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

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

Summary

• Doyle Simons, a director at Iron Mountain Incorporated, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 273.408 phantom stock units on July 5, 2024, related to 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 Incorporated common stock following the director's disability or cessation of service.
• The director now beneficially owns 39,126.396 derivative securities.
• 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 $92.129 to $92.459, inclusive.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a routine disclosure of director compensation.

Future Outlook

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

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.

Key Dates