Iron Mountain director reports phantom-share acquisitions totaling two entries
Rhea-AI Filing Summary
Iron Mountain director reported acquisition of phantom stock tied to director compensation and deferred plan. The Form 4 shows that Doyle R. Simons, a director, acquired 333.553 Phantom Shares on 10/03/2025 at a weighted average equivalent price of $104.422 and an additional 331.138 Phantom Shares on 10/03/2025 at a weighted average equivalent price of $105.7. Each Phantom Share is the economic equivalent of one share of common stock and will be payable in shares upon the reporting person’s disability or cessation of director service under the Directors Deferred Compensation Plan. After these entries the filing shows beneficial ownership figures of 44,703.315 and 45,034.453 common shares following the respective transactions. The Form 4 was signed under power of attorney on 10/07/2025.
Positive
- Participation in Directors Deferred Compensation Plan aligns director compensation with shareholder value via phantom shares
- Dividend-equivalent reinvestment applied to 333.553 Phantom Shares increases long-term equity linkage
- Record of additional phantom units (331.138) from quarterly cash compensation shows consistent equity-based pay
Negative
- None.
Insights
TL;DR: Director used deferred-compensation mechanisms to receive phantom shares that convert to common stock on service termination.
The transaction reflects participation in the Directors Deferred Compensation Plan, where phantom shares mirror the economic exposure of common stock and include dividend-equivalent reinvestment. This structure preserves cash flow for the company while granting equity-linked value to the director.
Risks and dependencies include the conversion trigger tied to disability or cessation of service and the mechanics of dividend-equivalent accrual. Investors can track actual share issuance only when phantom shares become payable; until then, these are contingent economic interests recorded as phantom units.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 333.553 | $104.422 | $35K |
| Grant/Award | Phantom Stock | 331.138 | $105.70 | $35K |
Footnotes (1)
- Pursuant to the Reporting Person's election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan, the shares of phantom stock (the "Phantom Shares") will become payable in shares of Iron Mountain Incorporated common stock ("Common Stock") following the Reporting Person's disability or cessation of service as a director. Each Phantom Share is the economic equivalent of one share of Common Stock. These shares give effect to dividends paid on Common Stock as if reinvested in Phantom Shares. The price reported in Column 8 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $104.349 to $104.524, inclusive. The Reporting Person undertakes to provide Iron Mountain Incorporated (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock acquired at each separate price within the ranges set forth in this footnote (3). These shares give effect to the Reporting Person's quarterly cash compensation for services on the board of directors of the Company as if reinvested in Phantom Shares. The price reported in Column 8 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $105.569 to $105.819, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock acquired at each separate price within the ranges set forth in this footnote (5).
