The cluster is too small relative to market cap to drive a directional equity move. Monitor for any Q2 earnings or guidance items that may have motivated the CEO's vest-then-sell pattern; but absent a material fundamental change, the filing is likely noise.
Price Chart
Executive Summary
Two Iron Mountain insiders, including the CEO, sold a combined $1.64M in open-market sales within a 7-day window. The CEO's sales were partially preceded by a same-day option exercise at $37/share, locking in a ~$3.1M gross profit. Simultaneously, the company closed a $1.5B senior notes offering (6.250% due 2035) six days prior, a routine refinancing that does not suggest distress. The sales are small relative to the $36.3B market cap (~0.005%) and follow typical post-vesting liquidity patterns, warranting a neutral read.
Key Financial Metrics
Key Facts
- CEO William L. Meaney sold a net ~38.5K shares across multiple trades on 2026-07-01, generating ~$4.7M in proceeds.
- CEO's sales were paired with exercise of 38,474 derivative shares priced at $0 (non-cash) and 38,474 shares exercised at $37/share ($1.4M exercise cost).
- EVP Mark Kidd sold 6,000 shares on 2026-07-01 for $754K.
- Total open-market sales were $1.64M, or 0.005% of Iron Mountain's $36.3B market cap.
- Iron Mountain had closed a $1.5B 6.250% Senior Notes offering on 2026-06-26, a routine refinancing with no equity impact.
- Historical cluster calibration: past IRM insider sells have been non-informative; the filing cluster patterns here are a standard amplifier combo (cluster-insider-trades + cluster-offering-context) but the $ size is trivial.
Financial Impact
$1.64M in insider sales — 0.005% of market cap, well below materiality thresholds.
Risk Factors
- CEO exercising and selling a large block relative to his holdings could create technical overhang if not hedged.
- If the company reports weak Q2 earnings within the next 30 days, the insider sales pattern will be scrutinized retroactively.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-IRM-1783058632139 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $111.84 $111.13 | ▼ −0.63% | ▼ −0.48% | $113.39 (+1.39%) |
Aug 10, 2026 7w ago | Insider Cluster | $122.39 $115.22 | ▼ −5.86% | ▼ −4.80% | $113.39 (−7.35%) |
Aug 5, 2026 8w ago | 8-K | $127.13 $111.84 | ▼ −12.03% | ▼ −11.43% | $113.39 (−10.81%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.39 (−3.22%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.39 (−3.22%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.39 (−3.22%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.39 (−3.22%) |
Jun 26, 2026 14w ago | 8-K | $129.97 $128.31 | ▼ −1.28% | ▼ −1.00% | $113.39 (−12.76%) |
May 8, 2026 21w ago | Insider Cluster | $128.84 $124.66 | ▼ −3.24% | ▼ −3.27% | $113.39 (−11.99%) |
Apr 30, 2026 22w ago | 8-K | $125.99 $128.25 | ▲ +1.79% | ▼ −3.43% | $113.39 (−10.00%) |
US Market Status
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