In tectonic settings where decompression melting drives magmatism, there is compelling evidence that changes in ice loading or water loading across glacial-interglacial cycles modulate volcanic activity. In contrast, the response of subduction-related volcanoes remains unclear. A high-resolution postglacial eruption record from a large Chilean stratovolcano, Mocho-Choshuenco, provides new insight into the arc magmatic response to ice-load removal. Following deglaciation, we identify three distinct phases of activity characterized by different eruptive fluxes, sizes, and magma compositions. Phase 1 (13–8.2 ka) was dominated by large dacitic and rhyolitic explosive eruptions. During phase 2 (7.3–2.9 ka), eruptive fluxes were lower and dominated by moderate-scale basaltic andesite eruptions. Since 2.4 ka (phase 3), eruptive fluxes have been elevated and of more intermediate magmas. We suggest that this time-varying behavior reflects changes in magma storage time scales, modulated by the changing crustal stress field. During glaciation, magma stalls and differentiates to form large, evolved crustal reservoirs. Following glacial unloading, much of the stored magma erupts (phase 1). Subsequently, less-differentiated magma infiltrates the shallow crust (phase 2). As storage time scales increase, volcanism returns to more evolved compositions (phase 3). Data from other Chilean volcanoes show a similar tripartite pattern of evacuation, relaxation, and recovery, suggesting that this could be a general feature of previously glaciated arc volcanoes.