Form 4: Iron Mountain Director Theodore R. Samuels II Reports Phantom Stock and Common Stock Transactions

Director Theodore R. Samuels II reports acquisition of phantom stock and common stock through Iron Mountain's Directors Deferred Compensation Plan.

Summary

• Theodore R. Samuels II, a director of Iron Mountain Incorporated, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates acquisitions of phantom stock and common stock related to the Iron Mountain Incorporated Directors Deferred Compensation Plan.
• On April 3, 2025, Samuels acquired 420.226 shares of phantom stock at a weighted average price of $83.289.
• On April 4, 2025, Samuels acquired 68.262 shares of phantom stock at a weighted average price of $79.987, reflecting reinvested dividends.
• Following these transactions, Samuels beneficially owns 7,443.926 shares of phantom stock.
• The phantom stock will become payable in shares of Iron Mountain Incorporated common stock following Samuels' disability or cessation of service as a director.

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to a deferred compensation plan, suggesting a neutral to slightly positive sentiment as it indicates director's continued investment in the company.

Positives

• The 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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.

Comparison to Industry Standards

• Comparing Iron Mountain's director compensation plan to those of similar REITs like Digital Realty Trust (DLR) or Equinix (EQIX) could provide insights into industry norms.
• Analyzing the proportion of equity-based compensation in Iron Mountain's plan relative to its peers would offer a benchmark for assessing its competitiveness.
• Reviewing the vesting schedules and payout terms of phantom stock plans at companies such as Prologis (PLD) or Alexandria Real Estate Equities (ARE) could highlight any unique features of Iron Mountain's plan.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's holdings and alignment with company performance.

Key Dates

Keywords

Form 4, Iron Mountain, Director, Phantom Stock, Common Stock, Beneficial Ownership, Deferred Compensation Plan, IRM