Elwell Elizabeth A. 4

What Happened

• Elizabeth A. Elwell, Vice President & Chief Accounting Officer of Trane Technologies (TT), had 888 performance share units vest on March 4, 2026 (award of 888 shares at $0.00). To satisfy tax withholding on the vesting, 253 shares were withheld/disposed at $445.05 per share, generating approximately $112,598.
• This is primarily a vesting/award event (not a market sell). The withheld shares reflect tax withholding rather than a discretionary sale.

Key Details

• Transaction date: 2026-03-04; Form filed: 2026-03-06 (filed two days after the transaction; appears timely).
• Award: 888 shares granted/vested (code A) at $0.00.
• Withholding/tax payment: 253 shares withheld (code F) at $445.05 each; total value reported ~$112,598.
• Shares owned after transaction: not specified in the information provided.
• Relevant footnotes:
  • F1: These shares represent vesting of performance share units for the 2023–2025 performance period.
  • F2: Withholding/latest share info provided by the trustee of the Trane Technologies Employee Savings Plan.
• Filing type: routine vesting and tax withholding (F = payment of exercise price or tax liability), not a discretionary open-market sale.

Context

• Vesting of performance shares is compensation; withholding of shares to cover taxes is common and does not by itself indicate insider sentiment about the stock.
• For retail investors, award vesting increases insider stake only if withheld shares are fewer than vested; here some shares were retained (888 vested minus 253 withheld = 635 net shares delivered), assuming no other transactions.