Iron Mountain (NYSE: IRM) director receives new phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Simons Doyle reported acquisition or exercise transactions in this Form 4 filing.
IRON MOUNTAIN INC director Simons Doyle reported an award of 379.69 units of Phantom Stock on Common Stock, treated as a grant under the company’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 disability or when board service ends.
Following this award and related dividend-equivalent credits, the director now holds 45,873.936 phantom shares. The price used for the award is a weighted average of $103.52 per share, based on multiple transactions in a range from $103.45 to $103.54.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simons Doyle
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 379.69 | $103.52 | $39K |
Holdings After Transaction:
Phantom Stock — 45,873.936 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. The price reported in Column 8 is a weighted average price. These shares of Common Stock were acquired in multiple transactions at prices ranging from $103.45 to $103.54, inclusive. The Reporting Person undertakes to provide the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock acquired at each separate price within the ranges set forth in this footnote (3).
Key Figures
Phantom stock granted: 379.69 units
Weighted average price: $103.52 per share
Price range: $103.45–$103.54
+2 more
5 metrics
Phantom stock granted
379.69 units
Award to director on 2026-04-06
Weighted average price
$103.52 per share
Reference price for award
Price range
$103.45–$103.54
Underlying common stock trade range
Phantom stock balance
45,873.936 units
Total phantom shares after transaction
Conversion price
$0.00
Phantom stock conversion or exercise price
Key Terms
Phantom Stock, Directors Deferred Compensation Plan, economic equivalent, weighted average price, +1 more
5 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"
economic equivalent financial
"Each Phantom Share is the economic equivalent of one share of Common Stock."
weighted average price financial
"The price reported in Column 8 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
dividends paid on Common Stock financial
"These shares give effect to dividends paid on Common Stock as if reinvested"
FAQ
What insider transaction did IRM director Simons Doyle report?
Simons Doyle reported receiving 379.69 units of Phantom Stock linked to IRON MOUNTAIN INC common stock. This award is part of the company’s Directors Deferred Compensation Plan and represents compensation, not an open-market purchase or sale of existing shares.
What is the value basis of the new IRM phantom stock award?
The 379.69 phantom shares use a weighted average price of $103.52 per share. Footnotes state the underlying common stock reference price came from multiple trades between $103.45 and $103.54 per share, inclusive, on the transaction date.
When will the IRM phantom stock become payable to the director?
Under the Directors Deferred Compensation Plan, the phantom stock becomes payable in IRON MOUNTAIN INC common shares after the director’s disability or when service as a director ends. Until then, the units track the economic value of common stock, including dividend equivalents.