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

Director Doyle Simons reports acquisition of phantom stock units related to the Iron Mountain 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 the acquisition of phantom stock units through the Iron Mountain Incorporated Directors Deferred Compensation Plan on April 3, 2025, and April 4, 2025.
• On April 3, 2025, 420.226 phantom stock units were acquired at a weighted average price of $83.289.
• On April 4, 2025, 398.583 phantom stock units were acquired at a weighted average price of $79.987, reflecting reinvested dividends.
• Following these transactions, Simons beneficially owns 41,431.867 phantom stock units.
• These phantom stock units are payable in shares of Iron Mountain common stock following the director's disability or cessation of service.

Sentiment

Score: 7

Explanation: The document reflects routine director compensation activity, which is generally neutral to positive as it aligns director interests with shareholders. The transactions are part of a pre-existing plan.

Future Outlook

The phantom stock units will be payable in shares of Iron Mountain common stock following the Reporting Person's disability or cessation of service as a director.

Industry Context

Directors often receive stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Director compensation packages vary across industries and companies, but equity-based compensation is a common component.
• Comparing Iron Mountain's director compensation structure to that of peers like Equinix or Digital Realty Trust would provide further context.
• Deferred compensation plans are frequently used to provide tax-advantaged savings opportunities for directors.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

Keywords

Form 4, Iron Mountain, Doyle Simons, Phantom Stock, Director, Beneficial Ownership, Deferred Compensation, IRM