SURMA JOHN P 4
Research Summary
AI-generated summary
Trane Technologies (TT) Director John P. Surma Receives RSUs; Shares Withheld
What Happened John P. Surma, a director of Trane Technologies plc (TT), was granted 438 restricted stock units (RSUs) on June 5, 2026 (recorded as an acquisition at $0.00). On the same date 112 shares were disposed of at an attributable price of $456.84 per share to satisfy tax withholding obligations, generating a withholding value of $51,166. Net new shares from the grant after withholding = 326 shares.
Key Details
- Transaction dates: June 5, 2026; Form filed June 9, 2026 (filed on the second business day after the transaction).
- Grant: 438 RSUs granted (code A) — acquisition price reported as $0.00.
- Withholding: 112 shares disposed/withheld for taxes (code F) at $456.84 each, total $51,166.
- Vesting: Footnote states these RSUs fully vest on June 5, 2027.
- Shares owned after the transactions: not specified in the filing.
- Filing timeliness: filed on time (not reported late).
Context This filing reflects an equity award (RSUs) with shares withheld to cover tax obligations — a common, administrative action rather than an open-market sale. The RSUs vest in one year (June 5, 2027); until vesting they are unexercisable and do not represent immediately tradable shares.
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