Iron Mountain CEO William Meaney sells $4.07 million in shares

Iron Mountain CEO William Meaney sold $4.07 million worth of company shares on November 6, 2026. The sale, made under a pre-approved trading plan, occurred at prices between $103.44 and $107.38 per share. The move comes as Iron Mountain's stock price, currently at $110.85, has risen from the transaction prices but declined 7.5% in the previous week.

Although the stock appears overvalued with a P/E ratio of 73.36, Iron Mountain reported solid third-quarter 2026 results, beating analyst expectations with adjusted earnings per share at $0.64. The company's revenue for the quarter was $1.99 billion, reflecting a 13% increase compared to the prior year. While Iron Mountain's stock fell following the sale, the company has raised its full-year guidance, signaling confidence in its future performance.