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Trane Technologies (NYSE: TT) grants VP new stock and option awards

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Trane Technologies reported that VP & Chief Accounting Officer Elizabeth A. Elwell received equity awards on February 3, 2026. She acquired 230 ordinary shares as restricted stock units at $0, bringing her directly held shares to 7,378, with an additional 704.222 ordinary shares held indirectly through the Trane Technologies Employee Savings Plan trustee. She was also granted a stock option for 859 ordinary shares at an exercise price of $435.36 per share, expiring on February 2, 2036. Both the restricted stock units and the option vest in three equal annual installments beginning on February 3, 2027.

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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Elwell Elizabeth A.

(Last) (First) (Middle)
C/O TRANE TECHNOLOGIES COMPANY LLC
800-E BEATY STREET

(Street)
DAVIDSON NC 28036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Trane Technologies plc [ TT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Chief Accounting Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 02/03/2026 A 230(1) A $0 7,378 D
Ordinary Shares(2) 704.222 I By Plan Trustee
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $435.36 02/03/2026 A 859 (3) 02/02/2036 Ordinary Shares 859 $0 859 D
Explanation of Responses:
1. Represents restricted stock units that vest in three (3) equal annual installments beginning on February 3, 2027.
2. Latest available information provided by the trustee of the Trane Technologies Employee Savings Plan.
3. The stock option vests in three (3) pro rata annual installments beginning on February 3, 2027.
Remarks:
/s/ Eric R. Waller, Attorney-in-Fact 02/05/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Trane Technologies (TT) report for Elizabeth A. Elwell?

Trane Technologies reported that VP & Chief Accounting Officer Elizabeth A. Elwell received equity awards on February 3, 2026. She acquired 230 ordinary shares as restricted stock units and a stock option covering 859 ordinary shares, both subject to multi-year vesting schedules beginning in 2027.

How many Trane Technologies (TT) shares does Elizabeth A. Elwell own after this Form 4?

After the reported transactions, Elizabeth A. Elwell directly holds 7,378 ordinary shares of Trane Technologies. She also has an indirect holding of 704.222 ordinary shares through the Trane Technologies Employee Savings Plan trustee, as disclosed as the latest available plan information.

What are the terms of Elizabeth A. Elwell’s new stock option in Trane Technologies (TT)?

Elizabeth A. Elwell received a stock option to buy 859 ordinary shares at an exercise price of $435.36 per share. The option vests in three pro rata annual installments starting February 3, 2027, and expires on February 2, 2036, if not exercised earlier.

How do the new restricted stock units for Trane Technologies (TT) vest?

The 230 restricted stock units granted to Elizabeth A. Elwell vest in three equal annual installments. Vesting begins on February 3, 2027, meaning one-third of the units vest each year over a three-year period, subject to continued service and plan terms.

What is the difference between Elizabeth A. Elwell’s direct and indirect TT share holdings?

Elizabeth A. Elwell’s direct holdings are 7,378 ordinary shares owned in her name. She also has an indirect interest in 704.222 ordinary shares held by the Trane Technologies Employee Savings Plan trustee, reflecting retirement plan holdings rather than individually held brokerage shares.

Does the Form 4 for Trane Technologies (TT) show any share sales by Elizabeth A. Elwell?

The Form 4 shows only acquisitions coded as “A” for Elizabeth A. Elwell, including restricted stock units and a stock option grant. There are no reported dispositions or sales of Trane Technologies ordinary shares in this particular filing.
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