Robin Matlock - Jan 3, 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
Director
Signature
/s/ Elizabeth Tammaro, under Power of Attorney dated June 20, 2019 from Robin Matlock
Stock symbol
IRM
Transactions as of
Jan 3, 2023
Transactions value $
-$88,304
Form type
4
Date filed
1/5/2023, 06:41 PM
Previous filing
Oct 5, 2022
Next filing
Jan 9, 2023

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 +885 +4.68% $0.00 19.8K Jan 3, 2023 Direct F1
transaction IRM Common Stock, par value $.01 per share Disposed to Issuer -$44.2K -885 -4.47% $49.87 18.9K Jan 3, 2023 Direct F2

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 Options Exercise -$44.2K -885 -24.99% $49.87 2.66K Jan 3, 2023 Common Stock 885 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 "Plan"), the shares of phantom stock (the "Phantom Shares") will become payable in shares of Iron Mountain Incorporated common stock ("Common Stock") on various dates selected by the Reporting Person or as otherwise provided in the Plan. Each Phantom Share is the economic equivalent of one share of Common Stock.
F2 Represents Common Stock otherwise issuable to the Reporting Person for which cash was paid, based on the closing price of Common Stock on the New York Stock Exchange on the transaction date.
F3 Settlement of the Phantom Shares is in cash.
F4 Settlement of the Phantom Shares is made in accordance with distribution elections made by the Reporting Person or as otherwise provided in the Plan.