David S. Regnery

Chair of the Board and Chief Executive Officer at Trane Technologies

Board

Since July 1, 2021

Age

62 years

Tenure

Joined TT on 08-05-2017 and has held multiple leadership roles including Executive Vice President from 09-2017 to 12-2019, President and Chief Operating Officer from 01-2020 to 06-2021, and currently serves as Chief Executive Officer since 07-01-2021 while also acting as Chair of the Board since 01-01-2022.

Also at Trane Technologies

CJK

Christopher J. Kuehn

Executive Vice President and Chief Financial Officer

DES

Donald E. Simmons

Group President, Americas

Elizabeth Elwell

Vice President and Chief Accounting Officer

About

At 62 years old as of February 6, 2025, this executive has dedicated his entire career to advancing the mission of TT, showcasing a steadfast commitment to innovation and sustainability.

Having joined the company on 08-05-2017, he quickly ascended through several pivotal roles, beginning as Executive Vice President from September 2017 to December 2019, then moving on to serve as President and Chief Operating Officer from January 2020 to June 2021.

Since 07-01-2021, he has been leading TT as the Chief Executive Officer, and his appointment as Chair of the Board came on January 1, 2022. His tenure is marked by strategic decisions and bold leadership that have significantly shaped the company’s focus on climate solutions and high-efficiency technologies.

Beyond his primary roles at TT, his participation in global initiatives such as the Alliance of CEO Climate Leaders for the World Economic Forum underlines a broader dedication to sustainable business practices and climate responsibility.

$TT Performance Under David S. Regnery

Past Roles

Organization	Role	Date Range	Details
Trane Technologies	President and Chief Operating Officer	January 2020 to June 2021	Had direct responsibility for the company's three regional reportable segments, including Commercial HVAC and Transport Refrigeration.
Trane Technologies	President of the Commercial HVAC Business	N/A	Led the launch of the company's EcoWise™ portfolio of products, emphasizing high-efficiency operation and low-GWP refrigerants.
Trane Technologies	Various Leadership Roles	N/A	Held multiple leadership roles throughout his career, contributing to expertise in climate solutions and sustainability strategies.

Fixed Compensation

Data from FY 2023

Component Name	Amount ($)	Payment Schedule	Additional Details
Base Salary	1,362,500	Annually (2023)	Annualized as of 12/31/2023: 1,400,000; Actual paid: 1,362,500
All Other Compensation	584,762	Paid in 2023	Breakdown: Company Contributions: 351,350, Tax Assistance: 107,305, Personal Use of Aircraft: 85,050, Life Insurance/LTD: 11,108, Executive Health Program: 4,773, Financial Planning: 8,613, Other Benefits: 16,563

Performance Compensation

Data from FY 2023

Performance Share Units (PSUs)

Attribute	Value	Additional Details
Performance Metrics	CROIC (50%), TSR (50%)	Measured relative to the S&P 500 Industrials Index
Threshold/Target/Max	Below 25th: 0%, 25th: 25%, 50th: 100%, 75th+: 200%	Interpolation applies between percentiles
Grant Date	Feb 7, 2023
Grant Date Fair Value	6,612,147
Units Granted	Target: 31,865, Maximum: 63,730
Vesting Schedule	3-year performance period (2023-2025)

Restricted Stock Units (RSUs)

Attribute	Value	Additional Details
Grant Date	Feb 7, 2023
Grant Date Fair Value	2,875,110
Units Granted	15,933
Vesting Schedule	3 equal annual installments starting on the first anniversary

Stock Options

Attribute	Value	Additional Details
Grant Date	Feb 7, 2023
Grant Date Fair Value	2,875,006
Units Granted	60,021
Exercise Price	180.45 per share
Vesting Schedule	3 equal annual installments starting on the first anniversary
Expiration Date	Feb 6, 2033	10-year term from grant

Non-Equity Incentive Plan Compensation (AIM Program)

Attribute	Value	Additional Details
Award Amount (2023)	4,059,149	Actual AIM award for 2023
Threshold	672,000
Target	2,240,000
Maximum	4,480,000
AIM Financial Score	151.01%
AIM Achievement	181.21%