Kidd Mark 4

What Happened

• Mark Kidd, EVP & GM Data Centers & ALM at Iron Mountain (IRM), was awarded 106,977 Performance Units (PUs) effective February 16, 2026. The reported transaction is an award/grant (code A) with an acquisition price recorded as $0.00 because these are contingent equity units, not an open-market purchase.

Key Details

• Transaction date: February 16, 2026; Form 4 filed February 18, 2026 (timely).
• Amount: 106,977 Performance Units; per footnote each PU represents a contingent right to one share of common stock.
• Price: $0.00 recorded (derivative award, no cash exchanged at grant).
• Vesting: PUs were originally granted March 1, 2023 and will fully vest on March 1, 2026 (award amount determined by the Compensation Committee as of Feb 16, 2026).
• Shares owned after transaction: not specified in this filing.
• Transaction code: A = Award/Grant. No 10b5-1, tax-withholding, or late-filing flags noted.

Context

• These are performance-based equity units that convert to common shares only if vesting conditions are met; they do not represent a cash purchase or sale and should be viewed as compensation rather than an immediate market signal.