Samuels Theodore R. II 4

What Happened

• Theodore R. Samuels II, a director of Iron Mountain Incorporated (IRM), was awarded 99.06 phantom shares on 2026-07-06 at an imputed price of $116.79 per share, for a total value of approximately $11,569. This filing reports a derivative acquisition (phantom stock), not an open-market purchase of common shares.

Key Details

• Transaction date: 2026-07-06; Form 4 filed: 2026-07-07 (timely next-day filing).
• Transaction type: Award/acquisition of phantom shares (code A, derivative).
• Shares and value: 99.06 phantom shares at $116.79 each = ~$11,569.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes:
  • F1: Phantom Shares are payable in common stock only upon the reporting person’s disability or upon cessation of service as a director; each Phantom Share equals the economic value of one common share.
  • F2: The reported phantom shares reflect dividends treated as reinvested into additional Phantom Shares.
• No 10b5-1 plan, sale, tax withholding, or late-filing flags are indicated.

Context

• These phantom shares are a deferred compensation award and do not represent immediate ownership, voting rights, or shares available for sale. They become payable in actual Iron Mountain common stock only under the conditions described (disability or end of director service). For retail investors, awards like this are routine director compensation and are different from open-market purchases that might signal personal bullishness.