John Tomovcsik - 01 Mar 2024 Form 4 Insider Report for IRON MOUNTAIN INC (IRM)

Reporting relationship: EVP, Chief Operating Officer
Issuer ticker: IRM
Reported as of: 01 Mar 2024
Net transaction value: -$1,793,194
SEC form: 4
Accepted by SEC: 05 Mar 2024, 17:54:08 UTC
Prior SEC filing: 26 Feb 2024
Next SEC filing: 17 Jun 2024
Source filing: View source filing
Reporting owner signature: /s/ Keely Stewart, under Power of Attorney dated April 17, 2023, from John Tomovcsik

Key filing fact

John Tomovcsik filed Form 4 for IRON MOUNTAIN INC (IRM) on 05 Mar 2024.

Key facts

This page summarizes John Tomovcsik's Form 4 filing for IRON MOUNTAIN INC (IRM).
13 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 05 Mar 2024, 17:54.

Change

Previous filing in this sequence was filed on 26 Feb 2024.
Current net transaction value: -$1,793,194.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IRM transaction

Common Stock, par value $.01 per share

Options Exercise

Transaction value: $0
Shares: +40,001
Change %: +196%
Price: $0.000000
Shares after: 60,456
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F1

IRM transaction

Common Stock, par value $.01 per share

Tax liability

Transaction value: $1,230,116
Shares: -15,181
Change %: -25%
Price: $81.03
Shares after: 45,275
Date: 01 Mar 2024
Ownership: Direct

IRM transaction

Common Stock, par value $.01 per share

Options Exercise

Transaction value: $0
Shares: +9,550
Change %: +21%
Price: $0.000000
Shares after: 54,825
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F2

IRM transaction

Common Stock, par value $.01 per share

Tax liability

Transaction value: $328,739
Shares: -4,057
Change %: -7.4%
Price: $81.03
Shares after: 50,768
Date: 01 Mar 2024
Ownership: Direct

IRM transaction

Common Stock, par value $.01 per share

Options Exercise

Transaction value: $0
Shares: +3,104
Change %: +6.1%
Price: $0.000000
Shares after: 53,872
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F3

IRM transaction

Common Stock, par value $.01 per share

Tax liability

Transaction value: $100,882
Shares: -1,245
Change %: -2.3%
Price: $81.03
Shares after: 52,627
Date: 01 Mar 2024
Ownership: Direct

IRM transaction

Common Stock, par value $.01 per share

Options Exercise

Transaction value: $0
Shares: +4,104
Change %: +7.8%
Price: $0.000000
Shares after: 56,731
Date: 01 Mar 2024
Ownership: Direct
Footnotes: F4

IRM transaction

Common Stock, par value $.01 per share

Tax liability

Transaction value: $133,456
Shares: -1,647
Change %: -2.9%
Price: $81.03
Shares after: 55,084
Date: 01 Mar 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IRM transaction Derivative

Performance Units

Options Exercise

Transaction value: $0
Shares: -40,001
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 40,001
Exercise price
Footnotes: F5, F6

IRM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -9,550
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,550
Exercise price
Footnotes: F7, F8

IRM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -3,104
Change %: -50%
Price: $0.000000
Shares after: 3,104
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,104
Exercise price
Footnotes: F7, F9

IRM transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -4,104
Change %: -33%
Price: $0.000000
Shares after: 8,210
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 4,104
Exercise price
Footnotes: F7, F10

IRM transaction Derivative

Restricted Stock Units

Award

Transaction value: $0
Shares: +7,990
Change %
Price: $0.000000
Shares after: 7,990
Date: 01 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,990
Exercise price
Footnotes: F7, F11

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 11 footnotes

Footnote F1

This acquisition is reported to reflect the full vesting of performance units ("PUs") previously granted to the Reporting Person on March 1, 2021. Effective February 22, 2024, 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 fully vested on March 1, 2024.

Footnote F2

This acquisition is reported to reflect the full vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2021.

Footnote F3

This acquisition is reported to reflect the partial vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2022.

Footnote F4

This acquisition is reported to reflect the partial vesting of restricted stock units ("RSUs") previously granted to the Reporting Person on March 1, 2023.

Footnote F5

Each PU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").

Footnote F6

The PUs were initially granted to the Reporting Person on March 1, 2021. Effective February 22, 2024, the Compensation Committee determined the actual award of PUs under the grant after completion of the relevant performance period, and the PUs fully vested on March 1, 2024.

Footnote F7

Each RSU represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").

Footnote F8

The RSUs, representing a contingent right to receive a total of 28,649 shares of Common Stock, were granted to the Reporting Person on March 1, 2021 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

Footnote F9

The RSUs, representing a contingent right to receive a total of 9,311 shares of Common Stock, were granted to the Reporting Person on March 1, 2022 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

Footnote F10

The RSUs, representing a contingent right to receive a total of 12,314 shares of Common Stock, were granted to the Reporting Person on March 1, 2023 and vest in three substantially equal annual installments beginning on the first anniversary of the grant date.

Footnote F11

The RSUs vest in three substantially equal annual installments beginning on the first anniversary of the grant date.