Hytinen Barry 4
4 · IRON MOUNTAIN INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Iron Mountain (IRM) CFO Barry Hytinen Receives Award of 166,412 PUs
What Happened Barry Hytinen, EVP and Chief Financial Officer of Iron Mountain Incorporated (IRM), was credited with 166,412 performance units (PUs) effective February 16, 2026. The Form 4 reports the award as a derivative acquisition at $0.00 (no cash paid). Each PU is a contingent right to receive one share of common stock if performance/vesting conditions are met.
Key Details
- Transaction date and filing: Determination effective 2026-02-16; Form 4 filed 2026-02-18 (timely filing).
- Transaction type/code: Award/Grant (derivative) — Code A on Form 4; reported acquisition price $0.00.
- Share count: 166,412 performance units awarded.
- Vesting / origin: PUs were originally granted March 1, 2023 and will fully vest on March 1, 2026 (per footnotes F2–F3).
- What a PU means: Each PU represents a contingent right to receive one share of IRM common stock upon satisfaction of performance/vesting conditions (footnote F1).
- Shares owned after transaction: Not disclosed on the Form 4 filing.
Context This was a compensation award determined by the Compensation Committee rather than an open-market trade; it does not involve cash paid or a sale of shares and is common for executive long-term incentive programs. Because this is an award/derivative grant, it should not be read as a direct buy/sell signal by the insider.
Insider Transaction Report
- Award
Performance Units
[F1][F2][F3]2026-02-16+166,412→ 232,977 total→ Common Stock, par value $.01 per share (166,412 underlying)
Footnotes (3)
- [F1]Each Performance Unit ("PU") represents a contingent right to receive one share of Iron Mountain Incorporated common stock ("Common Stock").
- [F2]The PUs were initially granted to the Reporting Person on March 1, 2023. This Form 4 is being filed to reflect the determination by the Compensation Committee, effective as of February 16, 2026, of the actual award of PUs under the grant after completion of the relevant performance period.
- [F3]The PU were initially granted to the Reporting Person on March 1, 2023, and will fully vest on March 1, 2026.