Form 4: Iron Mountain Director Doyle Simons Acquires Phantom Stock Units

Director Doyle Simons acquired 2,385 phantom stock units in Iron Mountain Incorporated through participation in the Directors Deferred Compensation Plan.

Summary

• Doyle Simons, a director at Iron Mountain Incorporated, reported a transaction involving phantom stock.
• On May 30, 2024, Simons acquired 2,385 phantom stock units through participation in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• These phantom stock units are the economic equivalent of common stock and will be payable in shares of Iron Mountain common stock following disability or cessation of service as a director.
• Following the reported transaction, Simons beneficially owns 38,852.988 derivative securities.
• The phantom stock units vest on the grant date.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of phantom stock units by a director signals confidence in the company's future performance.

Future Outlook

The phantom stock units 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 routine disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is related to director compensation and does not involve significant changes in company operations or financial performance.

Key Dates