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

Director Doyle Simons reports acquisition of phantom stock units and sale of common stock shares related to Iron Mountain's Directors Deferred Compensation Plan.

Summary

• Doyle Simons, a director at Iron Mountain Incorporated, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates an acquisition of 237.472 phantom stock units related to the Iron Mountain Incorporated Directors Deferred Compensation Plan on October 3, 2024.
• These phantom shares are economically equivalent to common stock and will be payable upon disability or cessation of service as a director.
• The report also notes the sale of common stock shares in multiple transactions at prices ranging from $118.729 to $119.114 on October 3, 2024.
• Following these transactions, Simons beneficially owns 40,006.219 shares of Iron Mountain common stock.
• The filing was signed by Keely Stewart under a power of attorney dated April 17, 2023.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

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

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• The filing provides transparency regarding director compensation and stock transactions.

Key Dates