Iron Mountain (IRM) director receives phantom stock award under deferred plan
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 grant of 99.06 units of phantom stock at a reference value of $116.79 per unit under the company’s Directors Deferred Compensation Plan. This increased his phantom stock balance to 13,800.33 units, each economically equivalent to one share of common stock and payable in stock after disability or when he ceases serving as a director. The award also reflects dividends on common stock as if reinvested in additional phantom shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Samuels Theodore R. II
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 99.06 | $116.79 | $12K |
Holdings After Transaction:
Phantom Stock — 13,800.33 shares (Direct)
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 grant: 99.06 units
Grant reference price: $116.79 per unit
Total phantom stock after grant: 13,800.33 units
+2 more
5 metrics
Phantom stock grant
99.06 units
Grant of phantom stock units on 2026-07-06
Grant reference price
$116.79 per unit
Reference value used for phantom stock grant
Total phantom stock after grant
13,800.33 units
Holdings following reported transaction
Underlying common stock equivalent
99.06 shares
Each phantom share equals one common share
Derivative transactions count
1 transaction
Single derivative-type grant reported in Form 4
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, Common Stock, economic equivalent
4 terms
Phantom Stock financial
"The shares of phantom stock (the "Phantom Shares") will become payable in shares"
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.
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.
economic equivalent financial
"Each Phantom Share is the economic equivalent of one share of Common Stock"
FAQ
What did IRON MOUNTAIN INC director Theodore R. Samuels II report on this Form 4?
He reported receiving 99.06 phantom stock units as a compensation grant. The award was made under Iron Mountain’s Directors Deferred Compensation Plan and is economically equivalent to common shares, increasing his total phantom stock holdings to 13,800.33 units.
What is phantom stock in the IRM Form 4 filing for Theodore R. Samuels II?
Phantom stock represents units tied to the value of Iron Mountain common shares. Each phantom share is economically equivalent to one common share and is ultimately settled in stock, rather than cash, under the company’s director deferred compensation program.
When will Theodore R. Samuels II receive Iron Mountain common stock for these phantom shares?
The phantom shares will be paid out in Iron Mountain common stock after his disability or when he stops serving as a director. This timing is defined by the Directors Deferred Compensation Plan’s terms for deferred director compensation.
How many total phantom stock units does Theodore R. Samuels II hold after this IRM grant?
After the grant of 99.06 new units, he holds 13,800.33 phantom stock units. Each unit tracks the value of one Iron Mountain common share and will ultimately be settled in stock under the plan’s payout conditions.
How is the 99.06 phantom stock grant for IRM’s director valued in this filing?
The 99.06 phantom stock units are reported at a reference value of $116.79 per unit. This value reflects the price used for the grant and helps quantify the size of the compensation award reported in the Form 4 filing.
How do dividends affect Theodore R. Samuels II’s Iron Mountain phantom stock balance?
His phantom stock balance reflects dividends on Iron Mountain common stock as if reinvested in additional phantom shares. This means dividend payments effectively increase the number of phantom units, aligning the award’s value with total shareholder return over time.