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Tech — Hardware

Trane Technologies Executive Compensation (FY25)

TT · Davidson, NC · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
David Regnery
Latest say-on-pay support
=
June 5, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): June 5, 2026
14 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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386 figures on this page: 377 cited to the filing that reported them, 9 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — David Regnery: $28,213,787 → $27,262,157 (3.4% lower)
Say-on-pay support: 90.3% → 88.4% (1.9 points lower)
CEO pay ratio: 426:1 → 402:1 (5.6% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Trane Technologies' chief executive and what were they paid?
David Regnery, Chair and Chief Executive Officer, received $27,262,157 in total compensation for fiscal 2025. Compared with the $28,213,787 reported for fiscal 2024, Regnery's total was 3.4% lower.
What was Trane Technologies' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 88.4% of votes cast for or against in favor at the meeting held June 5, 2026.
Which companies are in Trane Technologies' peer group?
Companies named in the disclosed peer group include 3M Company, Carrier Global Corporation, Cummins Inc., Danaher Corporation and Deere & Company, among others.
What is Trane Technologies' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 402:1, against median employee compensation of $67,812.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Regnery
Chair and Chief Executive Officer
◇—◇◇◇—◇◇
Christopher Kuehn
Executive Vice President and Chief Financial Officer
◇—◇◇◇—◇◇
Paul A. Camuti
Executive Vice President and Chief Technology and Sustainability Officer
◇—◇◇◇—◇◇
Evan M. Turtz
Senior Vice President and General Counsel
◇—◇◇◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Regnery
Chair and Chief Executive Officer
◇—◇◇◇◇◇◇
Christopher Kuehn
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Paul A. Camuti
Executive Vice President and Chief Technology and Sustainability Officer
◇—◇◇◇◇◇◇
Evan M. Turtz
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
Robert Pittard
Executive Vice President and Chief Integrated Supply Chain Officer
◇—◇◇◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Regnery
Chair and Chief Executive Officer
◇—◇◇◇◇◇◇
Christopher Kuehn
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Donald Simmons
Group President, Americas
◇—◇◇◇◇◇◇
Paul A. Camuti
Executive Vice President and Chief Technology and Sustainability Officer
◇—◇◇◇◇◇◇
Evan M. Turtz
Senior Vice President and General Counsel
◇—◇◇◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
David Regnery
Chair and Chief Executive Officer
◇—◇◇◇◇◇◇
Christopher Kuehn
Executive Vice President and Chief Financial Officer
◇—◇◇◇◇◇◇
Donald Simmons
Group President, Americas
◇—◇◇◇◇◇◇
Mingxiao Guo
Senior Vice President and Chief Global Integrated Supply Chain Officer
◇—◇———◇◇
Mauro Atalla
Senior Vice President and Chief Technology and Sustainability Officer
◇◇◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher KuehnOPTION◇——◇—◇◇
Christopher KuehnRSU◇——◇——◇
Christopher KuehnPSU◇◇◇—◇—◇
David RegneryOPTION◇——◇—◇◇
David RegneryRSU◇——◇——◇
David RegneryPSU◇◇◇—◇—◇
Donald SimmonsRSU◇——◇——◇
Donald SimmonsOPTION◇——◇—◇◇
Donald SimmonsPSU◇◇◇—◇—◇
Mauro AtallaRSU◇——◇——◇
Mauro AtallaOPTION◇——◇—◇◇
Mauro AtallaOPTION◇——◇—◇◇
Mauro AtallaRSU◇——◇——◇
Mauro AtallaPSU◇◇◇—◇—◇
Mauro AtallaPSU◇◇◇—◇—◇
Mingxiao GuoRSU◇——◇——◇
Mingxiao GuoPSU◇◇◇—◇—◇
Mingxiao GuoPSU◇◇◇—◇—◇
Mingxiao GuoRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
David RegneryOption◇—◇2/3/2035
PSU◇◇——
Option◇—◇2/5/2034
PSU◇◇——
PSU◇◇——
Option◇—◇2/6/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
Christopher KuehnOption◇—◇2/3/2035
PSU◇◇——
Option◇—◇2/5/2034
PSU◇◇——
PSU◇◇——
Option◇—◇2/6/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
Donald SimmonsOption◇—◇2/3/2035
PSU◇◇——
Option◇—◇2/5/2034
PSU◇◇——
PSU◇◇——
Option◇—◇2/6/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
Mingxiao GuoRSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Mauro AtallaOption◇—◇2/3/2035
Option◇—◇2/3/2035
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christopher Kuehn
Executive Vice President and Chief Financial Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
David Regnery
Chair and Chief Executive Officer · Employment agreement
Severance multiple◇
Severance base◇
Donald Simmons
Group President, Americas · Change-in-control agreement
Change-in-control multiple◇
Mauro Atalla
Senior Vice President and Chief Technology and Sustainability Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Mingxiao Guo
Senior Vice President and Chief Global Integrated Supply Chain Officer · Change-in-control agreement
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John P. Surma
Lead independent director
◇◇———◇◇
April Miller Boise
◇◇———◇◇
Melissa N. Schaeffer
◇◇———◇◇
John A. Hayes
◇◇———◇◇
Linda P. Hudson
◇◇———◇◇
Ann C. Berzin
◇◇———◇◇
Myles P. Lee
◇◇———◇◇
Kirk E. Arnold
◇◇————◇
Mark R. George
◇◇————◇
Ana P. Assis
◇◇————◇
Matthew F. Pine
◇◇———◇◇
G. D. Forsee
◇————◇◇
David S. Regnery served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($712,500)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • 3M Company MMM
  • Carrier Global Corporation CARR
  • Cummins Inc. CMI
  • Danaher Corporation DHR
  • Deere & Company DE
  • Dover Corporation DOV
  • Eaton Corporation plc ETN
  • Emerson Electric Co. EMR
  • Honeywell International Inc. HON
  • Illinois Tool Works Inc. ITW
  • Johnson Controls International plc JCI
  • Otis Worldwide Corporation OTIS
  • Parker-Hannifin Corporation PH
  • Rockwell Automation, Inc. ROK
  • TE Connectivity Ltd. TEL

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 5, 2026=◇◇◇
2024June 6, 2025=◇◇◇
2023June 6, 2024=◇◇◇
2022June 1, 2023=◇◇◇
2021June 2, 2022=◇◇◇
2020June 3, 2021=◇◇◇
2019June 4, 2020=◇◇◇
2018June 6, 2019=◇◇◇
2017June 7, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- David Regnery (Chair and Chief Executive Officer), FY2025 total compensation $27,262,157 (base salary $1,512,500) [exec_comp, SEC accession 0001628280-26-026679, filed 2026-04-23]

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What this page does not include

Everything above is a fact Trane Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Trane Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
386 figures on this page: 377 cited to the filing that reported them, 9 calculated from figures it prints.
377 cited to the filing
9 calculated from the filing

Documents cited

  1. 0001628280-26-041032
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-026679
    2025 Director Compensation · CEO Pay Ratio · Director Compensation · Grants of Plan-Based Awards · and 3 more sections
  3. 0001628280-25-029807
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001466258-25-000114
    Summary Compensation Table
  5. 0001466258-24-000191
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001466258-24-000155
    Summary Compensation Table · Summary Compensation Table - 2023
  7. 0001466258-23-000128
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001466258-23-000108
    Summary Compensation Table
  9. 0001466258-22-000119
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001466258-21-000096
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001466258-20-000171
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001466258-19-000218
  13. 0001466258-18-000172
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0001193125-09-166979
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Velarion, “Trane Technologies executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TT (accessed 2026).
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14 filings cited on this page
Method: intel.velarion.ai/methodology
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Tech — Hardware rankings

Chief executive pay — Tech — HardwareCEO pay ratio — Tech — HardwareSay-on-pay support — Tech — Hardware

Peers Trane Technologies discloses

The companies named in TT's own disclosed peer group.

3M CompanyCarrier Global CorporationCummins Inc.Danaher CorporationDeere & CompanyDover CorporationEaton Corporation plcEmerson Electric Co.Honeywell International Inc.Illinois Tool Works Inc.Johnson Controls International plcOtis Worldwide CorporationParker-Hannifin CorporationRockwell Automation, Inc.TE Connectivity Ltd.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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