Greg W. McIntosh, EVP, Chief Commercial Officer, reported a sale of 11,839 shares of Iron Mountain Incorporated (IRM +1.82%) on Aug. 6, 2026, according to a SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$1.5 million |
| Shares sold | 11,839 |
| Post-transaction shares (directly held) | 80,634 |
| Post-transaction value | $9.83 million |
Transaction value based on SEC Form 4 weighted average sale price ($127.13); post-transaction value based on August 06, 2026, market close ($121.96).
Key questions
- How did the Rule 10b5-1 plan influence this transaction?
The sale was conducted pursuant to a trading plan adopted by McIntosh on May 8, 2026, which allows for scheduled transactions to be executed at predetermined times to manage personal liquidity and diversification. - What were the mechanics of the derivative conversion?
The insider exercised 11,839 stock options at a strike price of $37.00 per share and immediately sold the shares at a weighted average price of $127.13 per share to capture the spread. - What is the status of the insider’s remaining equity position?
Following this transaction, McIntosh continues to hold 80,634 shares of common stock directly, maintaining a significant equity stake valued at $9.83 million as of the Aug. 6, 2026, market close. - How has the stock performed relative to this transaction?
As of the transaction date on Aug. 6, 2026, Iron Mountain had delivered a one-year total return of 40%, providing a favorable valuation environment for the planned exercise and sale.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-07) | $121.15 |
| Market Capitalization | $37 billion |
| Revenue (TTM) | $7.6 billion |
| Net Income (TTM) | $434 million |
Company Snapshot
- Iron Mountain provides comprehensive storage and information management solutions, including physical document storage, data centers, and secure asset management services across its global network of approximately 1,450 facilities spanning over 90 million square feet.
- The company operates a recurring revenue business model centered on long-term service contracts with customers who require secure storage, retrieval, and management of critical physical and digital assets.
- Iron Mountain serves more than 225,000 organizations globally, including corporations, financial institutions, healthcare providers, and government agencies that depend on secure information management and regulatory compliance solutions.
Today’s Change
(1.82%) $2.26
Current Price
$126.62
Key Data Points
Market Cap
Day’s Range
$124.01 – $126.92
52wk Range
$77.77 – $134.68
Volume
1.2M
Avg Vol
1.8M
Gross Margin
39.81%
Dividend Yield
2.72%
Established in 1951, Iron Mountain has evolved into the global leader in storage and information management, operating in approximately 50 countries and serving a diversified customer base across multiple industries.
The company’s competitive advantage derives from its extensive physical infrastructure, proprietary technology platforms, and deep expertise in regulatory compliance and data security.
With a market capitalization of $37 billion and TTM revenues of $7.6 billion, Iron Mountain maintains a strong market position as a specialized real estate investment trust focused on mission-critical asset management.
What this transaction means for investors
This sale shouldn’t concern investors. It represented a small percentage of the executive’s stake in the company’s stock. McIntosh still retains a sizable stake after the sale.
Additionally, it was completed under a Rule 10b5-1 plan. This is designed to allow insiders to make pre-planned sales for personal reasons without the appearance of acting on non-public information or on any reason tied to their view of the stock’s valuation or business performance.
Importantly, Iron Mountain’s TTM revenue grew 13% year over year. Operating profit grew even faster, by 35%. The company has strong momentum driven by AI and data center demand. It has leased 110 megawatts so far this year and still has 325 megawatts in the pipeline.
The stock trades at a high multiple of earnings, but analysts expect stronger earnings growth in the coming years that may justify the premium.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Iron Mountain. The Motley Fool has a disclosure policy.