8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 5, 2023

TRANE TECHNOLOGIES PLC

(Exact name of Registrant as Specified in Charter)

Ireland	001-34400	98-0626632
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

170/175 Lakeview Drive

Airside Business Park

Swords Co. Dublin

Ireland

(Address of principal executive offices, including zip code)

+(353)(0)18707400

(registrant’s phone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol	Name of each exchange on which registered
Ordinary Shares, Par Value $1.00 per Share	TT	New York Stock Exchange
5.250% Senior Notes due 2033	TT33	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

On April 5, 2023, the Board of Directors (the “Board”) of Trane Technologies plc (the “Company”) elected John Hayes to serve as an independent director on the Company’s Board, effective immediately. Mr. Hayes will serve on the Human Resources and Compensation Committee of the Board and the Sustainability, Corporate Governance and Nominating Committee of the Board.

Mr. Hayes is currently the Chairman of Ball Corporation, a position he has held since April 2013. Mr. Hayes also served as the Chief Executive Officer of Ball Corporation from January 2011 to April 2022.

Mr. Hayes will participate in the non-management director compensation program described on pages 40 through 42 of the Company’s definitive proxy statement filed with the Securities and Exchange Commission on April 22, 2022.

There are no arrangements or understandings between Mr. Hayes and any other person pursuant to which Mr. Hayes was elected to the Board. There are no transactions between Mr. Hayes and the Company that would require disclosure under Item 404(a) of Regulation S-K.

A copy of the press release announcing Mr. Hayes’ appointment to the Board is attached hereto as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

Exhibit No.	Description
99.1	Press Release of Trane Technologies plc, dated April 6, 2023.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		TRANE TECHNOLOGIES PLC
	By:	/s/ Evan M. Turtz
Date: April 6, 2023		Evan M. Turtz Senior Vice President, General Counsel and Secretary

EX-99.1

Exhibit 99.1

Media Contact:	Investors Contact:
Shelby Hansen	Zachary Nagle
+1-704-990-3835	+1-704-990-3913
Shelby.Hansen@tranetechnologies.com	InvestorRelations@tranetechnologies.com

John Hayes, Chairman and former President and CEO, Ball Corporation,

Joins Trane Technologies Board of Directors

SWORDS, Ireland — April 6, 2023 — Trane Technologies (NYSE: TT), a global climate innovator, today announced it has appointed John Hayes, chairman and former president and CEO, Ball Corporation (NYSE: BALL), to its Board of Directors, effective immediately.

“John brings deep leadership and corporate governance experience and will be a strong addition to our Board of Directors,” said Dave Regnery, chair and CEO of Trane Technologies. “We will benefit greatly from his growth mindset and strategic vision as we continue to innovate for a sustainable world and drive long-term value for shareholders.”

Hayes brings more than 30 years of leadership experience in global, industrial markets. He is retiring from his role as chairman of Ball Corporation effective April 26, 2023. He has served as chairman since 2013, and chief executive officer from 2011 to April 2022. During his tenure as CEO, he led multiple acquisitions and strategic transactions as the company’s revenues doubled and its market capitalization increased sixfold.

During his early career at Ball, Hayes worked in corporate planning and development and later became President of Ball Packaging Europe. Prior to joining Ball, he served as vice president of Mergers and Acquisitions and Corporate Finance for Lehman Brothers.

Hayes serves on the Board of Directors for Kohler Co. and as an Operating Advisor to CD&R with a focus across the industrials sector. He holds a B.A. in English and Economics from Colgate University and a M.B.A. in Finance and Strategy from the J.L. Kellogg Graduate School of Management at Northwestern University.

Hayes will serve on the Human Resources and Compensation and the Sustainability, Corporate Governance and Nominating Committees of the Trane Technologies Board of Directors.

# # #

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane^® and Thermo King^®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. For more on Trane Technologies, visit tranetechnologies.com.

XML

Document and Entity Information	Apr. 05, 2023
Document And Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Apr. 05, 2023
Entity Registrant Name	TRANE TECHNOLOGIES PLC
Entity Incorporation, State or Country Code	L2
Entity File Number	001-34400
Entity Tax Identification Number	98-0626632
Entity Address, Address Line One	170/175 Lakeview Drive
Entity Address, Address Line Two	Airside Business Park
Entity Address, City or Town	Swords Co. Dublin
Entity Address, Country	IE
Entity Address, Postal Zip Code	00000
Country Region	353
City Area Code	1
Local Phone Number	8707400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Entity Central Index Key	0001466258
Amendment Flag	false
Ordinary Shares, Par Value $1.00 per Share [Member]
Document And Entity Information [Line Items]
Title of 12(b) Security	Ordinary Shares, Par Value $1.00 per Share
Trading Symbol	TT
Security Exchange Name	NYSE
5.250% Senior Notes due 2033 [Member]
Document And Entity Information [Line Items]
Title of 12(b) Security	5.250% Senior Notes due 2033
Trading Symbol	TT33
Security Exchange Name	NYSE