Iron Mountain (NYSE: IRM) director awarded 1,892 Phantom Stock units in deferred grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Samuels Theodore R. II reported acquisition or exercise transactions in this Form 4 filing.
Iron Mountain Inc. director Theodore R. Samuels II received a compensation grant of 1,892 Phantom Stock units on May 7, 2026. These units are tied to an equal number of shares of Iron Mountain common stock and represent deferred director compensation.
Under the company’s Directors Deferred Compensation Plan, the Phantom Shares will be paid out in common stock after his disability or when he stops serving as a director. Following this grant, his total Phantom Stock balance is 13,390.41 units, all held as direct ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Samuels Theodore R. II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 1,892 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 13,390.41 shares (Direct, null)
Footnotes (1)
- Pursuant to the Reporting Person's election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan ("DDCP"), 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. Consists of shares issuable upon the settlement of restricted stock units ("RSUs") granted on May 7, 2026. The RSUs vest in their entirety on the grant date. The Reporting Person has elected that upon vesting of RSUs, receipt of the shares of Common Stock be deferred under the DDCP; accordingly, upon vesting, the Reporting Person will instead receive an equal number of Phantom Shares.
Key Figures
Phantom Stock grant: 1,892 units
Phantom units after grant: 13,390.41 units
Grant price: $0.00 per unit
+1 more
4 metrics
Phantom Stock grant
1,892 units
Grant on May 7, 2026
Phantom units after grant
13,390.41 units
Total Phantom Stock holdings following transaction
Grant price
$0.00 per unit
Phantom Stock grant under compensation plan
Underlying common stock
1,892 shares
Each Phantom Share equals one common share
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, restricted stock units, Common Stock
4 terms
Phantom Stock financial
"the shares of phantom stock (the "Phantom Shares") will become payable"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Directors Deferred Compensation Plan financial
"election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan ("DDCP")"
A directors deferred compensation plan lets a board member postpone receiving part or all of their cash fees or stock-based pay until a future date, often retirement, allowing taxes to be delayed and payouts to be structured over time. Investors care because these plans change a company’s future cash obligations and reveal how the board’s pay is aligned with long-term performance—like choosing to take a paycheck later to tie personal reward to the company’s future results.
restricted stock units financial
"Consists of shares issuable upon the settlement of restricted stock units ("RSUs") granted on May 7, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common Stock financial
"payable in shares of Iron Mountain Incorporated common stock ("Common Stock")"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Iron Mountain (IRM) director Theodore R. Samuels II report on this Form 4?
He reported receiving 1,892 Phantom Stock units as a compensation grant. These units mirror 1,892 shares of Iron Mountain common stock and increase his deferred compensation holdings, bringing his total Phantom Stock balance to 13,390.41 units held directly.
How many Phantom Stock units does the Iron Mountain (IRM) director hold after this grant?
After receiving 1,892 Phantom Stock units, the director holds a total of 13,390.41 Phantom Stock units. Each unit is economically equivalent to one share of Iron Mountain common stock, representing deferred compensation rather than current share ownership.
When will the Phantom Stock reported in the Iron Mountain (IRM) Form 4 be paid out?
The Phantom Stock will be paid out in Iron Mountain common stock after the director’s disability or when his service as a director ends. This timing follows the company’s Directors Deferred Compensation Plan election and keeps the award deferred until that future event.