Iron Mountain (NYSE: IRM) SVP Borges logs equity vesting and new RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Iron Mountain senior vice president and chief accounting officer Daniel Borges reported multiple equity transactions tied to incentive awards. Performance units covering 9,152 shares fully vested and converted into common stock, and restricted stock units granted in 2023–2025 partially or fully vested, adding several hundred more shares. On the same date, he received a new grant of 1,104 restricted stock units that vest over three years. Shares totaling 3,106, 327, 212 and 184 were withheld at $108.33 per share to cover income tax obligations on these vestings, and are specifically described as not representing open‑market sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,730 shares exercised/converted
Mixed
13 txns
Insider
Borges Daniel
Role
SVP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Units | 9,152 | $0.00 | -- |
| Exercise | Restricted Stock Units | 713 | $0.00 | -- |
| Exercise | Restricted Stock Units | 463 | $0.00 | -- |
| Exercise | Restricted Stock Units | 402 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,104 | $0.00 | -- |
| Exercise | Common Stock, par value $.01 per share | 9,152 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 3,106 | $108.33 | $336K |
| Exercise | Common Stock, par value $.01 per share | 713 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 327 | $108.33 | $35K |
| Exercise | Common Stock, par value $.01 per share | 463 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 212 | $108.33 | $23K |
| Exercise | Common Stock, par value $.01 per share | 402 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $.01 per share | 184 | $108.33 | $20K |
Holdings After Transaction:
Performance Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
Common Stock, par value $.01 per share — 9,440 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. This acquisition is reported to reflect the full vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2023. 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 RSUs and does not represent a sale. This acquisition is reported to reflect the partial vesting of RSUs previously granted to the Reporting Person on March 1, 2024. This acquisition is reported to reflect the partial vesting of RSUs previously granted to the Reporting Person on March 1, 2025. 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. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs, representing a contingent right to receive a total of 2,139 shares of Common Stock, were granted to the Reporting Person on March 1, 2023 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The RSUs, representing a contingent right to receive a total of 1,388 shares of Common Stock, were granted to the Reporting Person on March 1, 2024 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The RSUs, representing a contingent right to receive a total of 1,207 shares of Common Stock, were granted to the Reporting Person on March 1, 2025 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date. The RSUs, representing a contingent right to receive a total of 1,104 shares of Common Stock, were granted to the Reporting Person on March 1, 2026 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.
FAQ
What insider transactions did IRM executive Daniel Borges report on March 1, 2026?
Daniel Borges reported vesting and conversion of performance units and restricted stock units into Iron Mountain common stock, plus a new 1,104-unit RSU grant. Some shares were withheld by the company to cover tax obligations, which the disclosure notes do not constitute open-market sales.
How many Iron Mountain performance units vested for IRM executive Daniel Borges?
Performance units covering 9,152 Iron Mountain shares fully vested for Daniel Borges. These units were originally granted on March 1, 2023, with the actual award determined on February 16, 2026 after the performance period, and converted one-for-one into common stock upon vesting.
What restricted stock unit activity did IRM report for Daniel Borges?
Iron Mountain disclosed full vesting of RSUs granted March 1, 2023 and partial vesting of RSUs granted in 2024 and 2025 for Daniel Borges. Each RSU converts into one common share as installments vest, reflecting ongoing equity compensation tied to multi-year vesting schedules.
Did Daniel Borges receive any new Iron Mountain RSU grant in 2026?
Yes. Daniel Borges received a new Iron Mountain RSU grant representing 1,104 shares on March 1, 2026. These restricted stock units vest in three substantially equal annual installments beginning on the first anniversary of the grant date, continuing his long-term, stock-based incentive compensation.