Iron Mountain (NYSE: IRM) CFO vests shares and withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iron Mountain EVP and CFO Barry Hytinen reported the vesting and net settlement of performance units into common stock. On March 1, 2026, 232,977 performance units granted on March 1, 2023 were fully vested and converted into the same number of Iron Mountain common shares, following the Compensation Committee’s award determination on February 16, 2026.
To cover income tax withholding on this vesting, 104,872 common shares were withheld by Iron Mountain at $108.33 per share, which the company notes does not represent a sale. After these transactions, Hytinen directly owned 326,623 shares of Iron Mountain common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
232,977 shares exercised/converted
Mixed
3 txns
Insider
Hytinen Barry
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 232,977 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 232,977 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 104,872 | $108.33 | $11.36M |
Holdings After Transaction:
Performance Units — 0 shares (Direct);
Common Stock, par value $.01 per share — 431,495 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. 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. 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.