Barry Hytinen - Mar 1, 2025 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
EVP and CFO
Signature
/s/ Keely Stewart, under Power of Attorney dated April 21, 2023, from Barry A. Hytinen
Stock symbol
IRM
Transactions as of
Mar 1, 2025
Transactions value $
-$7,027,347
Form type
4
Date filed
3/4/2025, 06:45 PM
Previous filing
Feb 18, 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 $0 +159K +143.65% $0.00 269K Mar 1, 2025 Direct F1
transaction IRM Common Stock, par value $.01 per share Tax liability -$6.81M -73.1K -27.19% $93.17 196K Mar 1, 2025 Direct
transaction IRM Common Stock, par value $.01 per share Options Exercise $0 +5.03K +2.57% $0.00 201K Mar 1, 2025 Direct F2
transaction IRM Common Stock, par value $.01 per share Tax liability -$216K -2.32K -1.16% $93.17 199K Mar 1, 2025 Direct

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 Performance Units Options Exercise $0 -159K -100% $0.00 0 Mar 1, 2025 Common Stock, par value $.01 per share 159K Direct F3, F4
transaction IRM Restricted Stock Units Options Exercise $0 -5.03K -100% $0.00 0 Mar 1, 2025 Common Stock 5.03K Direct F5, F6
* 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 This acquisition is reported to reflect the full vesting of performance units ("PUs") previously granted to the Reporting Person on March 1, 2022. Effective February 14, 2025, 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, 2025.
F2 This acquisition is reported to reflect the full vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2022.
F3 Each PU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
F4 The PUs were initially granted to the Reporting Person on March 1, 2022. Effective as of February 14, 2025, 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, 2025.
F5 Each RSU represents a contingent right to receive one share of Common Stock.
F6 The RSUs, representing a contingent right to receive a total of 15,099 shares of Common Stock, were granted to the Reporting Person on March 1, 2022 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.