Iron Mountain (NYSE: IRM) accounting chief sells 7,189 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
IRON MOUNTAIN INC senior vice president and chief accounting officer Daniel Borges reported an open-market sale of 7,189 shares of common stock at $125.50 per share. The transaction on May 21, 2026 reduced his directly held common shares to zero. According to a footnote, the sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on February 19, 2026, indicating the trade was scheduled in advance rather than timed discretionarily.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 7,189 shares ($902,220)
Net Sell
1 txn
Insider
Borges Daniel
Role
SVP & Chief Accounting Officer
Sold
7,189 shs ($902K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $.01 per share | 7,189 | $125.50 | $902K |
Holdings After Transaction:
Common Stock, par value $.01 per share — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 7,189 shares
Sale price: $125.50 per share
Shares owned after: 0 shares
+2 more
5 metrics
Shares sold
7,189 shares
Open-market sale of common stock on May 21, 2026
Sale price
$125.50 per share
Price for the 7,189 shares of common stock sold
Shares owned after
0 shares
Total directly held common shares following the transaction
Rule 10b5-1 plan adoption date
February 19, 2026
Pre-arranged trading plan governing the reported sale
Net share direction
-7,189 shares
Form 4 transaction summary shows net-sell direction
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4, Common Stock, par value $.01 per share
4 terms
Rule 10b5-1 trading plan regulatory
"The transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did IRM executive Daniel Borges report?
Daniel Borges reported selling 7,189 shares of IRON MOUNTAIN INC common stock. The shares were sold in an open-market transaction at a price of $125.50 per share, as disclosed in a Form 4 insider trading report.
Was the IRM insider sale by Daniel Borges under a Rule 10b5-1 plan?
Yes. A footnote explains the sale was made under a Rule 10b5-1 trading plan. The plan was adopted on February 19, 2026, meaning the trade was pre-scheduled rather than initiated at the insider’s sole discretion.
What role does Daniel Borges hold at IRON MOUNTAIN INC (IRM)?
Daniel Borges serves as senior vice president and chief accounting officer at IRON MOUNTAIN INC. This role is identified in the insider data, indicating he is a company officer subject to Form 4 reporting requirements.