Daniel Borges - 23 Feb 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
27 Feb 2023, 17:11:32 UTC
Prior SEC filing
23 Feb 2023
Next SEC filing
02 Mar 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Elizabeth Tammaro, under Power of Attorney dated October 23, 2017 from Daniel Borges
Filing notes and source

Key filing fact

Daniel Borges filed Form 4 for IRON MOUNTAIN INC (IRM) on 27 Feb 2023.

Key facts

  • This page summarizes Daniel Borges's Form 4 filing for IRON MOUNTAIN INC (IRM).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 27 Feb 2023, 17:11.

Change

  • Previous filing in this sequence was filed on 23 Feb 2023.
  • Current net transaction value: -$48,390.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IRM transaction

Common Stock, par value $.01 per share

Options Exercise

Transaction value
$0
Shares
+2,885
Change %
+827%
Price
$0.000000
Shares after
3,234
Date
23 Feb 2023
Ownership
Direct
Footnotes
F1
IRM transaction

Common Stock, par value $.01 per share

Tax liability

Transaction value
$48,390
Shares
-917
Change %
-28%
Price
$52.77
Shares after
2,317
Date
23 Feb 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IRM transaction Derivative

Performance Units

Award

Transaction value
$0
Shares
+2,885
Change %
Price
$0.000000
Shares after
2,885
Date
23 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,885
Exercise price
Footnotes
F2, F3, F4
IRM transaction Derivative

Performance Units

Options Exercise

Transaction value
$0
Shares
-2,885
Change %
-100%
Price
$0.000000*
Shares after
0
Date
23 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,885
Exercise price
Footnotes
F2, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

This acquisition is reported to reflect the full vesting of performance units ("PUs") previously granted to the Reporting Person on February 19, 2020. Effective February 23, 2023, the Compensation Committee of Iron Mountain Incorporated's Board of Directors (the "Compensation Committee") determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs vested in full on February 23, 2023.

Footnote F2

Each PU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").

Footnote F3

The PUs were initially granted to the Reporting Person on February 19, 2020. This Form 4 is being filed to reflect the determination by the Compensation Committee, effective as of February 23, 2023, of the actual award of PUs under the grant after completion of the relevant performance period.

Footnote F4

The PUs were initially granted to the Reporting Person on February 19, 2020 and fully vested on February 23, 2023.

Footnote F5

The PUs were initially granted to the Reporting Person on February 19, 2020. Effective February 23, 2023, the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs vested in full on February 23, 2023.

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