Trane Technologies DEF 14A: Executive Compensation Revealed

Ticker: TT · Form: DEF 14A · Filed: 2024-04-25T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, annual-meeting

TL;DR

Trane Tech's proxy statement is out, detailing exec pay for 2023. Expect details on CEO and PEO member compensation.

AI Summary

Trane Technologies plc filed a DEF 14A on April 25, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on compensation for key executives, such as the CEO and other "PEO Members," and outlines the company's compensation philosophy and practices. Specific dollar amounts for salaries, bonuses, and stock awards are expected to be detailed within the full filing.

Why It Matters

This filing provides transparency into how Trane Technologies compensates its top executives, which can influence investor decisions and employee morale.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing for executive compensation disclosure and does not inherently present new risks.

Key Numbers

2023 — Fiscal Year End (Compensation details pertain to this year.)
20240425 — Filing Date (Date the DEF 14A was submitted to the SEC.)

Key Players & Entities

Trane Technologies plc (company) — Filer of the DEF 14A
Ingersoll-Rand plc (company) — Former company name
2023-12-31 (date) — Fiscal year end
20240425 (date) — Filing date

FAQ

What is the primary purpose of this DEF 14A filing for Trane Technologies plc?

The primary purpose is to disclose executive compensation details for the fiscal year ending December 31, 2023, and to provide information for shareholders to vote on related matters at the annual meeting.

When was this DEF 14A filing submitted to the SEC?

The filing was submitted on April 25, 2024.

What was Trane Technologies plc's former company name?

Trane Technologies plc was formerly known as Ingersoll-Rand plc.

What fiscal year does the compensation information in this filing primarily cover?

The compensation information primarily covers the fiscal year ending December 31, 2023.

What is the SIC code associated with Trane Technologies plc?

The Standard Industrial Classification (SIC) code is 3822, which corresponds to AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT.

From the Filing

0001466258-24-000155.txt : 20240425 0001466258-24-000155.hdr.sgml : 20240425 20240425061051 ACCESSION NUMBER: 0001466258-24-000155 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 119 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Trane Technologies plc CENTRAL INDEX KEY: 0001466258 STANDARD INDUSTRIAL CLASSIFICATION: AUTO CONTROLS FOR REGULATING RESIDENTIAL & COMML ENVIRONMENT [3822] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: L2 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-34400 FILM NUMBER: 24872712 BUSINESS ADDRESS: STREET 1: 170/175 LAKEVIEW DRIVE STREET 2: AIRSIDE BUSINESS PARK, SWORDS, CITY: CO. DUBLIN STATE: L2 ZIP: 00000 BUSINESS PHONE: 732-652-7000 MAIL ADDRESS: STREET 1: C/O TRANE TECHNOLOGIES STREET 2: 800-E BEATY STREET CITY: DAVIDSON STATE: NC ZIP: 28036 FORMER COMPANY: FORMER CONFORMED NAME: Ingersoll-Rand plc DATE OF NAME CHANGE: 20090612 DEF 14A 1 tt-20240424.htm DEF 14A tt-20240424 0001466258 DEF 14A FALSE 0001466258 2023-01-01 2023-12-31 0001466258 tt:SecondPEOMember 2023-01-01 2023-12-31 iso4217:USD 0001466258 tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 2022-01-01 2022-12-31 0001466258 tt:FirstPEOMember 2021-01-01 2021-12-31 0001466258 tt:SecondPEOMember 2021-01-01 2021-12-31 0001466258 2021-01-01 2021-12-31 0001466258 tt:FirstPEOMember 2020-01-01 2020-12-31 0001466258 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:AdjustmentType1Member tt:FirstPEOMember 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:AdjustmentType2Member tt:FirstPEOMember 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:AdjustmentType3Member tt:FirstPEOMember 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType4Member 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType5Member 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType6Member 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:AdjustmentType1Member tt:FirstPEOMember 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:AdjustmentType2Member tt:FirstPEOMember 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:AdjustmentType3Member tt:FirstPEOMember 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType4Member 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType5Member 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:FirstPEOMember tt:AdjustmentType6Member 2020-01-01 2020-12-31 0001466258 ecd:PeoMember tt:AdjustmentType1Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType2Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType3Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType4Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType5Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType6Member tt:SecondPEOMember 2023-01-01 2023-12-31 0001466258 ecd:PeoMember tt:AdjustmentType1Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType2Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType3Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType4Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType5Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType6Member tt:SecondPEOMember 2022-01-01 2022-12-31 0001466258 ecd:PeoMember tt:AdjustmentType1Member tt:SecondPEOMember 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:AdjustmentType2Member tt:SecondPEOMember 2021-01-01 2021-12-31 0001466258 ecd:PeoMember tt:AdjustmentType3Member tt:SecondPEOMember 2021-01-01 2021-12-31 00014