Doyle Simons - Jul 20, 2022 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role: Director
Signature: /s/ Elizabeth Tammaro, under Power of Attorney dated January 2, 2020 from Doyle R. Simons
Stock symbol: IRM
Transactions as of: Jul 20, 2022
Transactions value $: $32,500
Form type: 4
Date filed: 7/21/2022, 05:15 PM
Previous filing: Jul 20, 2022
Next filing: Oct 3, 2022

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	Phantom Stock	+Grant/Award	$32,500	+690	+2.62%	$47.08	27,017	Jul 20, 2022	Common Stock	690		Direct	F1, F2

Explanation of Responses:

Id	Content
F1	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.
F2	These shares give effect to the Reporting Person's quarterly cash compensation for services on the Iron Mountain Incorporated board of directors as if reinvested in Phantom Shares.

Content

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 the Reporting Person's quarterly cash compensation for services on the Iron Mountain Incorporated board of directors as if reinvested in Phantom Shares.