John Tomovcsik - Jun 7, 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
EVP, Chief Operating Officer
Signature
/s/ Keely Stewart, under Power of Attorney dated April 17, 2023, from John Tomovcsik
Stock symbol
IRM
Transactions as of
Jun 7, 2023
Transactions value $
-$3,215,548
Form type
4
Date filed
6/8/2023, 05:40 PM
Previous filing
Mar 2, 2023
Next filing
Sep 19, 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 Other $23K +455 +0.55% $50.58 83.4K May 31, 2023 Direct F1
transaction IRM Common Stock, par value $.01 per share Options Exercise $969K +25K +29.95% $38.83 108K Jun 7, 2023 Direct F2
transaction IRM Common Stock, par value $.01 per share Sale -$1.39M -25K -23.05% $55.83 83.4K Jun 7, 2023 Direct F2
transaction IRM Common Stock, par value $.01 per share Sale -$1.84M -32.9K -39.47% $56.06 50.5K Jun 7, 2023 Direct F2, F3

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 Employee Stock Option (Right to Buy) Options Exercise -$969K -25K -100% $38.83 0 Jun 7, 2023 Common Stock 25K $38.83 Direct F4
* 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 Shares acquired under the Iron Mountain Incorporated Employee Stock Purchase Plan since the last Section 16 filing by the Reporting Person.
F2 This transaction was effected pursuant to a 10b5-1 trading plan which was approved and became effective as of March 3, 2023.
F3 The price reported is a weighted average price. These shares of Iron Mountain Incorporated common stock ("Common Stock") were sold in multiple transactions at prices ranging from $55.50 to $56.48, inclusive. The Reporting Person undertakes to provide Iron Mountain Incorporated (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares of Common Stock sold at each separate price within the ranges set forth in this footnote (3).
F4 This stock option, representing a right to purchase a total of 24,965 shares, is fully vested.