Form 4: Iron Mountain Executive Michelle Altamura Reports Stock Transactions
SEC Form 4
Michelle Altamura, EVP, General Counsel, and Secretary of Iron Mountain, reports acquisition and disposal of company stock and restricted stock units on March 1, 2025.
Summary
- Michelle Altamura, an executive at Iron Mountain, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
- On March 1, 2025, Altamura acquired shares through the vesting of restricted stock units (RSUs) and disposed of shares to cover tax obligations.
- Specifically, she acquired 1,074 shares from RSUs granted on March 1, 2022, 1,458 shares from RSUs granted on March 1, 2023, and 431 shares from RSUs granted on March 1, 2024.
- Simultaneously, she disposed of 358, 486, and 143 shares respectively to satisfy tax withholding requirements at a price of $93.17 per share.
- Following these transactions, Altamura directly owns 5,007 shares of Iron Mountain common stock and 3,219 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates standard compensation practices involving stock-based awards.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| March 1, 2022 | Date of grant for 3,221 restricted stock units vesting in three annual installments. |
| March 1, 2023 | Date of grant for 4,374 restricted stock units vesting in three annual installments. |
| March 1, 2024 | Date of grant for 1,295 restricted stock units vesting in three annual installments. |
| September 17, 2024 | Date of Power of Attorney granted to Christine Zhang. |
| March 1, 2025 | Date of stock transactions involving vesting of RSUs and disposal of shares for tax obligations. |
| March 4, 2025 | Date of Form 4 filing. |
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