TRANE TECHNOLOGIES PLC (Exact Name of Registrant As Specified in Its Charter) ______

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) — June 3, 2021 ______TRANE TECHNOLOGIES PLC (Exact name of registrant as specified in its charter) ______

Ireland 001-34400 98-0626632 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) 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: ☐ 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

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2): 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. o Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 3, 2021, the Board of Directors of Trane Technologies plc (the “Company”) elected David S. Regnery, age 58, President and Chief Executive Officer, effective July 1, 2021. Mr. Regnery has also been elected a member of the Board of Directors effective July 1, 2021.

Mr. Michael W. Lamach, who had been Chairman of the Board and Chief Executive Officer, has announced his intention to retire from the Company in the first half of 2022. Mr. Lamach will become the full-time Executive Chair of the Board effective July 1, 2021 for a period of transition until his retirement.

During the past five years, Mr. Regnery held the following positions with the Company: President and Chief Operating Officer (January 1, 2020 – June 2021); Executive Vice President (September 2017 to December 2019); Vice President, President of Commercial HVAC, North America and EMEA (2013-2017). In connection with his promotion, Mr. Regnery will no longer serve as Chief Operating Officer of the Company. The Company has not replaced the Chief Operating Officer role.

The Company issued a press release on June 4, 2021 announcing the election of Mr. Regnery and the changes to Mr. Lamach’s role. A copy of this news release is furnished as Exhibit 99.1 to this report.

Mr. Regnery’s new position includes the following compensation arrangements: (i) an annual base salary of $1,200,000, effective July 1, 2021; (ii) a target 2021 cash incentive opportunity of 150% of base salary under the Annual Incentive Matrix (AIM) program prorated based on his time as COO and CEO; (iii) beginning with the 2022 annual grants, a long-term incentive target of stock options and restricted stock units valued at $3,000,000 and a target award under the Performance Share Program valued at $3,000,000; (iv) a special one-time equity grant in the amount of $3,140,000 (denominated as $720,000 in RSUs, $720,000 in stock options, both vesting ratably over 3 years, and $1,700,000 in PSUs aligned with the 2021-2023 performance cycle) on July 1, 2021, (v) use of company-provided aircraft for business purposes and up to $150,000 annually for personal use of aircraft; and (vi) eligibility to receive a severance payment equal to two times the sum of his base salary plus a prorated cash incentive award for the current year in the event of involuntary termination other than for cause.

The description above is a summary of the employment letter dated June 3, 2021 (the “Regnery Offer Letter”) and is qualified in its entirety by the Regnery Offer Letter, which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.

In addition, the Compensation Committee of the Board of Directors agreed to set the interest rate used to calculate the lump sum payment for Mr. Lamach under terms of the Elected Officers Supplemental Plan as of July 1, 2021. Mr. Lamach’s compensation arrangements remain otherwise unchanged. All other benefits and perquisites to which Mr. Lamach was previously eligible will remain in effect until his retirement.

The description above is a summary of the employment letter dated June 3, 2021 (the “Lamach Offer Letter”) and is qualified in its entirety by the Lamach Offer Letter, which is attached hereto as Exhibit 10.2 and is incorporated by reference herein.

Additional information about the Company’s annual cash incentive under the AIM program, performance share and stock option programs, retirement plans and other executive compensation, benefit and perquisite arrangements is available in the Company’s Definitive Proxy Statement filed with the Securities and Exchange Commission on April 23, 2021.

On June 3, 2021, Mr. Richard J. Swift retired from the Board of Directors of the Company due to reaching retirement age in accordance with the Company’s Corporate Governance Guidelines. The Board of Directors have elected Gary D. Forsee as the Company’s Lead Independent Director. The Company issued a press release on June 4, 2021 announcing the retirement of Mr. Swift and the appointment of Mr. Forsee as Lead Independent Director. A copy of this news release is furnished as Exhibit 99.2 to this report. Item 9.01. Financial Statements and Exhibits (d) Exhibits.

Exhibit No. Description

10.1 David S. Regnery Offer Letter, Dated June 3, 2021 10.2 Michael W. Lamach Offer Letter, Dated June 3, 2021 99.1 Press release, dated June 4, 2021, relating to election of Chief Executive Officer 99.2 Press release, dated June 4, 2021, relating to Lead Director 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 (Registrant)

Date: June 4, 2021 /s/ Evan M. Turtz Evan M. Turtz, Senior Vice President, General Counsel and Secretary Exhibit 10.1

[Trane Technologies Letterhead]

June 3, 2020

Mr. David S. Regnery [Address Redacted]

Dear Dave:

Congratulations on your promotion to President and Chief Executive Officer of Trane Technologies plc (“the Company”). This position will be located in Davidson, North Carolina and becomes effective as of July 1, 2021. I look forward to the significant contributions you will make leading the Company in the future.

The following summarizes the impact of this promotion on your compensation and benefits.

1. Your new base salary will become effective as of July 1, 2021 and will be set at an annual rate of $1,200,000 (One Million and Two Hundred Thousand U.S. dollars) paid in pro-rata payments on a monthly basis. This represents an increase of $300,000, or 33.3% above your current base salary of $900,000.

2. Your Annual Incentive Matrix (“AIM”) target opportunity will increase from 100% to 150% of your base salary. When you take into account your new base salary and your new AIM target, your annualized cash incentive target will increase from $900,000 to $1,800,000 or by $900,000 (100%). The actual award that you may receive can range from 0% to 200% of the targeted amount depending upon your performance and the performance of the Company. For the 2021 plan year, your AIM target award will be pro-rated based on your actual time in each role.

3. Beginning with the 2022 grant, your annual Long-Term Incentive (“LTI”) target will increase from $2,600,000 to $6,000,000 or by $3,400,000 (130.8%). Your LTI target value will be awarded in two parts:

• Stock Options and Restricted Stock Units (“RSU”s): Your annual equity (stock option and RSU) target will increase from $1,300,000 to $3,000,000, or by $1,700,000. At this time, it is anticipated that your 2022 equity grant will be made in an equal proportion of stock options and RSUs. The award value will be converted into stock options and RSUs based on the fair market value (FMV) of Trane Technologies ordinary shares on the date the Compensation Committee of the Board of Directors (“the Committee”) approves the awards. Stock option and RSU awards generally vest ratably, one third each year, over three years from the date of grant. Annual equity awards are contingent on and variable with your sustained performance and demonstrated leadership potential.

• Performance Share Unit (“PSUs”): Your annual grant target under the Company’s Performance Share Program (“PSP”) will increase from $1,300,000 to $3,000,000 or by $1,700,000. The target award value will be converted into PSUs based on the fair market value of Trane Technologies’ ordinary shares on the date the Committee approves the award. PSUs are based on performance over a three-year period and settled in ordinary shares of the Company. At this time, the actual

1 number of PSUs earned will be based on Trane Technologies’ Cash Flow Return on Invested Capital (“CROIC”) and Total Shareholder Return (“TSR”), both relative to the S&P 500 Industrials Index over the 2022 to 2024 performance period and can range from 0% to 200% of the target number of PSUs. PSP performance goals are subject to change for future performance periods at the discretion of the Committee.

When you consider each of the items above, your Total Annual Direct Compensation target has increased from $4,400,000 to $9,000,000 or by $4,600,000 (104.5%). Your revised annual compensation is summarized in the attached Compensation Adjustment Notice.

4. In addition to the increase to your annual Total Direct Compensation, you will be awarded a special one-time equity grant in the amount of $3,140,000 on July 1, 2021. This equity grant will be denominated as follows: $720,000 in RSUs, $720,000 in stock options, both vesting ratably over 3 years, and $1,700,000 in PSUs aligned with the 2021-2023 performance cycle. The actual number of RSU, stock options and PSUs awarded will be determined using the FMV on the grant date.

5. Your minimum level of required share ownership will increase from 30,000 to 75,000 ordinary shares of the Company. You must achieve this increased ownership requirement within a five-year period from the Effective Date of this promotion.

6. You will be provided with an updated Change in Control Agreement ("CIC Agreement"), which provides economic security in the form of cash payments to the participant and enhanced coverage under certain benefit plans in the event of job loss caused by the sale of all or a substantial part of the Company. Your severance payment under a Change in Control (as defined in the CIC Agreement) will increase to 3 times your base salary plus your AIM. The actual agreement will be sent to you shortly after the effective date of your promotion.

7. In the event your employment with the Company were to involuntarily terminate (other than for cause or Change in Control), you would be eligible to receive a severance payment equal to two times the sum of your current annual base salary plus a prorated AIM award for the current year based on days worked and determined on full year performance results (paid in February of the following year according to the terms of plan). This severance payment is subject to signing a release in the form acceptable to the Company.

8. For security and safety reasons, you are required to use company-provided aircraft for both business and personal reasons. The Company will pay up to $150,000 annually for personal use of the company-provided aircraft, based on any incremental cost realized by the Company as determined under Security and Exchange Commission (“SEC”) rules. Furthermore, you will not be grossed-up for any personal individual income tax incurred when company provided aircraft is used for personal business. Lastly, family members can accompany you on personal/business trips; however, they may not use the company provided aircraft if you are not accompanying them.

2 9. You will continue to be eligible to participate in the following programs: a. Key Management Plan (“KMP”) b. Executive Deferred Compensation Plan c. Executive Health Program d. Executive Long Term Disability (“LTD”) Plan e. Financial Counseling Program f. All employee benefit programs offered to Trane Technologies US based salaried employees in accordance with the terms and conditions of these programs

Dave, we believe that you are ideally suited to be the Company’s next President and Chief Executive Officer. To accept this offer, please sign the acceptance statement below and the attached Non-Competition Agreement and Proprietary Agreement and return them to Lynn Castrataro, Vice President, Total Rewards. If you have any questions regarding the changes in your compensation or your benefits, please call Lynn at [Phone Number Redacted].

Sincerely,

/s/ Michael W. Lamach Michael W. Lamach Executive Chair of the Board cc: Marcia Avedon Lynn Castrataro

Incl: Non-Competition Agreement Proprietary Agreement

ACCEPTANCE I accept your offer of employment with Trane Technologies as President and Chief Executive Officer and agree to the conditions herein and in the offer letter.

/s/ David S. Regnery 6/3/2021 Mr. David S. Regnery Date

3 4 EMPLOYEE NON-COMPETITION AGREEMENT

This Employee Non-Competition Agreement (the “Agreement”) is made and entered into by and between the individual executing this Agreement below (“Employee”) and Trane Technologies (the “Company”; Employee and the Company are collectively referred to as the “Parties”). The Parties, intending legally to be bound, agree as follows:

1. Consideration. In exchange for Employee entering into this Agreement, the Company agrees to promote Employee and to raise Employee’s base salary. Employee agrees that Employee would not be eligible for this promotion or pay raise in the absence of this Agreement and that this Agreement is supported by good and valuable consideration.

2. Employment. Employee shall be employed by the Company on an at-will basis, such that Employee may resign at any time and the Company may terminate Employee’s employment at any time. The at-will nature of the employment relationship may be altered only be a written agreement executed by an authorized officer of the Company. The period that Employee is employed by the Company or its affiliates is referred to in this Agreement as the “Term”.

3. Non-Competition.

a. During the Restricted Period (as defined below), Employee shall not: (i) engage in Competitive Activity (as defined below) within the Prohibited Territory (as defined below); or (ii) assist any entity or person to engage in Competitive Activity within the Prohibited Territory. Notwithstanding the preceding, the passive ownership of less than 3% of the outstanding shares in a public company shall not by itself constitute a violation of this section.

b. The “Restricted Period” means: (i) the Term; and (ii) a period of 24 months following the last day of the Term.

c. “Competitive Activity” means competing against the Company by: (i) engaging in work for a competitor of the Company that is the same as or substantially similar to the work Employee performed on behalf of the Company at any time during the last 18 months of the Term; and/or (ii) engaging in an aspect of the Business (as defined below) that Employee was involved with on behalf of the Company at any time during the last 18 months of the Term.

d. The “Business” means: (i) the business engaged in by the Company as of Employee’s last day of employment with the Company; and (ii) the business of providing climate-focused innovations, and creating efficient and sustainable climate solutions for buildings, homes and transportation.

e. “Prohibited Territory” means: (i) each city and county (or equivalent local unit of government) that Employee assisted the Company to engage in its business within at any time during the last 18 months of Term; and (ii) Employee’s sales

1 territory or geographic area of responsibility at any time during the last 18 months of the Term.

4. Non-Interference.

a. During the Restricted Period, Employee shall not: (i) solicit, encourage, or cause any Restricted Customer (as defined below) to purchase any Competitive Products (as defined below); (ii) sell or provide any Competitive Products to any Restricted Customer; (iii) solicit, encourage, or cause any supplier of goods or services to the Company not to do business with or to reduce any part of its business with the Company; (iv) make any disparaging remarks about the Company or its business, services, products, or employees, whether in writing, verbally, or on any online forum, for a competitive purpose; or (v) assist, encourage or cause any person or entity to engage in any of the conduct prohibited by this Section.

b. “Restricted Customer” means: (i) any Company customer with whom Employee had business contact or communications at any time during the last 18 months of the Term; (ii) any Company customer for whom the Employee supervised or assisted with the Company’s dealings at any time during the last 18 months of the Term; and/or (iii) any Company customer about whom Employee received confidential information in the course of employment with the Company at any time during the last 18 months of the Term. “Restricted Customer” also includes any prospective Company customer: (x) with whom Employee had business contact or communications at any time during the last 18 months of the Term; and/or (y) for whom Employee was involved in preparing a Company’s proposal at any time during the last 18 months of the Term.

c. “Competitive Products” means: (i) any products or services that are competitive with the products or services offered by the Company at any time during the last 18 months of the Term; and/or (ii) any products or services that are competitive with the products or services offered by the Company with which Employee was involved at any time during the last 18 months of the Term.

5. Certain Affiliates. For purposes of the restrictions in Sections 3 (Non-Competition) and 4 (Non-Interference) (collectively, the “Covenants”), the “Company” shall mean: (a) the Company as defined in the preamble to this Agreement; and (b) any parent, subsidiary, affiliate or successor of the Company for or with whom Employee performed any services at any time during the last 18 months of the Term. Employee agrees that having the Covenants protect the business units with which Employee was involved during the last 18 months of the Term is fair and reasonable and necessary to protect the Company’s legitimate business interests.

6. Reasonableness. Employee has carefully read and considered the provisions of this Agreement and, having done so, agrees that the restrictions set forth herein are fair, reasonable, and necessary to protect the Company’s legitimate business interests, including its goodwill with its customers and employees and its confidential and trade secret information. In addition, Employee acknowledges and agrees that the foregoing

2 restrictions do not unreasonably restrict Employee with respect to earning a living should Employee’s employment with the Company end. As such, Employee agrees not to contest the validity or enforceability of this Agreement in any forum. Employee’s obligations in this Agreement shall survive Employee’s last day of employment with the Company and its affiliates and shall be in addition to any restrictions imposed upon Employee by statute, at common law, or other written agreements.

7. Breach. Employee agrees that Employee’s breach of any of the obligations in this Agreement would result in irreparable damage and continuing injury to the Company. Therefore, in the event of any breach or threatened breach of such covenants, the Company shall be entitled to an injunction from a court of competent jurisdiction enjoining Employee from committing any violation of those covenants, and Employee hereby consents to the issuance of such an injunction. Employee further agrees that the Company shall not be required to post a bond to obtain such an injunction. All remedies available to the Company by reason of a breach by Employee of the provisions of this Agreement are cumulative, none is exclusive, and all remedies may be exercised concurrently or consecutively at the Company’s option.

8. Assignment and Enforcement by Affiliates. This Agreement, being personal in nature to Employee, may not be assigned or delegated by Employee. The Company shall have the right to assign or transfer this Agreement to any affiliated entity or any successor to all or substantially all of its business or assets, and Employee irrevocably consents to any such assignment or transfer. As used in this Agreement, the “Company” shall include the Company as defined above and any affiliated entity or successor to which this Agreement is assigned or transferred. Employee also agrees that (i) Employee’s transfer to any affiliate of the Company or any change in position with the Company or its affiliates will not impair the enforceability of this Agreement in any respect and (ii) any affiliate of the Company to which Employee is transferred may enforce this Agreement in all respects.

9. Applicable Law. This Agreement shall be governed by and construed in accordance with the law of the State in which Employee last worked for the Company (the “Selected State”), without regard to any conflict-of-law rules, and the Parties agree that this Agreement was made in the Selected State. Employee irrevocably consents to service of process in any litigation related to this Agreement via nationally recognized overnight carrier to Employee’s last home address in the Company’s records, without limiting other service methods allowed by applicable law. Employee agrees that the terms in this Section are material provisions of this Agreement, that the Company has a legitimate interest in the application of this Section, that this Section does not impose an undue hardship on Employee, and that Employee is voluntarily and knowingly agreeing to the terms in this Section.

10.Judicial Modification. If a court of competent jurisdiction or an arbitration panel to which a dispute is submitted determines that any provision of this Agreement is invalid then the Parties request that such court or panel modify such provision by “blue-penciling” or otherwise in order to render such provision not invalid and then enforce the provision as modified. The Parties further agree that each provision of this Agreement is severable from each other provision of this Agreement.

3 11.Miscellaneous. No modification, termination, or attempted waiver of any of the provisions of this Agreement shall be binding upon the Company unless reduced to writing and signed by a duly authorized Company official. This Agreement shall be construed according to a plain reading of its terms and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision in this Agreement.

12.Entire Agreement. This Agreement constitutes the entire agreement among the Parties pertaining to the subject matter contained herein and supersedes any and all prior and contemporaneous agreements, representations and understandings of the Parties related to the subject matter contained herein, provided that it does not supersede any obligations of Employee to the Company or its affiliates under other written agreements.

IN WITNESS WHEREOF, the undersigned hereto set their hands and seals as of the dates set forth below.

Employee:

Date: __6/3/2021______Signature _/s/ David S. Regnery______Printed Name _David S. Regnery______

The Company:

Date: _6/3/2021 ______By: /s/ Michael W. Lamach

Michael W. Lamach Executive Chair of the Board

4 Employee Proprietary Rights and Confidentiality Agreement

In consideration of Trane Technologies, its affiliates, subsidiaries, successors and assigns (the "Company") employing and/or promoting me, providing training, and for other good and valuable consideration including a portion of my compensation, I agree as follows:

1. Assignment of Invention. To promptly disclose, and I do hereby assign and agree to assign to the Company, or its designee, as its exclusive property, all inventions, works of authorship, copyrights, discoveries, information and technical or business innovations developed, made or conceived by me solely or jointly with others, whether or not during normal working hours, (a) during the period of such employment, if such inventions, works of authorship, copyrights, discoveries, information and technical or business innovations are related either directly to the business of the Company or to the demonstrably anticipated research or development work of the Company, or (b) with the use of the equipment, supplies, facilities or confidential information of the Company, or (c) within one year after termination of such employment if conceived as a direct result of and attributable to work done during such employment and related to the business of the Company and to my employment.

2. Work Made for Hire. That any work product amounting to an original work of authorship made by me (solely or jointly with others) within the scope of and during the period of my employment with the Company which qualifies for consideration as a “work made for hire” under the copyright laws is a “work made for hire,” as that term is defined in the United States Copyright Act and ownership of such work immediately vests with the Company.

3. Assistance; Power of Attorney. To execute all necessary documents and otherwise provide proper assistance (at the Company’s expense) during and subsequent to my employment, to enable the Company to obtain for itself or its nominees, patents, copyrights, trade secrets, or other legal protection for such inventions, works of authorship, copyrights, discoveries, information and technical or business innovations in any and all countries. I grant to the Company power of attorney to execute and deliver any such documents on my behalf in my name and to do all other lawfully permitted acts to transfer the inventions, works of authorship, copyrights, discoveries, information and technical or business innovations to the Company and further the transfer, issuance, prosecution, and maintenance of all intellectual property rights therein, to the full extent permitted by law, if I do not promptly cooperate with the Company’s request (without limiting the rights the Company shall have in such circumstances by operation of law). The power of attorney is coupled with an interest and shall not be impacted by my subsequent incapacity.

4. Commercialization. That the decision whether or not to commercialize or market any inventions, works of authorship, copyrights, discoveries, information and technical or

1 business innovations is within the Company’s sole discretion and for the Company’s sole benefit, and I shall not file any patent, copyright or trademark application relating to any such inventions, works of authorship, copyrights, discoveries, information and technical or business innovations except with the prior written consent of an authorized representative of the Company.

5. Pre-Existing Intellectual Property. I agree to report via email to [email protected] all patents, works of authorship, copyrights, inventions, applications and registrations owned by me that I created or invented prior to my employment by the Company and that relate in any way to the business or contemplated business, products, activities, research or development of the Company. If I do not report such pre-existing intellectual property to Company, I hereby represent and warrant that I do not own such rights. To the extent that I incorporate any intellectual property rights that I own into any of my work product for Company, I hereby irrevocably grant to the Company a royalty-free, fully paid-up, perpetual, transferable, worldwide non-exclusive license (with the right to sublicense) to make, have made, copy, modify, make derivative works of, use, offer to sell, sell, import and otherwise distribute such intellectual property rights as part of or in connection with such work product, and to practice any method related thereto. I shall not incorporate any intellectual property rights that are owned by a third party, including any former employer, into any of my work product without obtaining the prior written consent of the Company.

6. Notice of Inapplicability to Certain Employee Inventions. No provision is this Agreement is intended to require assignment of any of my rights in an invention created during my employment by the Company for which no equipment, supplies, facility, intellectual property or confidential information of the Company was used and which was developed entirely on my own time, and (1) which does not relate (a) to the business or contemplated business, products, or activities of the Company or (b) to the Company’s actual or demonstrably anticipated research or development, or (2) which does not result from any work performed by me for the Company. It is my responsibility to contact the Company’s Legal Department ([email protected]) to confirm that this Agreement does not apply to a specific invention prior to protecting such invention.

7. Confidential Information. In the course of my employment with the Company, I will have access to and learn about confidential, secret and proprietary information of the Company including some of the most intimate knowledge of the Company, its products and its people that I understand the Company needs to protect from unauthorized use and/or disclosure. Accordingly, any and all information concerning the Company, its products and processes, its customers, and its prospective customers which I receive, acquire or learn during my employment which is not known to the general public shall be deemed confidential information. Such information shall include, but not be limited to, the business, methods of doing business, design, testing and manufacturing processes, strategic plans, product development and designs, passwords and access control,

2 customers, prospective customers (or their methods of doing business), financial, technical, trade secret, economic, sales and/or other types of proprietary business information of the Company, in whatever form, whether oral, written or electronic (collectively the “confidential information”). I understand that the above list is not exhaustive, and that confidential information includes other information that is marked or otherwise identified as confidential or proprietary, or that would otherwise appear to a reasonable person to be confidential or proprietary in the context and circumstance in which the information is known or used. I agree to treat all confidential information as strictly confidential and I shall not during or after my employment disclose or use any such confidential information other than as authorized for the benefit of the Company during the performance of my responsibilities for the Company.

Notice of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016. Notwithstanding any other provision of this Agreement, I understand that I will not be held criminally or civilly liable under any federal or state trade secret law for any disclosure of a trade secret that is made: (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney and solely for the purpose of reporting or investigating a suspected violation of law; or (2) in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If I file a lawsuit for retaliation by the Company for reporting a suspected violation of law, I may disclose the Company’s trade secrets to my attorney and use the trade secret information in the court proceeding if I (1) file any document containing the trade secret under seal; and (2) do not disclose the trade secret, except pursuant to court order.

8. Company Property and Material. To not remove from the Company offices any of the Company's or its customers' records, documents, files, correspondence, reports, memoranda or other materials or property of any kind except as necessary to the performance of my responsibilities. In the event of any such removal, I shall return all such materials to their appropriate place as soon as possible following their removal. I shall not make, retain or distribute any copies of any such material for any reason except as authorized and necessary for the performance of my responsibilities. I shall not divulge to any third party the nature or contents of any such material or of any information to which I may have access or which for any reason I may become familiar, or allow any third party to use, except as such disclosure or use shall be necessary in the performance of my responsibilities. To return to the Company, on the termination of my employment, all items which belong to the Company or which by their nature are for the use of Company employees only, including, without limitation, all equipment and all written, electronic and other materials which are of a secret, proprietary or confidential nature relating to the business of the Company or its affiliates and/or its clients or customers.

9. Prior Employment. To respect any and all valid obligations which I may now have to prior employers or to others relating to confidential information, inventions, or

3 discoveries which are the property of those prior employers or others as the case may be, and to promptly supply to the Company a copy of each written agreement setting forth any such obligation, if allowed by the agreement, or otherwise to disclose such obligations to the Company.

10. Covenant Not To Induce Other Employees to Leave. For a period of 24 months following the end of my employment (for any reason), I agree not to directly or indirectly recruit, or attempt to recruit, or hire, any employee(s), sales representative(s), agent(s) or consultant(s) of the Company and further agree not to induce them in any way to terminate their employment, representation or other association with the Company without the prior written consent of the Company.

11. Non-Disparagement. From the time of my departure from the Company and in perpetuity, I further agree not to make any statement or criticism that could reasonably be deemed to be adverse to the interests of the Company or its current or former officers, directors, or employees. Without limiting the generality of the foregoing, this includes any disparaging statements concerning, or criticisms of, the Company and its current or former directors, officers or, employees, made in public forums or to the Company’s investors, external analysts, customers and service providers.

12. Transfer. That should I be transferred to an entity that is affiliated with the Company, this Agreement shall continue in full force and effect.

13. Binding Obligations. That my obligations in this Agreement shall be binding on my assigns, heirs, executors and other legal representatives.

14. Severability. That the provisions of this Agreement are severable and if any provision is invalid or unenforceable it shall not affect the validity of any other provision.

15. Other Agreements. That this Agreement shall be in addition to and not in limitation of any rights of the Company or other agreements with the Company.

I agree that any violation of these commitments will be a material breach by me of this Agreement. I agree that I will be liable for damages (both compensatory and punitive) incurred by the Company as a result of the breach of any of the paragraphs above. I agree that damages may be an inadequate remedy for breaches of this Agreement and in addition to damages and any other available relief, a court shall be empowered to grant injunctive relief. This Agreement shall be in addition to and not in limitation of any rights of the Company or other agreements with the Company. I agree my obligations hereunder shall remain in effect throughout my employment by the Company unaffected by any transfer between the Company and an affiliated company or between subsidiaries. I agree that the restrictions set forth in this Agreement are essential to the Company's business and any violation of these restrictions will irreparably damage the Company. Consequently, I agree that, in addition to all of the rights and remedies the Company

4 shall have, the Company shall have the right to obtain an injunction from any court of competent jurisdiction, without posting a bond, enjoining the breach of any of the restrictions set forth in this Agreement. The invalidity or unenforceability of any provisions of this Agreement as applied to a particular occurrence or circumstance or otherwise shall not affect the validity and enforceability or applicability of any other provision of this Agreement. In the event that a court determines that the restrictions above are unreasonable as to length, duration, or content, I agree that such court shall modify these provisions to the extent necessary to be enforceable to the maximum extent permitted by law.

Agreed and Accepted:

Signature: _/s/ David S. Regnery______

Print Name:_David S. Regnery______

Date:_6/3/2021______

5 Exhibit 10.2

[Trane Technologies Letterhead]

June 3, 2020

Mr. Michael W. Lamach [Address Redacted]

Dear Mike:

On behalf of the entire Board, I wanted to thank you for agreeing to become the Executive Chair of the Board of Trane Technologies (“the Company”) in order to ensure a smooth transition of the Chief Executive Officer role. This role will be located in Davidson, North Carolina and becomes effective as of July 1, 2021.

The following summarizes the impact of this change on your compensation and benefits.

1. Your current base salary will remain unchanged at an annual rate of $1,410,000 (One Million and Four Hundred and Ten Thousand U.S. dollars) paid in pro-rata payments on a monthly basis.

2. Your Annual Incentive Matrix (“AIM”) target opportunity will remain unchanged at 170% of your base salary. The actual award that you may receive can range from 0% to 200% of the targeted amount depending upon your performance and the performance of the Company.

3. Given the importance of succession, your expected tenure as Executive Chair, and to ensure your pension benefit will not be negatively impacted, the Company will set the interest rate used for the calculation of your benefit under the Executive Officer Supplemental Program (“EOSP”) according to the terms of the plan as of July 1, 2021. The interest rate will be equal to the average of the monthly rates for ten-year Constant Maturities for US Treasury Securities for the twelve-month period ending in June 2021, as quoted by the Federal Reserve. This protection will remain in effect until the earlier of your retirement date or July 1, 2022.

4. All other benefits and perquisites to which you are currently eligible will remain in effect until your retirement date.

Mike, thank you for your extraordinary leadership of the Company and for ensuring a smooth transition to your successor. To accept these terms, please sign the acceptance statement below and return it to Lynn Castrataro, Vice President, Total Rewards. If you have any questions regarding the impact on your benefits, please call Lynn at [Phone Number Redacted].

Sincerely,

/s/ Tony White

Tony White Board of Directors Compensation Committee Chair cc: Marcia Avedon Lynn Castrataro CANDIDATE ACCEPTANCE

I accept your offer of employment with Trane Technologies as Executive Chair of the Board and agree to the conditions herein and in the offer letter. /s/ Michael W. Lamach 6/3/2021 Mr. Michael W. Lamach Date

Exhibit 99.1

Trane Technologies Appoints Dave Regnery as Chief Executive Officer; Mike Lamach to Serve as Executive Chair Through Transition

SWORDS, Ireland, June 4, 2021 — Trane Technologies (NYSE: TT), a global climate innovator, today announced that Dave Regnery, current president and chief operating officer, has been named chief executive officer and will join the Board of Directors. He succeeds Mike Lamach, who will serve as executive chair of the Board until his planned retirement from the company sometime in the first half of 2022. These changes are effective July 1, 2021.

“Dave Regnery is the clear choice to lead Trane Technologies into the future, consistent with our comprehensive succession plan,” said Lamach. “Dave has worked alongside me to shape nearly every aspect of our global business – from our business operating system, to our sustainability and innovation leadership, to the development of our culture of inclusion and engagement, which has led to a deep pool of leadership talent. Dave was the co-architect of our transformation as a focused climate innovator. He is an exceptional leader with a deep understanding of our industry, the sustainability megatrends affecting our businesses, our customers’ needs, and how to create value for our stakeholders. I have complete confidence in Dave as he becomes CEO and leads Trane Technologies forward.”

As president and chief operating officer, Regnery has had direct responsibility for the company’s three regional reporting segments and full portfolio of businesses and brands, including Trane® and Thermo King.® He also has had oversight of the company’s global business operations, including supply chain, engineering and information technology. Regnery has worked closely with Lamach to evolve and sharpen the company’s strategy as an industry leader in climate solutions with a singular purpose – to boldly challenge what’s possible for a sustainable world.

Regnery has been with Trane Technologies for his entire career, beginning in the company’s financial leadership development program, then progressing through financial and commercial leadership and general management roles. Throughout his tenure, Regnery has successfully led all of the company’s businesses around the world, including the Commercial HVAC, Residential HVAC and Transport Refrigeration businesses, and taken them to new heights. Under his leadership, the company launched its successful EcoWise™ portfolio of products, designed to lower environmental impact through high efficiency operation and low global warming potential refrigerants. He has been instrumental in growing the company’s portfolio of comprehensive building solutions including energy services, controls and digital offerings.

“I’m honored to serve as CEO for Trane Technologies, as we continue to push the boundaries on climate innovation,” said Regnery. “We have the best team, strong customer relationships, and a passion to innovate, grow and create value for all our stakeholders – our team members, customers, communities and shareholders.”

Lamach, who was named CEO in February 2010 and elected chair of the Board of Directors in June 2010, will become executive chair. In this role, Lamach will continue to chair the Board and work closely with Gary Forsee, incoming lead independent director, on governance matters, and with Regnery on the company’s long-term strategic plans, until his retirement sometime in the first half of 2022.

Under Lamach’s leadership, Trane Technologies has transformed from a diversified industrial manufacturing company, formerly Ingersoll Rand, to an industry-leading climate innovator with consistent top tier financial and environmental, social and governance (ESG) performance. Since joining the company in 2004, Lamach led the creation of the company’s proprietary

1 business operating system and its successful deployment of lean, which has resulted in a strong operating company, robust innovation and consistent business results. Lamach’s purpose-driven approach has built a widely recognized culture of inclusion and high engagement, with a shared purpose centered on sustainability.

Lamach has led multiple strategic evolutions, including the spin-off of the company’s security technologies business and the creation of Allegion in December 2013. Most recently, Lamach orchestrated the highly successful separation of the company’s industrial businesses and combination with Gardner Denver through a Reverse Morris Trust transaction, which in March of 2020 culminated in the launch of the remaining company, Trane Technologies plc, as a purpose-driven climate innovator. The company’s total shareholder return1 since Lamach became CEO in February 2010 is 744%, nearly twice the total shareholder return of the S&P 500.

In 2019, Lamach was named one of Harvard Business Review’s top performing CEOs and listed by Forbes among America’s 100 Most Innovative Leaders. He is a leader in the manufacturing sector and has served as chair of the National Association of Manufacturers since June 2019. Lamach also serves on the Board of Directors of PPG Industries.

“The execution of our succession plan will ensure a smooth transition, continuity of leadership and a continued focus on delivering sustainable, top tier financial performance,” said Dick Swift, retiring lead director for Trane Technologies, and former chair, president and CEO for Foster Wheeler Ltd. “On behalf of the Board of Directors, we are grateful to Mike for his outstanding leadership, which has led to substantial increases in the company’s market capitalization, shareholder value and ESG performance.

Looking ahead, Trane Technologies and its stakeholders will benefit from the experience of two extremely strong leaders – Mike, in his role as executive chair and Dave as CEO. Dave is the right choice to lead the company into its next chapter given his proven track record, strong vision, and unwavering commitment to advance the company’s growth, performance and long-term value.”

# # #

About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com.

1Total shareholder return since February 2, 2010 includes pro rata value of shares received from Allegion spin-off and industrial Reverse Morris Trust transaction.

2 Exhibit 99.2

Trane Technologies Board of Directors Appoints Gary Forsee as Lead Independent Director; Dick Swift Retires After 26 Years of Board Service

SWORDS, Ireland, June 4, 2021 — Trane Technologies (NYSE: TT), a global climate innovator, today announced that its Board of Directors has appointed Gary Forsee, retired chair and CEO of Sprint Nextel Corporation and former president of the University of Missouri System, as lead independent director, effective immediately.

“As lead independent director, Gary will offer strategic insights, guidance and expertise on governance matters as we create long-term value for all our stakeholders,” said Mike Lamach, chair and CEO, Trane Technologies. “Given his long tenure on the Board, Gary has a strong understanding of our businesses and end markets. In addition to his deep business and financial acumen, he brings unique experience and insights on talent management, technology and innovation and strategic change. I look forward to working with him in this new capacity.”

Forsee joined the Trane Technologies Board of Directors in 2007. He currently serves on the Board’s Compensation Committee, Technology and Innovation Committee and Executive Committee, and since 2008 has chaired the Corporate Governance and Nominating Committee. Forsee will continue to chair this committee, recently rechartered as the Sustainability, Corporate Governance and Nominating Committee, in addition to his role as lead independent director.

Forsee succeeds Dick Swift, retired chairman, president and CEO for Foster Wheeler Ltd. and former chairman of the Financial Accounting Standards Advisory Council. Swift has served as lead independent director since January 2010 and is retiring after 26 years of dedicated service on the company’s Board of Directors.

Swift has served on the Board’s Audit Committee since first joining the Board in 1995, chairing the committee from 1996 – 2015. In addition to his role as lead director, he has most recently served on the Audit Committee, the Finance Committee, the Technology and Innovation Committee and the Executive Committee. Swift also has served on the boards of CVS Health Corporation and Public Service Enterprise Group, and in 2018 was honored as an Outstanding Director by Financial Times-ODX.

“Dick has been a tremendous asset to our Board of Directors and to me, personally,” said Lamach. “He has provided sound counsel to our Board and to company leadership. His leadership of an organization that was instrumental in some of the world’s most significant engineering projects enabled him to contribute to our business growth and operational strategies in a distinct and meaningful way. On behalf of our Board of Directors, I want to sincerely thank Dick for his expertise, guidance, and substantial contributions over time to our company’s differentiated and long-term value to stakeholders.”

Separately, Trane Technologies today announced that Dave Regnery has been appointed chief executive officer, succeeding Mike Lamach, who was named executive chair of the Board of Directors until his retirement sometime in the first half of 2022. These changes are effective July 1.