Raymond D. Pittard - Nov 3, 2023 Form 4 Insider Report for Trane Technologies plc (TT)

Role
Executive Vice President
Signature
/s/ Eric R. Waller, Attorney-in-Fact
Stock symbol
TT
Transactions as of
Nov 3, 2023
Transactions value $
-$2,490,119
Form type
4
Date filed
11/6/2023, 04:10 PM
Previous filing
Mar 3, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TT Ordinary Shares Options Exercise $378K +3.6K +3.92% $105.28 95.4K Nov 3, 2023 Direct
transaction TT Ordinary Shares Sale -$785K -3.6K -3.77% $218.26 91.8K Nov 3, 2023 Direct F1, F2
transaction TT Ordinary Shares Sale -$1.35M -6.19K -6.74% $218.21 85.6K Nov 3, 2023 Direct F1, F3
transaction TT Ordinary Shares Sale -$733K -3.36K -3.92% $218.29 82.2K Nov 3, 2023 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TT Stock Option (Right to Buy) Options Exercise $0 -3.6K -100% $0.00* 0 Nov 3, 2023 Ordinary Shares 3.6K $105.28 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Transaction executed pursuant to a Rule 10b5-1 Plan adopted by the reporting person on August 3, 2023.
F2 This transaction was executed in multiple trades ranging from $216.60 to $219.26 per share. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 This transaction was executed in multiple trades ranging from $216.15 to $219.21 per share. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F4 This transaction was executed in multiple trades ranging from $216.60 to $219.18 per share. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F5 The stock option vests in three (3) pro rata annual installments beginning on March 9, 2021.