AlphAIAlphAI — Financial news for AI agents
SEC EDGARMAY 261 min read$IRM

Borges Daniel sold $902K of IRM

Borges Daniel (SVP & Chief Accounting Officer) sold 7,189 shares of IRON MOUNTAIN INC (IRM) at $125.50 ($0.90M total) on 2026-05-21 under a Rule 10b5-1 trading plan.

Original reporting
SEC EDGAR · Borges Daniel
Published May 26, 2026, 8:20 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI May 26, 2026, 8:25 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
AlphAI market briefInsider activity
Primary signal
$IRM
Neutral
high confidence
Mentioned
$IRM
Relevance
6/10
AlphAI data visualization · based on SEC EDGAR
Decision brief

The 30-second read

$IRMNeutralLow
01

Why it matters

The disclosed sale is under a Rule 10b5-1 plan, which generally reduces the informational content of the trade for near-term price discovery.

02

Market read

Traders may monitor for clustering of insider sales, but this specific 10b5-1 sale alone is unlikely to drive a sustained move.

03

What to watch

Insider sales can be driven by liquidity/tax planning; without concurrent fundamental news, signal quality is usually low.

Relevance 6/10Timing: Filing dated 2026-05-26; transaction occurred 2026-05-21, so market reaction may already be partially priced.

Background

The article is an SEC Form 4 insider transaction disclosure for Iron Mountain (IRM) by SVP & Chief Accounting Officer Borges Daniel.

Company-level read

Ticker impact

$IRMNeutralHigh confidence
Context

SEC Form 4 shows IRM CFO Borges Daniel sold 7,189 shares ($902,219) via an open-market sale under a 10b5-1 plan.

Expected impact

Likely limited/short-lived impact; watch for follow-through only if additional insider selling appears outside 10b5-1.

Evidence & confidence

The filing specifies a Rule 10b5-1 pre-arranged plan and the position after transaction is 0 shares, which is consistent with scheduled diversification rather than new information.

Market effects

Sector

Minimal; this is company-specific insider activity without any disclosed operational/regulatory catalyst.

Regional

None indicated.

Global

None indicated.

Counterpoint

What could challenge this read

Even with 10b5-1, a complete exit by a top accounting officer could be interpreted by some traders as reduced confidence, especially if paired with other insider sales.

Key entities

  • issuer
    Iron Mountain Inc

    Subject of the insider transaction disclosure; officer sold shares under a pre-arranged 10b5-1 plan.

  • insider
    Borges Daniel

    SVP & Chief Accounting Officer who executed the open-market sale.

Read at source← All news

Full insider trading history

This story covers one filing. See everything behind it: every insider buy and sell on record, 10b5-1 plans, late filings, and which officers and directors are trading.

IRM insider trading history →

Related articles

OCT 17
$IRMMed

Wall Street Analysts Are Bullish on Top Real Estate Picks

Analysts from Wells Fargo and other firms maintained Buy ratings on Iron Mountain (IRM), BXP, and Prologis (PLD) with price targets of $140, $82, and $150 respectively. IRM and PLD have Strong Buy consensus ratings, while BXP has a Moderate Buy rating. Average price targets suggest potential upsides of 31.4%, 24.3%, and 19.7% respectively.

theglobeandmail.com2 min
SEP 14
$IRMMed

Iron Mountain Eyes 20% Growth as Data Centers, Digital Solutions Drive Cross-Sell

Iron Mountain (IRM) expects its growth portfolio to expand over 20% long-term, driven by data centers and digital solutions. The company anticipates $1B in data center revenue this year, with a 40% growth pipeline. Its ALM business is projected to reach $1B in revenue this year, up from $30M in 2021. Digital solutions generate over $600M annually. IRM plans to increase cash available for discretionary uses by hundreds of millions annually over the next several years.

yahoo.com2 min
SEP 4
$DLRMed

3 REITs Getting Paid as Big Tech Builds Out AI

Digital Realty Trust (DLR) reported $707M in annualized GAAP base rent bookings for Q1 2026, with a record $1.9B backlog. Equinix (EQIX) saw 16.4% revenue growth and raised AFFO guidance. Iron Mountain (IRM) grew revenue by 39% YoY, driven by data center leasing. All three REITs are benefiting from AI-driven data center demand.

247wallst.com3 min
SEP 2
$IRMHighAI 8/10

Iron Mountain (IRM) Swings To Profit As Growth Businesses Surge

Iron Mountain (IRM) reported Q2 revenue of $2.03B, up 18.5% YoY, and returned to profitability. Digital services and data centers drove 50% growth, while legacy storage grew 12%. Management raised 2026 guidance, projecting revenue up to $8.01B. Net income was $106M, up from a $43M loss YoY. Adjusted EBITDA rose 15.7% to $727M, and AFFO per share increased 16% to $1.44. Long-term debt increased to $17.13B.

insidermonkey.com3 min
AUG 16
$IRMMedAI 8/10

Iron Mountain (IRM) Is Up 6.8% After Raising 2026 Revenue Guidance - Has The Bull Case Changed?

Iron Mountain (NYSE:IRM) reported Q2 2026 revenue of $2,029.06 million and net income of $101.43 million, after a net loss a year earlier. The company raised full-year 2026 total revenue guidance to $7.94 billion to $8.01 billion, up from $7.825 billion to $7.925 billion, citing improved performance. The piece discusses risks from data center investment and leverage.

simplywall.st4 min