Trane Technologies promotes Donald Simmons to Chief Operating Officer effective July 1

Filed June 10, 2026 · Period ending June 4, 2026 · ~1 min read

Key Changes

• medium

  Donald Simmons, 55, currently Group President Americas, appointed EVP and COO starting July 1, 2026. This creates a new senior operational leadership layer reporting to the CEO.

  Item 5.02 verify on EDGAR →
• low

  Simmons will receive $950K base salary, 100% annual incentive target, and $4.3M annual equity award target, reflecting executive-level compensation structure.

  Offer Letter verify on EDGAR →
• low

  One-time equity grant of $800K ($400K in RSUs, $400K in stock options) vesting ratably over three years serves as retention mechanism for new role.

  Offer Letter verify on EDGAR →