John Tomovcsik - Sep 18, 2023 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Signature
/s/ Keely Stewart, under Power of Attorney dated April 17, 2023, from John Tomovcsik
Stock symbol
IRM
Transactions as of
Sep 18, 2023
Transactions value $
-$2,635,861
Form type
4
Date filed
9/19/2023, 04:54 PM
Previous filing
Jun 8, 2023
Next filing
Feb 26, 2024

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 $424K +11.9K +23.5% $35.72 62.3K Sep 18, 2023 Direct
transaction IRM Common Stock, par value $.01 per share Sale -$2.64M -41.9K -67.17% $62.97 20.5K Sep 18, 2023 Direct F1

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 -$424K -11.9K -100% $35.72 0 Sep 18, 2023 Common Stock 11.9K $35.72 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 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 $62.58 to $63.15, 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 (1).
F2 This stock option, representing a right to purchase a total of 11,859 shares, is fully vested.