8-KOther EventsExhibits & Filings

Trane Technologies plc 8-K Report, Temporary Suspension of Trading Under Employee Benefit Plans (Dec 12, 2019)

Filed December 12, 2019For Securities:TT

Summary

Trane Technologies plc (TT) filed an 8-K on December 12, 2019, to announce a temporary suspension of trading under its employee benefit plans, commonly referred to as a "blackout period." This suspension is necessary to facilitate a conversion of certain plans from a unitized stock fund to a real-time traded fund. The blackout period is scheduled to commence at the close of market on January 16, 2020, and is expected to conclude around January 23, 2020. During this period, participants in affected plans will be restricted from making exchanges, obtaining loans, or receiving distributions involving assets invested in the Ingersoll-Rand Unitized Stock Fund. This action is being taken in compliance with Section 306 of the Sarbanes-Oxley Act of 2002 and Regulation BTR, which impose restrictions on executive officers and directors trading company stock during such blackout periods.

Key Highlights

  • 1Announcement of a temporary trading suspension (blackout period) for certain employee benefit plans.
  • 2The blackout period is scheduled from January 16, 2020, to approximately January 23, 2020.
  • 3The suspension is linked to the conversion of employee benefit plans from a unitized stock fund to a real-time traded fund.
  • 4Participants will be unable to make exchanges, loans, or distributions involving the Ingersoll-Rand Unitized Stock Fund during the blackout.
  • 5This measure complies with Section 306 of the Sarbanes-Oxley Act and Regulation BTR.
  • 6Restrictions apply to directors, executive officers, and other participants in the affected plans.
  • 7Contact information is provided for inquiries regarding the blackout period.

Frequently Asked Questions

The primary reason for this filing is to inform stakeholders, particularly directors and executive officers, about a temporary trading suspension (blackout period) in the company's employee benefit plans. This is necessary to facilitate a technical conversion of the investment options within these plans from a unitized stock fund to a real-time traded fund.

The blackout period affects participants in specific employee benefit plans, including the Ingersoll-Rand Company Employee Savings Plan, the Ingersoll-Rand Company Employee Savings Plan for Bargained Employees, and others listed in the filing. Importantly, directors and executive officers subject to Section 16 of the Securities Exchange Act of 1934 are specifically notified due to trading restrictions imposed on them during such periods.

During the blackout period, participants in the affected plans will be unable to request exchanges between investment funds, obtain loans from their plan accounts, or receive distributions that involve plan assets invested in the Ingersoll-Rand Unitized Stock Fund.

The blackout period is set to begin at the close of market on January 16, 2020, and is expected to end on or around January 23, 2020.