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,...

Current Market Cap

$39.56B

Number of Employees

18K

Total Compensation

2017 - 2021

Trending down by -35.44% last year
Showing total compensation for the last 2017 - 2021

Stock

Down by -100.00% last year

Salary

Up by 0.00% last year

Bonus

Up by 82.00% last year

Other

Down by -67.33% last year

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