William Meaney - Aug 14, 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role: President and CEO, Director
Signature: /s/ Keely Stewart, under Power of Attorney dated April 17, 2023, from William Meaney
Stock symbol: IRM
Transactions as of: Aug 14, 2023
Transactions value $: -$1,262,836
Form type: 4
Date filed: 8/16/2023, 05:45 PM
Previous filing: Jul 17, 2023
Next filing: Sep 29, 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	$326K	+10.5K	+3.55%	$31.01	306K	Aug 14, 2023	Direct	F1
transaction	IRM	Common Stock, par value $.01 per share	Sale	-$633K	-10.5K	-3.43%	$60.22	296K	Aug 14, 2023	Direct	F1
transaction	IRM	Common Stock, par value $.01 per share	Options Exercise	$326K	+10.5K	+3.55%	$31.01	306K	Aug 15, 2023	Direct	F1
transaction	IRM	Common Stock, par value $.01 per share	Sale	-$630K	-10.5K	-3.43%	$59.97	296K	Aug 15, 2023	Direct	F1

Showing 1 to 4 of 4 entries

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	-$326K	-10.5K	-10%	$31.01	94.6K	Aug 14, 2023	Common Stock	10.5K	$31.01	Direct	F2
transaction	IRM	Employee Stock Option (Right to Buy)	Options Exercise	-$326K	-10.5K	-11.11%	$31.01	84.1K	Aug 15, 2023	Common Stock	10.5K	$31.01	Direct	F2

* 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	This transaction was effected pursuant to a 10b5-1 trading plan which was approved and became effective as of May 20, 2022.
F2	This stock option, representing a right to purchase a total of 273,184 shares, is fully vested.