Simmons Donald E. 4
Research Summary
AI-generated summary
Trane (TT) Group President Donald Simmons Receives Restricted Stock Award
What Happened
- Donald E. Simmons, Group President, Americas at Trane Technologies (TT), received equity awards on Feb 3, 2026. The filing shows an acquisition of 2,010 shares at $0.00 and an acquisition of 7,510 derivative awards at $0.00 (total 9,520 shares/units). These are awards/grants (not open-market purchases or sales).
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (appears timely).
- Price: $0.00 for both items (awards issued, no cash paid).
- Shares/units granted: 2,010 shares + 7,510 derivative awards = 9,520 total.
- Shares owned after transaction: Not disclosed in the information provided.
- Footnotes in the filing:
- F1: The derivative award(s) represent restricted stock units (RSUs) that vest in three equal annual installments beginning Feb 3, 2027.
- F2: Latest available information was provided by the trustee of the Trane Technologies Employee Savings Plan (filing note).
- F3: The filing also notes a standard three-year pro rata vesting schedule for stock options (vesting begins Feb 3, 2027) where applicable.
- Transaction code: A = Award/Grant.
Context
- These awards are grants—common components of executive compensation—and vest over time, so they do not represent an immediate purchase or sale of shares. Restricted stock units and similar derivative awards convert to actual shares only as they vest, so this filing signals a compensation grant rather than a direct bet on the stock.