Regnery David S 4

What Happened
David S. Regnery, Chair and CEO of Trane Technologies plc (TT), disposed of a total of 4,657 shares in transactions on Feb 6–7, 2026. The filing shows: an open-market sale of 987 shares on 2026-02-06 at $451.08/share for $445,213; and two dispositions to satisfy exercise price or tax liabilities of 1,487 shares (2/6) and 2,183 shares (2/7) at a reported $454.76/share for $676,228 and $992,741, respectively. Combined proceeds reported are approximately $2.11 million. These were disposals (sales/surrendered shares), not purchases.

Key Details

• Transaction dates and amounts:
  • 2026-02-06: 987 shares sold @ $451.08 = $445,213 (open market)
  • 2026-02-06: 1,487 shares disposed @ $454.76 = $676,228 (payment of exercise price/tax)
  • 2026-02-07: 2,183 shares disposed @ $454.76 = $992,741 (payment of exercise price/tax)
• Total shares disposed: 4,657; total proceeds ≈ $2,114,182.
• Shares owned after transaction: Not specified in the provided summary (see the Form 4 for post-transaction holdings).
• Notable footnotes:
  • Transactions were executed under a Rule 10b5-1 trading plan adopted June 2, 2025.
  • One transaction was executed in multiple trades at prices ranging $444.00–$453.67; the filing shows weighted-average price.
  • Some reported holdings are held in a revocable trust established by the reporting person’s spouse (footnote).
• Filing timeliness: Form 4 filed 2026-02-10 for transactions on 2/6–2/7; filing is within the SEC two-business-day window and appears timely.

Context
Entries labeled as payment of exercise price or tax liability typically mean shares were surrendered or sold to cover option-exercise costs or withholding taxes (a “sell-to-cover” or cashless exercise). The presence of a 10b5-1 plan indicates the trades were pre-arranged, which is common for executives. These kinds of disposals are often routine and tax-related rather than a clear signal about the insider’s view of the company.