Management ChangeJun 10, 2026, 06:21 AM
Trane Technologies Appoints Donald Simmons COO; Sets Compensation
AI Summary
Trane Technologies plc announced the appointment of Donald E. Simmons, age 55, as Executive Vice President and Chief Operating Officer, effective July 1, 2026. Mr. Simmons, a 25-year company veteran, previously served as Group President, Americas. His new compensation package includes a base salary of $950,000, an annual incentive target of 100%, and an annual equity award target of $4,300,000, along with a one-time equity grant of $800,000.
Key Highlights
- Donald E. Simmons appointed Executive Vice President and COO, effective July 1, 2026.
- Mr. Simmons previously served as Group President, Americas since January 2024.
- New base salary set at $950,000.
- Annual Incentive Matrix Program target is 100%.
- Annual equity award target opportunity is $4,300,000.
- One-time equity grant includes $400,000 in Restricted Stock Units.
- One-time equity grant includes $400,000 in stock options.
Price Impact
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