Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons

TORM (NASDAQ: TRMD, TRMD A) reported insider transactions by CEO and executive director Jacob Balslev Meldgaard.

Rhea-AI Summary

TORM (NASDAQ: TRMD, TRMD A) reported insider transactions by CEO and executive director Jacob Balslev Meldgaard. He exercised 170,133 restricted share units in TORM shares (ISIN: GB00BZ3CNK81) on 20 May 2026 for DKK 23,495,361 outside a trading venue.

Meldgaard also sold an aggregated 549,177 shares on Nasdaq Copenhagen on 18 and 20 May 2026 at prices around DKK 205–207 per share, for total proceeds of DKK 112,829,967.

Argus May 21 session

-0.64% close to close Open Argus

Details

News Market Reaction – TRMD

On May 21, the day this news came out, TRMD closed 0.64% below the previous close.

Data tracked by StockTitan Argus for the May 21 session.

Market Context

This announcement reports CEO transactions involving the exercise of Restricted Share Units and subs...

Analysis

This announcement reports CEO transactions involving the exercise of Restricted Share Units and subsequent open-market sales totaling 549,177 shares, following a period of frequent RSU-driven capital increases. It adds detail to insider activity already reflected in recent Form 4 filings. Investors may track how such compensation and sale patterns interact with TORM’s previously reported strong Q1 2026 earnings, upgraded guidance, and ongoing dividend and buyback framework.

Key Figures

RSU exercise volumes: 85,067 shares at DKK 131.8; 85,067 shares at DKK 144.4 RSU exercise aggregate: 170,133 shares; DKK 23,495,361 Sale price (a): DKK 206.20 per share +5 more

RSU exercise volumes

85,067 shares at DKK 131.8; 85,067 shares at DKK 144.4

CEO RSU exercises on 20 May 2026

RSU exercise aggregate

170,133 shares; DKK 23,495,361

Aggregated RSU exercise information

Sale price (a)

DKK 206.20 per share

30,603 shares sold on 18 May 2026

Sale price (b)

DKK 205.16 per share

348,441 shares sold on 18 May 2026

Sale price (c)

DKK 207.57 per share

170,133 shares sold on 20 May 2026

Sale volumes

30,603 (a); 348,441 (b); 170,133 (c) shares

CEO share sales on 18 and 20 May 2026

Total shares sold

549,177 shares

Aggregated CEO sale volume

Sale aggregate value

DKK 112,829,967

Aggregated consideration for share sales

Historical Context

5 past events · Latest: May 20

5 events

1. May 20

   RSU capital increase

   24h Move

   +3.2%

   New A-shares issued from RSU exercises, modest capital increase under incentive plan.

2. May 13

   Earnings & dividend

   24h Move

   -5.6%

   Strong Q1 2026 results, interim dividend, upgraded full-year TCE and EBITDA guidance.

3. Apr 15

   AGM results

   24h Move

   +2.6%

   AGM approved reports, auditor, director elections, and buyback authorities on a poll.

4. Mar 31

   RSU capital increase

   24h Move

   +1.9%

   Share capital increased via RSU exercises, new A-shares admitted to trading.

5. Mar 24

   RSU capital increase

   24h Move

   +5.7%

   Exercise of RSUs added new A-shares subscribed in cash under incentive program.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

restricted share units, lei code, forward-looking statements, safe harbor

4 terms

restricted share units financial

"Nature of the transaction | Exercise of restricted share units"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

lei code regulatory

"Details of the issuer Name | TORM plc LEI code | 213800VL1H1ABVM1ZF63"

A LEI code is a 20-character, globally recognized identifier assigned to companies and other legal entities that take part in financial transactions; think of it as a corporate passport or social-security number for businesses. Investors and regulators use LEIs to unambiguously identify who is on each side of trades, improve transparency, meet reporting requirements, and assess counterparty and market risk, so an entity’s LEI affects compliance, trade processing and how easily its filings can be interpreted.

forward-looking statements regulatory

"Matters discussed in this release may constitute forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

safe harbor regulatory

"The Company desires to take advantage of the safe harbor provisions"

Safe harbor is a rule that protects companies or individuals from legal trouble if they follow certain guidelines or procedures. It’s like having a safety net that allows them to act without fear of punishment, as long as they stick to the rules. This helps encourage honest behavior and clear standards in financial and legal activities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HELLERUP, Denmark, May 21, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD A) has been notified of the following transaction in TORM plc securities:

Details of the reporting person / closely associated person
Name	Jacob Balslev Meldgaard
Reason for the notification
Position/status	CEO/Executive Director
Initial notification/Amendment	Initial notification
Details of the issuer
Name	TORM plc
LEI code	213800VL1H1ABVM1ZF63
Details of the transaction(s)
Description of the financial instrument Identification code	Shares (ISIN: GB00BZ3CNK81)
Nature of the transaction	Exercise of restricted share units
Price(s) and volume(s)	Price(s)	Volume(s)
	DKK 131.8/share DKK 144.4/share	85,067 85,067
Aggregated information - Volume - Price	170,133 shares DKK 23,495,361
Date of the transaction	20 May 2026
Place of the transaction	Outside a trading venue

Details of the reporting person / closely associated person
Name	Jacob Balslev Meldgaard
Reason for the notification
Position/status	CEO/Executive Director
Initial notification/Amendment	Initial notification
Details of the issuer
Name	TORM plc
LEI code	213800VL1H1ABVM1ZF63
Details of the transaction(s)
Description of the financial instrument Identification code	Shares (ISIN: GB00BZ3CNK81)
Nature of the transaction	Sale
Price(s) and volume(s)	Price(s)	Volume(s)
	DKK 206.20/share DKK 205.16/share DKK 207,57/share	30,603 (a) 348,441 (b) 170,133 (c)
Aggregated information - Volume - Price	549,177 shares DKK 112,829,967
Date of the transaction	(a)  18 May 2026 (b)  18 May 2026 (c)  20 May 2026
Place of the transaction	Nasdaq Copenhagen

Contact
Mikael Bo Larsen, Head of Investor Relations 
Tel.: +45 5143 8002

About TORM

TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information, please visit www.torm.com.

Safe Harbor Statement as to the Future

Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.

The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels comparable to ours and the number of new buildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries;  effects of new products and new technology in our industry;  new environmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and the different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the length and number of off-hire periods and dependence on third-party managers.

In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.

Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/torm-plc/r/report-on-transactions-in-torm-plc-securities-by-directors-and-executive-officers-and-their-closely-,c4351403

The following files are available for download:

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14-2026 - Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons

 

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SOURCE Torm PLC

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider share transactions did TORM (NASDAQ: TRMD) report on May 21, 2026?

TORM reported that CEO Jacob Balslev Meldgaard exercised restricted share units and sold shares. According to TORM, he exercised 170,133 RSUs on 20 May 2026 and sold a total of 549,177 TORM shares on Nasdaq Copenhagen on 18 and 20 May 2026.

How many TORM (TRMD) shares did the CEO exercise and at what value in May 2026?

The CEO exercised 170,133 TORM shares from restricted share units. According to TORM, the aggregated exercise value was DKK 23,495,361, with exercise prices of DKK 131.8 and DKK 144.4 per share, and the transaction occurred on 20 May 2026 outside a trading venue.

How many TORM (TRMD A) shares did the CEO sell and at what prices in May 2026?

The CEO sold a combined 549,177 TORM shares on Nasdaq Copenhagen. According to TORM, the sale volumes were 30,603, 348,441 and 170,133 shares at prices of DKK 206.20, DKK 205.16 and DKK 207.57 per share on 18 and 20 May 2026.

On which dates did TORM’s CEO trade TRMD shares reported in the May 21, 2026 notice?

The reported trades occurred on 18 and 20 May 2026. According to TORM, share sales took place on 18 and 20 May 2026 on Nasdaq Copenhagen, while the exercise of 170,133 restricted share units occurred on 20 May 2026 outside a trading venue.

What is the total DKK value of TORM (TRMD) shares sold by the CEO in May 2026?

The total value of shares sold was DKK 112,829,967. According to TORM, this aggregate amount reflects the sale of 549,177 TORM shares on Nasdaq Copenhagen at prices around DKK 205–207 per share on 18 and 20 May 2026.

Where were the TORM (TRMD A) CEO share transactions executed in May 2026?

The exercise of restricted share units occurred outside a trading venue, while share sales took place on Nasdaq Copenhagen. According to TORM, RSUs were exercised on 20 May 2026, and the 549,177 shares were sold on Nasdaq Copenhagen on 18 and 20 May 2026.