regulatory filing. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing is an amendment to correct a clerical error, which is not uncommon.

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