IRON MOUNTAIN INC — Director's Dealing 2022

Jul 20, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IRON MOUNTAIN INC (IRM)
CIK: 0001020569
Period of Report: 2022-07-18

Reporting Person: BAILEY CLARK H (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-07-18	Phantom Stock	$	A	945.086	Acquired		Common Stock (945.086)	Direct

Footnotes

F1: Pursuant to the Reporting Person's election to participate in the Iron Mountain Incorporated Directors Deferred Compensation Plan, the shares of phantom stock (the "Phantom Shares") will become payable in shares of Iron Mountain Incorporated common stock ("Common Stock") following the Reporting Person's disability or cessation of service as a director. Each Phantom Share is the economic equivalent of one share of Common Stock.

F2: These shares give effect to dividends paid on Common Stock as if reinvested in Phantom Shares.

F3: Includes an additional 2.7236 Phantom Shares to reconcile total beneficial ownership from prior reported transactions.