Mark Majocha - Nov 10, 2023 Form 4 Insider Report for Trane Technologies plc (TT)

Signature
/s/ Eric R. Waller, Attorney-in-Fact
Stock symbol
TT
Transactions as of
Nov 10, 2023
Transactions value $
-$123,913
Form type
4
Date filed
11/14/2023, 04:12 PM
Previous filing
Jul 12, 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 $243K +1.63K +42.93% $148.98 5.43K Nov 10, 2023 Direct
transaction TT Ordinary Shares Sale -$367K -1.63K -30.04% $225.00 3.8K Nov 10, 2023 Direct F1
holding TT Ordinary Shares 1.98K Nov 10, 2023 By Plan Trustee

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 -1.63K -66.67% $0.00 815 Nov 10, 2023 Ordinary Shares 1.63K $148.98 Direct F2
* 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 February 27, 2023.
F2 The stock option vests in three (3) pro rata annual installments beginning on February 8, 2022.