Form 4: Iron Mountain Director Trades Phantom Stock

Theodore R. Samuels II, a Director at Iron Mountain Inc., acquired phantom stock units valued at $116.61 per unit, totaling 310.86 units, on July 2, 2026, as part of the Directors Deferred Compensation Plan.

Summary

• Director Theodore R. Samuels II acquired 310.86 phantom stock units on July 2, 2026.
• These phantom shares are the economic equivalent of Iron Mountain Incorporated common stock.
• The acquisition is part of the company's Directors Deferred Compensation Plan.
• The value of each phantom share is equivalent to the price of one share of common stock, which was $116.61 at the time of the transaction.
• The total value of the acquired phantom stock is $36,240.13 (310.86 units * $116.61/unit).
• These shares will be payable in Iron Mountain Incorporated common stock upon the reporting person's disability or cessation of service as a director.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine compensation and director participation in a deferred compensation plan rather than a significant strategic event or financial performance indicator.

Positives

• Director participation in deferred compensation plans indicates alignment with long-term company value.
• The reinvestment of quarterly cash compensation into phantom stock suggests confidence in future share price appreciation.

Risks

• The value of the phantom stock is tied to the performance of Iron Mountain Incorporated common stock, meaning any decline in share price will directly impact the value of these units.
• Cessation of service as a director or disability are triggers for payout, which are events outside of direct control.

Future Outlook

The phantom stock units will be settled in shares of Iron Mountain Incorporated common stock upon the reporting person's disability or cessation of service as a director.

Industry Context

StockSavvy.ai notes that the use of phantom stock and deferred compensation plans is a common practice in the technology and information services sectors to attract and retain executive and director talent, aligning their interests with shareholders.

Corporate Governance

Related Party Transactions

• The acquisition of phantom stock by Director Theodore R. Samuels II under the Directors Deferred Compensation Plan represents a transaction between the company and its director.

Stakeholder Impact

• Shareholders: The transaction reflects a standard compensation practice and does not immediately impact share count or ownership structure, but the future issuance of shares will dilute existing ownership.

Next Steps

• The phantom stock will be settled in common stock upon the occurrence of specific events (disability or cessation of service).

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Iron Mountain, IRM, Director Compensation, Phantom Stock, Deferred Compensation Plan, Theodore R. Samuels II