Form 4: Iron Mountain Director Doyle Simons Acquires Phantom Stock and Disposes of Common Stock

Director Doyle Simons acquired phantom stock and disposed of common stock in Iron Mountain Incorporated.

Summary

• On October 2, 2024, Director Doyle Simons acquired 284.014 shares of phantom stock related to director compensation.
• Simultaneously, shares of Iron Mountain common stock were sold in multiple transactions at prices ranging from $118.789 to $118.869.
• Following these transactions, Simons beneficially owns 39,768.747 shares of Iron Mountain common stock.
• The phantom stock will become payable in shares of Iron Mountain common stock following the director's disability or cessation of service.

Sentiment

Score: 5

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

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, in their own company's stock. This allows the public to monitor insider activity, which can sometimes provide insights into the company's prospects.

Stakeholder Impact

• Shareholders may be interested in the director's stock transactions as an indicator of confidence in the company's future performance.

Key Dates