Form 4: Iron Mountain EVP Vests Shares, Covers Taxes
Insider Transaction Report
Jemma Johns, Iron Mountain's EVP and CHRO, reported the vesting of 1,909 restricted stock units and the subsequent sale of 944 shares to satisfy tax obligations.
Summary
- Jemma Johns, EVP, CHRO of Iron Mountain Inc. (IRM), reported transactions on January 2, 2026.
- 1,909 restricted stock units (RSUs) vested, representing a contingent right to receive one share of Common Stock per RSU.
- These vested RSUs were part of a grant of 5,728 RSUs made on January 2, 2025, vesting in three substantially equal annual installments.
- Following the vesting, 1,909 shares of Common Stock were acquired at a price of $0.
- Concurrently, 944 shares of Common Stock were disposed of at a price of $83.24 per share, typically to cover tax withholding related to the RSU vesting.
- After these transactions, Jemma Johns beneficially owns 965 shares of Common Stock and 3,819 unvested Restricted Stock Units.
Sentiment
Score: 6
Explanation: The filing reports a routine executive compensation event (RSU vesting) and a standard tax-related share disposition. It's a neutral event with a slight positive tilt due to the executive realizing compensation.
Positives
- Vesting of 1,909 restricted stock units (RSUs) indicates a portion of executive compensation has been realized.
- The acquisition of 1,909 shares of Common Stock at a $0 price reflects the conversion of RSUs into equity.
Negatives
- The disposition of 944 shares of Common Stock at $83.24 reduces the direct equity holdings of the EVP, though this is a common practice for tax withholding.
Future Outlook
NA
Industry Context
This is a routine insider transaction filing, common across all industries, where executives report changes in their beneficial ownership of company securities, often related to compensation plans like restricted stock unit vesting.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Power of Attorney | Jemma Johns granted a Power of Attorney to Michelle Altamura, Keely Stewart, Christine Zhang, and Luke Cummiskey to prepare, sign, and file Section 16 reports (Forms 3, 4, and 5) on her behalf. | January 14, 2025 | Enhances administrative efficiency for compliance with SEC reporting requirements for insider transactions. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine executive compensation event and tax-related sale, not indicative of a change in company fundamentals or strategy.
- Management: Jemma Johns realizes a portion of her long-term incentive compensation.
Next Steps
- Remaining 3,819 Restricted Stock Units are expected to vest in two additional substantially equal annual installments on the subsequent anniversaries of the January 2, 2025 grant date.
Key Dates
| Date | Description |
|---|---|
| January 14, 2025 | Date Power of Attorney was granted by Jemma Johns for Section 16 filings. |
| January 2, 2025 | Date of the original grant of 5,728 Restricted Stock Units to Jemma Johns. |
| January 2, 2026 | Date of the reported transactions, including the partial vesting of Restricted Stock Units and subsequent share acquisition and disposition. |
| January 6, 2026 | Date the Form 4 was signed. |
Keywords
Iron Mountain, IRM, Insider Trading, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Transaction, Corporate Officer
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