Iron Mountain (IRM) EVP vests major stock awards and withholds shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iron Mountain EVP Mithu Bhargava, head of the Digital Business Unit, reported multiple equity award vestings and related share movements on March 1, 2026. Performance units and restricted stock units converted into common stock, including blocks of 61,113 and 51,919 shares from performance units and several smaller RSU conversions.
The company withheld shares at $108.33 per share to cover income tax obligations tied to these vestings, which footnotes clarify do not represent open‑market sales. After all transactions, Bhargava directly owned 75,779 common shares, including 201 shares acquired through the employee stock purchase plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
118,449 shares exercised/converted
Mixed
13 txns
Insider
Bhargava Mithu
Role
EVP, GM Digital Business Unit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 51,919 | $0.00 | -- |
| Exercise | Performance Units | 61,113 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,663 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,754 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 9,692 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 51,919 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 25,102 | $108.33 | $2.72M |
| Exercise | Common Stock, par value $.01 per share | 61,113 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 28,205 | $108.33 | $3.06M |
| Exercise | Common Stock, par value $.01 per share | 2,663 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 1,287 | $108.33 | $139K |
| Exercise | Common Stock, par value $.01 per share | 2,754 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 1,331 | $108.33 | $144K |
Holdings After Transaction:
Performance Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock, par value $.01 per share — 65,174 shares (Direct)
Footnotes (1)
- This acquisition is reported to reflect the full vesting of performance units ("PUs") previously granted to the Reporting Person on March 1, 2023. Effective February 16, 2026, the Compensation Committee of Iron Mountain Incorporated's Board of Directors determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs fully vested on March 1, 2026. Includes 201 shares of Common Stock acquired under the Iron Mountain Incorporated Employee Stock Purchase Plan since the last Section 16 filing by the Reporting Person. Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding obligation in connection with the net settlement of the PUs and does not represent a sale. This acquisition is reported to reflect the full vesting of PUs previously granted to the Reporting Person on July 3, 2023. Effective February 16, 2026, the Compensation Committee of Iron Mountain Incorporated's Board of Directors determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs fully vested on March 1, 2026. This acquisition is reported to reflect the full vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2023. Represents the number of shares of Common Stock that have been withheld by the Issuer to satisfy its income tax withholding obligation in connection with the net settlement of the RSUs and does not represent a sale. This acquisition is reported to reflect the partial vesting of RSUs previously granted to the Reporting Person on March 1, 2025. Each PU represents a contingent right to receive one share of Common Stock. The PUs were initially granted to the Reporting Person on March 1, 2023. Effective as of February 16, 2026, the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs fully vested on March 1, 2026. The PUs were initially granted to the Reporting Person on July 3, 2023. Effective as of February 16, 2026, the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs fully vested on March 1, 2026. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs, representing a contingent right to receive a total of 7,987 shares of Common Stock, were granted to the Reporting Person on March 1, 2023 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The RSUs, representing a contingent right to receive a total of 8,264 shares of Common Stock, were granted to the Reporting Person on March 1, 2025 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The RSUs, representing a contingent right to receive a total of 9,692 shares of Common Stock, were granted to the Reporting Person on March 1, 2026 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did IRON MOUNTAIN INC (IRM) report for Mithu Bhargava?
Iron Mountain reported that EVP Mithu Bhargava had performance units and restricted stock units vest and convert into common stock. Several blocks, including 61,113 and 51,919 shares, became common stock, alongside smaller RSU settlements on March 1, 2026.
What equity awards vested for Mithu Bhargava at IRON MOUNTAIN INC?
The filing shows full vesting of performance units granted in March 2023 and July 2023, plus vesting of restricted stock units granted in March 2023 and a partial vesting of RSUs granted in March 2025. New RSUs totaling 9,692 units were also granted in March 2026.
What new restricted stock units did Mithu Bhargava receive from IRON MOUNTAIN INC?
On March 1, 2026, Mithu Bhargava received a grant of 9,692 restricted stock units. According to the footnotes, these RSUs vest in three substantially equal annual installments beginning on the first anniversary of the March 1, 2026 grant date.