David S. Regnery
Also at Trane Technologies PLC
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.
$TT Performance Under David S. Regnery
Past Roles
| Organization | Role | Date Range | Details |
|---|---|---|---|
| Trane Technologies | President and Chief Operating Officer | January 2020 to June 2021 | Had direct responsibility for the company's three regional reportable segments, including Commercial HVAC and Transport Refrigeration. |
| Trane Technologies | President of the Commercial HVAC Business | N/A | Led the launch of the company's EcoWise™ portfolio of products, emphasizing high-efficiency operation and low-GWP refrigerants. |
| Trane Technologies | Various Leadership Roles | N/A | Held multiple leadership roles throughout his career, contributing to expertise in climate solutions and sustainability strategies. |
Fixed Compensation
| Component Name | Amount ($) | 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
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% |