Form 4: Iron Mountain Director June Yee Felix Acquires 2,249 Shares Through RSU Grant
Insider Transaction Report
Iron Mountain Director June Yee Felix acquired 2,249 shares of common stock on May 29, 2025, through the settlement of restricted stock units, increasing her total beneficial ownership to 2,991 shares.
Summary
- June Yee Felix, a Director of Iron Mountain Inc. (IRM), acquired 2,249 shares of the company's common stock.
- The transaction occurred on May 29, 2025, and was an acquisition (Code A).
- The shares were acquired at a price of $0, indicating they were part of a grant.
- The acquisition consists of shares issuable upon the settlement of restricted stock units (RSUs) granted on May 29, 2025.
- The RSUs vested in their entirety on the grant date, May 29, 2025.
- Following this transaction, June Yee Felix beneficially owns a total of 2,991 shares of Iron Mountain Inc. common stock.
- The filing was signed by Christine Zhang under a Power of Attorney dated November 21, 2024, granted by June Yee Felix.
Sentiment
Score: 7
Explanation: The acquisition of shares by a director, even through an RSU grant, generally aligns management's interests with shareholders, which is a positive signal. The immediate vesting of the RSUs is also favorable for the recipient.
Positives
- The acquisition of shares by a director, even through a grant, aligns the director's interests with those of the shareholders.
- The restricted stock units (RSUs) vested immediately on the grant date, providing immediate ownership to the director.
Industry Context
This Form 4 filing represents a routine insider transaction related to director compensation. Such grants are common practice across various industries to align the interests of company leadership with shareholder value. It does not provide insights into broader industry trends or competitive dynamics.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | June Yee Felix granted a Power of Attorney to specific individuals (Michelle Altamura, Keely Stewart, Christine Zhang, Luke Cummiskey) to prepare, sign, and file Section 16 filings (Forms 3, 4, and 5) on her behalf. | November 21, 2024 | This streamlines the compliance process for insider trading reporting requirements for the director, ensuring timely and accurate filings. |
Related Party Transactions
- The grant of 2,249 restricted stock units (RSUs) to Director June Yee Felix, which settled into common stock, constitutes a related party transaction as it involves compensation from the company to a member of its board of directors.
Stakeholder Impact
- Shareholders: The acquisition of shares by a director, even through a grant, can be viewed positively as it increases the director's personal stake in the company, potentially aligning their financial interests more closely with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| November 21, 2024 | Date June Yee Felix granted Power of Attorney to Michelle Altamura, Keely Stewart, Christine Zhang, and Luke Cummiskey for Section 16 filings. |
| May 29, 2025 | Date of RSU grant and settlement, resulting in the acquisition of 2,249 shares of common stock. |
| June 02, 2025 | Date the Form 4 was signed and filed. |
Keywords
Iron Mountain, IRM, Form 4, SEC filing, insider transaction, restricted stock units, RSU, stock grant, director compensation, beneficial ownership
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