Trane Technologies (TT) CEO David Regnery Withholds 349 Shares for Taxes

What Happened
David S. Regnery, Chair and CEO of Trane Technologies (TT), reported a disposition of 349 shares on Feb 4, 2026 to satisfy a tax liability (transaction code F). The shares were valued at $441.20 each, totaling $153,979. This was a share-withholding to cover taxes (not an open-market sale).

Key Details

• Transaction date: 2026-02-04; reported on Form 4 filed 2026-02-06 (appears timely).
• Price per share: $441.20; total value of shares withheld: $153,979.
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld/disposed).
• Shares owned after the transaction: not specified in the provided filing extract.
• Footnote: F1 — some shares are held by a revocable trust established by the reporting person's spouse (spouse is sole trustee and beneficiary).

Context
Withholding shares to cover taxes is a routine administrative step following an option exercise or restricted stock vesting and is not the same as an open-market sale; it generally does not signal an active decision to reduce the insider’s economic stake. Form 4s with code F typically reflect tax withholding or payment of exercise price rather than directional trading intent.