William L. Meaney

President and Chief Executive Officer at IRON MOUNTAIN

Board

Since January 2013

Age

63 years

Education

Earned a bachelor's degree in mechanical engineering from Rensselaer Polytechnic Institute and a master's degree in industrial administration from Carnegie Mellon University.

Tenure

Has led IRM as President and Chief Executive Officer, executing strategic initiatives such as the Project Matterhorn growth strategy and oversight of financial performance, although the specific tenure details are not provided.

Also at IRON MOUNTAIN

Barry Hytinen

Executive Vice President and Chief Financial Officer

Deborah Marson

Executive Vice President, General Counsel, and Secretary

EEG

Edward E. Greene

Executive Vice President and Chief Human Resources Officer

About

William L. Meaney is a seasoned executive currently serving as the President and Chief Executive Officer of Iron Mountain, where he has been pivotal in driving the company’s strategic growth and achieving record financial performance.

In his leadership role, he has been responsible for executing critical initiatives such as the Project Matterhorn growth strategy and ensuring that the company maintains rigorous compliance standards, including adherence to requirements such as those set forth by the Sarbanes-Oxley Act.

Academically, he laid a strong foundation for his career by earning a bachelor's degree in mechanical engineering from Rensselaer Polytechnic Institute and a master's degree in industrial administration from Carnegie Mellon University, showcasing his blend of technical expertise and business acumen.

$IRM Performance Under William L. Meaney

External Roles

Organization	Role	Date Range	Details
State Street Corporation	Board of Directors	N/A	Provides financial services to institutional investors

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,200,000	Annual	Fixed base salary for 2023
Swiss Benefits	$10,437	Annual	Provided as part of fixed compensation
Swiss Medical Insurance	$33,435	Annual	Compensation benefit covering Swiss medical plan
401(k) Match	$9,900	Annual	Matches 401(k) contributions as part of the benefits package
Life Insurance	$384	Annual	Group life insurance premium
Swiss Salary Component	$111,360	Annual	100,000 Swiss Francs converted at an exchange rate of 1 CHF = $1.1136

Performance Compensation

Data from FY 2023

Short-Term Incentive (STI)

Metric	Weight	Payout Range	Target / Calculation	Actual / Outcome	Evaluation Period & Additional Details
Financial Performance	70%	0% to 200%	Contributes to overall STI target	Implicitly included in final STI payout	Based on company financial goals for 2023
Strategic Objectives	30%	0% to 150%	Contributes to overall STI target	Implicitly included in final STI payout	Tied to strategic achievements in 2023
Individual Multiplier	20%	N/A	Multiplier applied to base STI calculation	Resulted in a final STI payout of 116.4%	No vesting; cash-based incentive for 2023
Overall STI Target	N/A	N/A	175% of Base Salary = $2,100,000	N/A	Determined from base salary for 2023
Final STI Payout	N/A	N/A	Derived from performance metrics	$2,444,400	Evaluated over the 2023 performance period; cash-based award

Long-Term Incentive (LTI)

Component	Weight / Units / Terms	Performance Metrics & Targets	Vesting Schedule & Evaluation Period	Additional Details
Performance Units (PUs)	Weight: 25% (Relative TSR) + 75% (Operational Performance)	Relative TSR:

30th Percentile: 50% payout
50th Percentile: 100% payout
75th Percentile: 150% payout
90th Percentile: 200% payout (Absolute TSR capped at 100% if negative )

Operational Performance (Core & ARP):

Core Plan: Threshold = 50% payout at 95% revenue, Target = 100% at 100% revenue, Maximum = 200% at 105% revenue
ARP: Threshold = 300% at 98% revenue, Target = 350% at 100% revenue, Maximum = 400% at 108% revenue | Vesting: Cliff vesting on March 1, 2026 Evaluation Period: Three-year period (2023–2025) | Granted under the long-term equity incentive plan; designed to align executive performance with shareholder returns | | Stock Options | 157,132 options ; Exercise Price: $52.58 | No specific performance metrics; vest based solely on time | Vest in three equal annual installments on March 1, 2024, March 1, 2025, and March 1, 2026 | Grant Date: March 1, 2023 ; Fair Value included in total LTI grant value | | Equity Grant Details | Total LTI Grant Value: $11,181,861 | Comprises both PUs and Stock Options; reflects overall performance compensation targets for long-term incentives | As noted in the respective components | Grant Date Stock Price: $52.58 ; PUs target units: 185,907 ; Maximum PUs: 650,675 |