Iron Mountain (NYSE: IRM) director receives phantom stock grant under deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IRON MOUNTAIN INC director Doyle Simons reported a routine compensation-related grant of phantom stock. He acquired 339.3600 phantom stock units at an assigned value of $116.7900 per unit, bringing his total phantom stock holdings to 46,213.2960 units held directly.
These phantom shares are part of Iron Mountain’s Directors Deferred Compensation Plan. Each phantom share is economically equivalent to one share of common stock and will be settled in common shares after Simons’ disability or when he stops serving as a director, including credit for reinvested dividends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simons Doyle
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 339.36 | $116.79 | $40K |
Holdings After Transaction:
Phantom Stock — 46,213.296 shares (Direct, null)
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.
Key Figures
Phantom stock granted: 339.3600 units
Grant reference price: $116.7900 per unit
Total phantom holdings after grant: 46,213.2960 units
+2 more
5 metrics
Phantom stock granted
339.3600 units
Grant under Directors Deferred Compensation Plan on 2026-07-06
Grant reference price
$116.7900 per unit
Assigned value for phantom stock award
Total phantom holdings after grant
46,213.2960 units
Director’s phantom stock balance following transaction
Underlying common stock equivalence
339.3600 shares
Each phantom share equals one IRM common share economically
Exercise price
$0.0000
Phantom stock has no exercise cost to the director
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, economic equivalent, dividends paid on Common Stock as if reinvested
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"
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.
economic equivalent financial
"Each Phantom Share is the economic equivalent of one share of Common Stock"
dividends paid on Common Stock as if reinvested financial
"give effect to dividends paid on Common Stock as if reinvested in Phantom Shares"
FAQ
What did IRON MOUNTAIN INC (IRM) director Doyle Simons report on this Form 4?
Doyle Simons reported receiving 339.3600 phantom stock units as a compensation-related grant. The award is tied to Iron Mountain’s Directors Deferred Compensation Plan and represents economic exposure equivalent to common shares without an immediate cash purchase or sale in the open market.
Is the IRM Form 4 transaction a buy or sell of common stock?
The filing shows an acquisition of phantom stock units, not an open-market buy or sell of common shares. It reflects a grant under a deferred compensation plan, classified as a derivative award economically linked to Iron Mountain common stock for the reporting director.
How many phantom stock units does Doyle Simons hold after this IRM grant?
After the reported grant, Doyle Simons holds 46,213.2960 phantom stock units directly. These units track the value of Iron Mountain common stock and will be paid in actual shares after disability or the end of his board service, per the plan’s terms.
What are phantom stock units in the context of IRON MOUNTAIN INC (IRM)?
Phantom stock units are bookkeeping entries that mirror Iron Mountain’s common stock value. Each unit is economically equivalent to one share of common stock and is payable in shares later, often used for deferred director or executive compensation instead of immediate stock or cash.