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

Director Theodore R. Samuels II reports acquisition of phantom stock units and sale of Iron Mountain common stock.

Summary

• Theodore R. Samuels II, a director of Iron Mountain Incorporated, filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 45.732 phantom stock units on January 7, 2025, due to dividend reinvestment.
• These phantom stock units are payable in Iron Mountain common stock upon disability or cessation of service as a director.
• Each phantom share is economically equivalent to one share of common stock.
• Samuels also sold shares of common stock at prices ranging from $103.329 to $103.734.
• Following these transactions, Samuels beneficially owns 4,691.438 shares of Iron Mountain common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders, such as directors and officers, in their company's stock. This allows investors to monitor insider activity, which can provide insights into management's perspective on the company's valuation and future prospects.

Key Dates