Borges Daniel 4
4 · IRON MOUNTAIN INC · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Iron Mountain (IRM) SVP Daniel Borges Receives 6,537-Unit Award
What Happened
Daniel Borges, Senior Vice President & Chief Accounting Officer of Iron Mountain (IRM), received an award of 6,537 Performance Units (PUs) effective February 16, 2026. The Form 4 reports the units as a derivative award at $0.00 (code A) because PUs are contingent rights, not an open‑market purchase or sale. The PUs were part of a grant originally made March 1, 2023; the Compensation Committee determined the actual award amount after the performance period.
Key Details
- Transaction date: 2026-02-16; reported on Form 4 filed 2026-02-18 (timely filing).
- Transaction type/code: Award of performance units (A); reported price $0.00 because these are contingent units, not a cash purchase.
- Amount: 6,537 Performance Units (each PU = contingent right to one share of common stock).
- Vesting/conversion: PUs were initially granted 3/1/2023 and will fully vest on 3/1/2026 (per footnotes).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 explains each PU converts to one share of common stock; F2 notes the Comp Committee’s determination of award effective 2/16/2026; F3 confirms original grant date and full vesting date.
Context
Performance units are long‑term incentive awards that convert to company stock (or cash equivalent) upon satisfaction of vesting/performance conditions; they are not immediate purchases or sales and do not by themselves signal buying pressure. This filing documents the formal award determination and upcoming vesting on 3/1/2026.
Insider Transaction Report
- Award
Performance Units
[F1][F2][F3]2026-02-16+6,537→ 9,152 total→ Common Stock, par value $.01 per share (6,537 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.