Mithu Bhargava - Dec 20, 2024 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Role
EVP, GM Digital Business Unit
Signature
/s/ Christine Zhang, under Power of Attorney dated November 19, 2024, from Mithu Bhargava
Stock symbol
IRM
Transactions as of
Dec 20, 2024
Transactions value $
-$704,590
Form type
4
Date filed
12/23/2024, 04:41 PM
Previous filing
Dec 4, 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 $0 +15K +114.65% $0.00 28K Dec 20, 2024 Direct F1, F2
transaction IRM Common Stock, par value $.01 per share Tax liability -$705K -6.7K -23.92% $105.10 21.3K Dec 20, 2024 Direct F2

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 Restricted Stock Units Options Exercise $0 -15K -100% $0.00 0 Dec 20, 2024 Common Stock 15K Direct F3, 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 This acquisition is reported to reflect the full vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on December 20, 2022.
F2 Includes 211 shares acquired by the Reporting Person through the Company's Employee Stock Purchase Plan since the last reported transaction.
F3 Each RSU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
F4 The RSUs, representing a contingent right to receive a total of 29,934 shares of Common Stock, were granted to the Reporting Person on December 20, 2022 and vest in two substantially equal annual installments beginning on the first anniversary of the grant date.