Trane CEO Regnery Exercises Options And Sells 48,091 Shares At $480.00, A $23.1 Million Sale
The sale ran under a trading plan adopted May 4, and follows an August sale of 43,778 shares valued at about $20.8 million.
Trane Technologies Chair and CEO David Regnery exercised options for 48,091 shares at $78.97 each on Tuesday and sold the same shares at an average $480.00, a $23.1 million sale, according to a Form 4 (the report insiders file after trading) filed Thursday.
What the filing shows
The filing lists two linked transactions on Tuesday: an option exercise that added 48,091 Ordinary Shares, then an open-market sale of the same number. His direct holding after the sale is 96,951.43 shares, and the exercise-and-sale pair leaves no net change in his direct share count.
He also reports 24,500 shares held indirectly through a revocable trust. A footnote says Regnery's spouse established the trust and is its sole trustee and sole beneficiary. The filing keeps the two holdings as separate lines.
The options came from an earlier grant. A footnote says they vested in three equal annual installments starting February 5, 2020.
The trading plan and the earlier sale
A footnote says the trades were made under a Rule 10b5-1 plan, a pre-scheduled trading plan filed with the SEC, which Regnery adopted on May 4, 2026. Sales under such a plan follow terms set in advance.
Recent filings also list an August 5 sale of 43,778 shares at about $475.00 a share, valued at roughly $20.8 million. That is a sample of recent filings, not his full history.
What to watch
Further Form 4 filings would show whether Regnery keeps exercising options and selling under the May plan.
After the transactions, Regnery's holdings across the direct line and the trust line total 121,451.43 Ordinary Shares.
Sources
- Form 4 — David S Regnery (TT) — SEC EDGAR
