John Tomovcsik - Feb 23, 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
EVP, Chief Operating Officer
Signature
/s/ Elizabeth Tammaro, under Power of Attorney dated May 26, 2016, from John Tomovcsik
Stock symbol
IRM
Transactions as of
Feb 23, 2023
Transactions value $
-$427,912
Form type
4
Date filed
2/27/2023, 05:22 PM
Previous filing
Feb 23, 2023
Next filing
Mar 2, 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 +24.1K +40.29% $0.00 83.7K Feb 23, 2023 Direct F1
transaction IRM Common Stock, par value $.01 per share Tax liability -$428K -8.11K -9.68% $52.77 75.6K Feb 23, 2023 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 Award $0 +24.1K $0.00 24.1K Feb 23, 2023 Common Stock 24.1K Direct F2, F3, F4
transaction IRM Performance Units Options Exercise $0 -24.1K -100% $0.00 0 Feb 23, 2023 Common Stock 24.1K Direct F2, F5

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 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.
F2 Each PU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
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.
F4 The PUs were initially granted to the Reporting Person on February 19, 2020 and fully vested on February 23, 2023.
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.