Michael W. Lamach is the CEO of Trane Technologies plc, a company known for its energy-efficient solutions in heating, ventilation, and air conditioning. He rose through the ranks from Senior Vice President at Ingersoll Rand to become CEO in 2021,...

Number of Employees

18K

Year

2021

Total Compensation

$3.91M

Salary

$1.00M

Board Justification

The compensation philosophy focuses on aligning executive compensation with company performance and shareholder interests, with a significant portion of pay being performance-based.

Bonus

$2.73M

Board Justification

Annual cash bonus based on performance metrics including Adjusted EBITDA and Net Operating Working Capital, with a target bonus opportunity of 150% of base salary.

Other

$183.52K

Board Justification

Other compensation includes matching contributions to retirement plans, life insurance premiums, and tax preparation services.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2021 as the focus is on performance-based compensation.

Performance Metrics

Performance metrics included Adjusted EBITDA and Net Operating Working Capital as a percentage of revenue.

SEC Filing

From April 29, 2022