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 participation in the Iron Mountain Directors Deferred Compensation Plan.

Summary

• Doyle Simons, a director at Iron Mountain Incorporated (IRM), filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the acquisition of 289.958 phantom stock units on April 4, 2024, related to dividends paid on common stock as if reinvested in Phantom Shares.
• Simons also sold shares of Iron Mountain common stock in multiple transactions at prices ranging from $79.989 to $80.149.
• Following these transactions, Simons beneficially owns 36,015.902 shares of Iron Mountain common stock.
• The phantom stock units 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 routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The phantom stock units will be converted to common stock upon the director's disability or cessation of service.

Industry Context

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

Key Dates