Form 4: Iron Mountain Executive Mithu Bhargava Reports Stock Transactions
SEC Form 4
EVP Mithu Bhargava reports stock transactions including vesting of restricted stock units and sales of common stock.
Summary
- Mithu Bhargava, EVP, GM Digital Business Unit at Iron Mountain Incorporated, filed a Form 4 detailing changes in beneficial ownership.
- On March 1, 2025, 2,662 restricted stock units (RSUs) vested, converting into common stock.
- Also on March 1, 2025, 924 shares were disposed of to cover tax obligations at a price of $93.17.
- On March 3, 2025, Bhargava sold 1,738 shares at $92.84 per share.
- Following these transactions, Bhargava directly owns 13,054 shares of common stock and 8,264 restricted stock units.
- The filing also includes a power of attorney granted on November 19, 2024, authorizing Keely Stewart, Christine Zhang, and Luke Cummiskey to act on Bhargava's behalf for Section 16 filings.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing stock transactions, which is neutral in sentiment.
Negatives
- Mithu Bhargava sold 1,738 shares at $92.84 per share on March 3, 2025.
Industry Context
Executive stock transactions are a normal part of corporate governance and are publicly disclosed to ensure transparency.
Stakeholder Impact
- Shareholders may be interested in executive stock transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 2023-03-01 | Restricted stock units (7,987 shares) were granted to the Reporting Person and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 2024-11-19 | Power of Attorney granted to Keely Stewart, Christine Zhang, and Luke Cummiskey. |
| 2025-03-01 | 2,662 Restricted Stock Units vested and 8,264 Restricted Stock Units were granted to the Reporting Person and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. |
| 2025-03-01 | 924 shares were disposed of to cover tax obligations at a price of $93.17. |
| 2025-03-03 | 1,738 shares were sold at $92.84 per share. |
| 2025-03-04 | Date of Form 4 filing. |
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