Insider sales are immaterial in size and consistent with routine post-earnings option exercise and diversification. CEO's concurrent option exercise at $37 strike confirms the sale is not a negative signal. No action warranted — the cluster does not alter the bullish Q1 earnings thesis.
Price Chart
Executive Summary
CEO William Meaney and EVP Mark Kidd sold a combined $2.68M in open-market shares on May 8, 2026, following Iron Mountain's record Q1 earnings beat and raised guidance. The sales represent ~0.007% of market cap — trivial relative to the $38.7B company — and CEO Meaney's sale was part of a pre-planned derivative exercise. Director grants and tax withholdings are non-cash events with no economic signal. The cluster is routine post-earnings insider activity with no material directional implication.
Key Financial Metrics
Key Facts
- CEO Meaney sold 14,876 shares at $128.52 for $1.91M, simultaneously exercising 38,474 options at $37/share
- EVP Kidd sold 6,000 shares at $127.91 for $767K
- Total open-market sales of $2.68M represent ~0.007% of $38.7B market cap
- 8 directors received non-cash grants of 1,892 shares each ($0 value)
- Director Allerton surrendered 133 shares for tax withholding ($16,866)
- Filing follows record Q1 2026 earnings: revenue $1.936B (+21.6% YoY), AFFO $1.43 (+22.2% YoY), raised full-year guidance
Financial Impact
Total insider sales of $2.68M — trivial relative to $38.7B market cap
Risk Factors
- CEO sold ~5% of his exercisable options — watch for continued selling in coming quarters
- No insider buying to offset sales — lack of bullish conviction signal
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-1778616658229 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 2, 2026 4w ago | Insider Cluster | $111.84 $111.13 | ▼ −0.63% | ▼ −0.48% | $113.33 (+1.33%) |
Aug 10, 2026 7w ago | Insider Cluster | $122.39 $115.22 | ▼ −5.86% | ▼ −4.80% | $113.33 (−7.40%) |
Aug 5, 2026 8w ago | 8-K | $127.13 $111.84 | ▼ −12.03% | ▼ −11.43% | $113.33 (−10.86%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.33 (−3.27%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.33 (−3.27%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.33 (−3.27%) |
Jul 2, 2026 13w ago | Insider Cluster | $117.16 $124.64 | ▲ +6.38% | ▲ +6.80% | $113.33 (−3.27%) |
Jun 26, 2026 13w ago | 8-K | $129.97 $128.31 | ▼ −1.28% | ▼ −1.00% | $113.33 (−12.80%) |
May 8, 2026 21w ago | Insider Cluster | $128.84 $124.66 | ▼ −3.24% | ▼ −3.27% | $113.33 (−12.04%) |
Apr 30, 2026 22w ago | 8-K | $125.99 $128.25 | ▲ +1.79% | ▼ −3.43% | $113.33 (−10.05%) |
US Market Status
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