Iron Mountain Management

Management criteria checks 3/4

Iron Mountain's CEO is Bill Meaney, appointed in Jan 2013, has a tenure of 11.25 years. total yearly compensation is $14.87M, comprised of 8% salary and 92% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $23.12M. The average tenure of the management team and the board of directors is 6.1 years and 9.6 years respectively.

Key information

Bill Meaney

Chief executive officer

US$14.9m

Total compensation

CEO salary percentage	8.0%
CEO tenure	11.3yrs
CEO ownership	0.1%
Management average tenure	6.1yrs
Board average tenure	9.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bill Meaney's remuneration changed compared to Iron Mountain's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$15m	US$1m	US$184m
Sep 30 2023	n/a	n/a	US$278m
Jun 30 2023	n/a	n/a	US$379m
Mar 31 2023	n/a	n/a	US$579m
Dec 31 2022	US$15m	US$1m	US$557m
Sep 30 2022	n/a	n/a	US$496m
Jun 30 2022	n/a	n/a	US$372m
Mar 31 2022	n/a	n/a	US$447m
Dec 31 2021	US$17m	US$1m	US$450m
Sep 30 2021	n/a	n/a	US$636m
Jun 30 2021	n/a	n/a	US$607m
Mar 31 2021	n/a	n/a	US$324m
Dec 31 2020	US$12m	US$1m	US$343m
Sep 30 2020	n/a	n/a	US$133m
Jun 30 2020	n/a	n/a	US$202m
Mar 31 2020	n/a	n/a	US$302m
Dec 31 2019	US$11m	US$1m	US$267m
Sep 30 2019	n/a	n/a	US$387m
Jun 30 2019	n/a	n/a	US$357m
Mar 31 2019	n/a	n/a	US$357m
Dec 31 2018	US$11m	US$1m	US$366m
Sep 30 2018	n/a	n/a	US$234m
Jun 30 2018	n/a	n/a	US$182m
Mar 31 2018	n/a	n/a	US$171m
Dec 31 2017	US$10m	US$1m	US$176m

Compensation vs Market: Bill's total compensation ($USD14.87M) is above average for companies of similar size in the UK market ($USD5.62M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

CEO

Bill Meaney (63 yo)

11.3yrs

Tenure

US$14,867,140

Compensation

Mr. William L. Meaney, also known as Bill, BSc, MEng, MSIA, serves as an Independent Director of State Street Corporation since March 29, 2018. Mr. Meaney serves as Director at State Street Bank and Trust...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Meaney	President	11.3yrs	US$14.87m	0.10% $ 23.1m
Barry Hytinen	Executive VP & CFO	4.3yrs	US$5.13m	0.041% $ 9.3m
John Tomovcsik	Executive VP & COO	5.8yrs	US$3.04m	0.019% $ 4.3m
Mark Kidd	Executive VP and GM of Iron Mountain Data Centers & Asset Lifecycle Management	11yrs	US$3.87m	0.021% $ 4.9m
Greg McIntosh	Executive VP	4.3yrs	US$3.00m	0.0096% $ 2.2m
Daniel Borges	Chief Accounting Officer & Senior VP	6.5yrs	no data	0.0011% $ 242.9k
Gillian Tiltman	Senior VP & Head of Investor Relations	2.3yrs	no data	no data
Deborah Marson	Executive VP	7.3yrs	no data	0.022% $ 5.1m
Edward Greene	Executive VP & Chief Human Resources Officer	3.3yrs	no data	no data
Garry Watzke	Senior Vice President	no data	no data	no data
Ellen Hall	Global Head of Real Estate Investment & Corporate Development	8.8yrs	no data	no data
Carole Meixsell	Senior Vice President of Global Delivery & Support	no data	no data	no data

6.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: 0JDP's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Meaney	President	11.3yrs	US$14.87m	0.10% $ 23.1m
Kent Dauten	Independent Director	26.4yrs	US$294.96k	0.51% $ 117.5m
Walter Rakowich	Independent Director	10.7yrs	US$314.96k	0.012% $ 2.6m
Monte Ford	Independent Director	5.4yrs	US$299.96k	0.0086% $ 2.0m
Doyle Simons	Independent Director	4.3yrs	US$377.83k	no data
Clarke Bailey	Independent Director	26.3yrs	US$516.71k	0.060% $ 13.8m
Pamela Arway	Independent Chairperson of the Board	9.9yrs	US$429.96k	0.012% $ 2.8m
Jennifer Allerton	Independent Director	9.6yrs	US$279.96k	0.0049% $ 1.1m
Theodore Samuels	Independent Independnet Director	less than a year	US$190.43k	0.0072% $ 1.6m
Robin Matlock	Independent Director	4.8yrs	US$287.31k	0.0075% $ 1.7m
Wendy Murdock	Independent Non-Executive Director	7.9yrs	US$299.96k	0.0089% $ 2.0m

9.6yrs

Average Tenure

67yo

Average Age

Experienced Board: 0JDP's board of directors are considered experienced (9.6 years average tenure).

Iron Mountain Management

Management criteria checks 3/4

Key information

Recent management updates

President recently sold US$20m worth of stock

Iron Mountain Incorporated Appoints Arvind Subramanian as Executive Vice President and Managing Director of India

Executive VP & COO recently sold US$1.9m worth of stock

Iron Mountain Incorporated Appoints Theodore R. Samuels to the Board of Directors

Independent Director recently sold US$221k worth of stock

Iron Mountain Incorporated Announces Executive Changes

Recent updates

Iron Mountain Incorporated to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of US$0.65 per share

President recently sold US$20m worth of stock

Fourth quarter dividend of US$0.65 announced

Full year 2023 earnings released: FFO per share: US$1.8 (vs US$2.73 in FY 2022)

Iron Mountain Incorporated Declares Quarterly Cash Dividend for the First Quarter of 2024, Payable on April 4, 2024

Iron Mountain Incorporated to Report Q4, 2023 Results on Feb 22, 2024

Iron Mountain Incorporated (NYSE:IRM) completed the acquisition of Regency Technologies.

Upcoming dividend of US$0.65 per share at 3.9% yield

Iron Mountain Incorporated Declares Quarterly Cash Dividend for the Fourth Quarter, Payable on January 4, 2024

Iron Mountain Incorporated (NYSE:IRM) has entered into a definitive agreement to acquire Regency Technologies for $200 million.

New minor risk - Profit margin trend

Third quarter 2023 earnings released: EPS: US$0.31 (vs US$0.66 in 3Q 2022)

Iron Mountain Incorporated to Report Q3, 2023 Results on Nov 02, 2023

Iron Mountain Incorporated Appoints Arvind Subramanian as Executive Vice President and Managing Director of India

Executive VP & COO recently sold US$1.9m worth of stock

Upcoming dividend of US$0.65 per share at 4.1% yield

New minor risk - Insider selling

New major risk - Dividend sustainability

Iron Mountain Incorporated Affirms Earnings Guidance for the Full Year 2023

New minor risk - Earnings quality

Second quarter 2023 earnings released: EPS: US$0 (vs US$0.69 in 2Q 2022)

Iron Mountain Incorporated Appoints Theodore R. Samuels to the Board of Directors

Upcoming dividend of US$0.62 per share at 4.4% yield

Independent Director recently sold US$221k worth of stock

Iron Mountain Incorporated announced that it expects to receive $1 billion in funding

Iron Mountain Incorporated Provides Financial Guidance for the Second Quarter of 2023

Iron Mountain Declares Quarterly Cash Dividend for the Second Quarter, Payable on July 6, 2023

First quarter 2023 earnings released: EPS: US$0.22 (vs US$0.15 in 1Q 2022)

Upcoming dividend of US$0.62 per share at 4.5% yield

Full year 2022 earnings released: EPS: US$1.92 (vs US$1.56 in FY 2021)

Iron Mountain Incorporated Announces Executive Changes

Iron Mountain Incorporated to Report Q4, 2022 Results on Feb 23, 2023

Iron Mountain Appoints Mithu Bhargava as Executive Vice President and General Manager for Digital Solutions

Upcoming dividend of US$0.62 per share

Insufficient new directors

Third quarter 2022 earnings released: FFO per share: US$0.9 (vs US$0.55 in 3Q 2021)

Iron Mountain Incorporated (NYSE:IRM) acquired Xdata Properties from Stoneshield Capital for €90 million.

Iron Mountain Incorporated Declares Quarterly Cash Dividend for the Fourth Quarter 2022, Payable on January 5, 2023

Iron Mountain Incorporated to Report Q3, 2022 Results on Nov 03, 2022

Investor sentiment deteriorated over the past week

Upcoming dividend of US$0.62 per share

Iron Mountain Incorporated Affirms Revenue Guidance for the Full Year 2022

Second quarter 2022 earnings released: EPS: US$0.69 (vs US$0.95 in 2Q 2021)

Iron Mountain Incorporated Declares Quarterly Cash Dividend for the Third Quarter 2022, Payable on October 4, 2022

Insufficient new directors

Iron Mountain Incorporated Announces Iron Mountain InSight SaaS Platform Extends Capabilities On AWS

Iron Mountain Incorporated to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.62 per share

First quarter 2022 earnings released: EPS: US$146 (vs US$0.16 in 1Q 2021)

Iron Mountain Incorporated to Report Q1, 2022 Results on Apr 28, 2022

Iron Mountain Incorporated, Annual General Meeting, May 10, 2022

Upcoming dividend of US$0.62 per share

Investor sentiment improved over the past week

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Iron Mountain Incorporated Provides Earnings Guidance for the Year 2022

Iron Mountain Incorporated to Report Q4, 2021 Results on Feb 24, 2022

Iron Mountain Incorporated (NYSE:IRM) completed the acquisition of 80% stake in ITRenew, Inc. from ZelnickMedia Corporation and others.

Iron Mountain Incorporated (NYSE:IRM) entered into a definitive agreement to acquire 80% stake in ITRenew, Inc. from ZelnickMedia Corporation and others for approximately $725 million.

Upcoming dividend of US$0.62 per share

Third quarter 2021 earnings released: EPS US$0.23 (vs US$0.13 in 3Q 2020)

Upcoming dividend of US$0.62 per share

Second quarter 2021 earnings released: FFO US$0.90 per share (vs US$0.27 in 2Q 2020)

Intermediate Capital Group plc (LSE:ICP) acquired Portfolio of Five Facilities from Iron Mountain Incorporated (NYSE:IRM) for approximately $180 million.

Independent Director recently sold US$161k worth of stock

NCC Group plc (LSE:NCC) acquired Intellectual Property Management business of Iron Mountain Incorporated.

Upcoming dividend of US$0.62 per share

Independent Director has left the company

NCC Group plc (LSE:NCC) entered into an agreement to acquire Intellectual Property Management business from Iron Mountain Incorporated (NYSE:IRM) for $220 million.