Form 4: Iron Mountain Director Theodore R. Samuels II Reports Phantom Stock Acquisition

Director Theodore R. Samuels II acquired phantom stock in Iron Mountain Incorporated through participation in the Directors Deferred Compensation Plan.

Summary

• Theodore R. Samuels II, a director of Iron Mountain Incorporated, reported a transaction involving phantom stock.
• The transaction occurred on April 4, 2024.
• Samuels acquired 25.992 shares of phantom stock through participation in the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• These shares give effect to dividends paid on Common Stock as if reinvested in Phantom Shares.
• Samuels beneficially owns 964.547 shares of common stock.
• The phantom stock will become payable in shares of Iron Mountain Incorporated common stock following the Reporting Person's disability or cessation of service as a director.
• Each Phantom Share is the economic equivalent of one share of Common Stock.
• Shares of Iron Mountain Incorporated common stock were sold in multiple transactions at prices ranging from $79.989 to $80.149, inclusive.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a routine filing related to director compensation.

Positives

• Director's participation in the deferred compensation plan indicates confidence in the company's future performance.

Future Outlook

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

Industry Context

Directors' participation in deferred compensation plans is a common practice in publicly traded companies, aligning their interests with those of shareholders.

Key Dates