Form 4: Iron Mountain Director Doyle Simons Reports Phantom Stock Acquisition

Director Doyle Simons reports acquisition of phantom stock units related to director compensation.

Summary

• Doyle Simons, a director at Iron Mountain Incorporated, filed a Form 4 on July 11, 2024, reporting a transaction on July 10, 2024.
• The transaction involved the acquisition of 358.337 shares of phantom stock due to director compensation.
• These phantom stock units are payable in shares of Iron Mountain common stock following the director's disability or cessation of service.
• Each phantom share is economically equivalent to one share of common stock.
• Following the reported transaction, Simons beneficially owns 39,484.733 shares of phantom stock.
• The price reported in Column 8 is a weighted average price. These shares of Iron Mountain Incorporated common stock ('Common Stock') were sold in multiple transactions at prices ranging from $94.079 to $94.249, inclusive.

Sentiment

Score: 7

Explanation: The document reports a routine transaction related to director compensation, which is neutral to slightly positive as it reflects ongoing commitment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock related to director compensation.

Key Dates