Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 4, 2026, the Board of Directors of Trane Technologies plc (the “Company”) appointed Donald E. Simmons, age 55, as Executive Vice President and Chief Operating Officer of the Company effective as of July 1 2026 (the “Effective Date”). Mr.…
Filed Jun 10, 2026Accepted Jun 10, 2026, 6:16 AM EDTCIK 1466258Accession 0001628280-26-042055
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Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 4, 2026, the Board of Directors of Trane Technologies plc (the “Company”) appointed Donald E. Simmons, age 55, as Executive Vice President and Chief Operating Officer of the Company effective as of July 1 2026 (the “Effective Date”). Mr. Simmons has served as Group President, Americas since January 2024. He previously served as Americas Segment Leader and CHVAC Americas President from January 2022 to December 2023 and President, CHVAC Americas from August 2017 to December 2021.
On June 5, 2026, the Company entered into an offer letter with Mr. Simmons (the “Offer Letter”). Pursuant to the Offer Letter, as of the Effective Date, Mr. Simmons will receive a base salary of $950,000, his Annual Incentive Matrix Program target will be 100% and his annual equity award target opportunity will be $4,300,000. In addition, Mr. Simmons will receive a one-time long-term equity incentive grant as of the Effective Date of $400,000 in Restricted Stock Units and $400,000 in stock options, each of which will vest ratably over three years.
Except as previously disclosed in the Company’s 2026 Proxy Statement filed with the Securities and Exchange Commission on April 23, 2026, Mr. Simmons has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
The foregoing summary of Mr. Simmons’s compensation is qualified in its entirety by reference to the complete Offer Letter, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure
On June 10, 2026, the Company issued a press release announcing the appointment of Mr. Simmons as Chief Operating Officer of the Company. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.