Simmons Donald E. 4

What Happened
Donald E. Simmons, Group President, Americas at Trane Technologies (TT), received 6,652 shares on 2026-03-04 as the vesting of performance share units (PSUs) for the 2023–2025 performance period. To cover tax withholding, 2,890 of those shares were disposed of at $445.05 per share, generating proceeds of $1,286,195. The awarded shares were recorded as an acquisition at $0.00 (standard for vested awards).

Key Details

• Transaction date: 2026-03-04; Form 4 filed 2026-03-06 (filed two days after transaction).
• Award: 6,652 shares (code A) recorded as acquired at $0.00 — represents PSU vesting (Footnote F1).
• Tax withholding: 2,890 shares disposed (code F) at $445.05 each, total $1,286,195.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnotes: F1 = vesting of PSUs for 2023–2025; F2 = latest trustee information from the Trane Technologies Employee Savings Plan.
• Transaction codes: A = award/acquisition; F = tax withholding/related disposition.

Context
This was a routine equity award vesting with shares withheld to satisfy tax obligations (not an open-market sale or purchase decision). Such withholding is common when performance awards vest and does not by itself indicate a change in the insider’s view of the company.