William Meaney - 02 Jan 2025 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
President and CEO, Director
Signature
/s/ Keely Stewart, under Power of Attorney dated April 17, 2023, from William Meaney
Issuer symbol
IRM
Transactions as of
02 Jan 2025
Transactions value $
$-7,248,499
Form type
4
Filing time
03 Jan 2025, 17:12:21 UTC
Previous filing
12 Dec 2024
Next filing
05 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IRM Common Stock, par value $.01 per share Options Exercise $2,529,365 +69,131 $36.59 69,131 02 Jan 2025 Direct
transaction IRM Common Stock, par value $.01 per share Sale $-5,607,345 -53,565 -77.5% $104.68 15,566 02 Jan 2025 Direct F1
transaction IRM Common Stock, par value $.01 per share Sale $-1,641,155 -15,566 -100% $105.43 0 02 Jan 2025 Direct F2
holding IRM Common Stock, par value $.01 per share 295,650 02 Jan 2025 By GRAT F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IRM Employee Stock Option (Right to Buy) Options Exercise $-2,529,365 -69,131 -8.33% $36.59 760,375 02 Jan 2025 Common Stock 69,131 $36.59 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares of Iron Mountain Incorporated common stock ("Common Stock") were sold in multiple transactions at prices ranging from $104.170 to $105.160, inclusive. The Reporting Person undertakes to provide Iron Mountain Incorporated (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 sold at each separate price within the ranges set forth in this footnote (1).
F2 The price reported in Column 4 is a weighted average price. These shares of Iron Mountain Incorporated common stock ("Common Stock") were sold in multiple transactions at prices ranging from $105.170 to $105.940, inclusive. The Reporting Person undertakes to provide Iron Mountain Incorporated (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 sold at each separate price within the ranges set forth in this footnote (2).
F3 Balance reflects 295,650 shares transferred from the Grantor for funding of a Grantor Retained Annuity Trust on November 29, 2024. This transfer is exempt from Section 16 pursuant to Rule 16a-13.
F4 This stock option, representing a right to purchase a total of 829,506 shares, is fully vested.