Form 4: Iron Mountain Director Kent Dauten Receives 2,249 Restricted Stock Units

Iron Mountain Inc. Director Kent P. Dauten was granted 2,249 shares of common stock through restricted stock units (RSUs) on May 29, 2025, increasing his total beneficial ownership to 1,207,681 shares.

Summary

• Kent P. Dauten, a Director of Iron Mountain Inc. (IRM), acquired 2,249 shares of common stock.
• The acquisition occurred on May 29, 2025, and was in the form of restricted stock units (RSUs).
• These RSUs vested in their entirety on the grant date, meaning the shares are immediately issuable.
• The transaction price for these shares was $0, typical for RSU grants as part of compensation.
• Following this transaction, Mr. Dauten's total beneficial ownership in Iron Mountain Inc. stands at 1,207,681 shares.
• The filing was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director receiving equity compensation aligns their interests with shareholders, which is generally viewed favorably. However, it's a routine compensation event rather than a strategic investment.

Positives

• The grant of restricted stock units to a director aligns the director's interests with those of the shareholders, as their compensation is tied to the company's equity performance.
• The immediate vesting of the RSUs on the grant date provides the director with immediate ownership, potentially signaling confidence.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Management Comments

• The filing was signed by Keely Stewart, under Power of Attorney dated April 17, 2023, from Kent P. Dauten.

Industry Context

This filing is a routine disclosure of an insider transaction, specifically a director's equity compensation. It does not provide insights into broader industry trends for the information management or data center sectors in which Iron Mountain operates, nor does it reflect on competitive dynamics.

Stakeholder Impact

• Shareholders: The RSU grant to a director can be seen as a positive for shareholders as it aligns the director's financial interests with the company's stock performance, potentially encouraging decisions that enhance shareholder value.

Key Dates

Keywords

Iron Mountain, IRM, SEC Form 4, Insider Transaction, Director Compensation, Restricted Stock Units, RSU Grant, Beneficial Ownership, Equity Compensation