TORM (Nasdaq: TRMD) details RSU share issue and CEO DKK 36M sale
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
TORM plc reports a small increase in share capital and a significant insider share sale. The company corrected prior information, confirming its share capital has risen by 106,468 Class A shares through the exercise of Restricted Stock Units, bringing the total to 102,037,109 A-shares of USD 0.01 each and total share capital of USD 1,020,371.09. The new shares were subscribed for cash, with 34,880 shares issued at DKK 131.80 per share and 71,588 shares at DKK 148.70, without pre-emption rights for existing shareholders. Separately, CEO and Executive Director Jacob Balslev Meldgaard sold 223,555 TORM shares on Nasdaq Copenhagen at DKK 163.46 per share, for an aggregate DKK 36,451,115.
Positive
- None.
Negative
- None.
Insights
TORM reports minimal RSU-driven dilution and a sizable CEO share sale.
TORM plc increased its share capital by 106,468 A-shares from RSU exercises, confirming a post-transaction total of 102,037,109 A-shares and share capital of USD 1,020,371.09. The new shares were issued for cash at DKK 131.80 and DKK 148.70 without pre-emption rights.
This equity issuance is very small relative to the total share count, so dilution appears limited based on the disclosed figures. The shares carry ordinary rights, including dividends and voting, and are expected to be admitted to trading on Nasdaq Copenhagen, integrating them into the existing float.
The filing also highlights that CEO Jacob Balslev Meldgaard sold 223,555 shares at DKK 163.46 per share, totaling DKK 36,451,115, on 12 March 2026 on Nasdaq Copenhagen. The filing does not state his resulting holdings, so the proportional significance of this sale cannot be assessed from this excerpt alone.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2026
Commission File Number 001-38294
TORM plc
4th Floor, 120 Cannon Street, London, EC4N 6AS, United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K as Exhibit
99.1 is a copy of the press release of TORM plc (the “Company”), dated March 17, 2026, announcing a correction to the press release, dated March 16, 2026, regarding the increase its share capital by 106,468 Class A common shares, par value
$0.01 per share, as a result of the exercise of a corresponding number of Restricted Stock Units, which correctly resulted in 102,037,109 Class A common shares outstanding.
Attached to this Report on Form 6-K as Exhibit
99.2, dated March 17, 2026, announcing the report of transactions in Company securities by directors and executive officers and their closely associated persons.
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company’s registration statement on Form F-3 (File No.
333-283943) that was filed with the U.S. Securities and Exchange Commission effective December 19, 2024.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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TORM PLC
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Dated: March 17, 2026
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By:
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/s/ Jacob Meldgaard
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Jacob Meldgaard
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Executive Director and Principal Executive Officer
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Exhibit 99.1
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COMPANY ANNOUNCEMENT
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Correction to Share Capital Information in Announcement of 16 March 2026
TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM’s incentive program
TORM plc has increased its share capital by 106,468 A-shares (corresponding to a nominal value of USD 1,064.68) as a result of the exercise of a corresponding number
of Restricted Share Units (“RSUs”). A total of 34,880 new shares are subscribed for in cash at DKK 131.80 per A-share, and 71,588 new shares are subscribed for in cash at DKK 148.70.
Transfer restrictions may apply in certain jurisdictions outside Denmark, including applicable US securities laws. The capital increase is carried out without any
pre-emption rights for existing shareholders or others.
The new shares (i) are ordinary shares without any special rights and are negotiable instruments, (ii) give
the right to dividends and other rights in relation to TORM as of the date of issuance and (iii) are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible.
After the capital increase, TORM’s share capital totals to USD 1,020,371.09 divided into 102,037,109 A-shares with a nominal value of USD 0.01 each. Each A-share
carries one vote.
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 newbuildings 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
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 07
16 MARCH 2026
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Page 1 / 2
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COMPANY ANNOUNCEMENT
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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.
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 07
16 MARCH 2026
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Page 2 / 2
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Exhibit 99.2
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COMPANY ANNOUNCEMENT
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Report of transactions in TORM plc securities by directors and executive officers and their closely associated
persons
TORM plc (Nasdaq: TRMD or TRMD A) has been notified of the following transaction in TORM plc securities:
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Details of the reporting person / closely associated person
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Name
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Jacob Balslev Meldgaard
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Reason for the notification
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Position/status
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CEO/Executive Director
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Initial notification/Amendment
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Initial notification
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Details of the issuer
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Name
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TORM plc
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LEI code
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213800VL1H1ABVM1ZF63
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Details of the transaction(s)
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Description of the financial instrument
Identification code
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Shares (ISIN: GB00BZ3CNK81)
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Nature of the transaction
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Sale
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Price(s) and volume(s)
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Price(s)
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Volume(s)
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DKK 163.46/share
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223,555
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Aggregated information
- Volume
- Price
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223,555 shares
DKK 36,451,115
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Date of the transaction
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12 March 2026
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Place of the transaction
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Nasdaq Copenhagen
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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.
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 08
17 march 2026
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Page 1 / 2
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COMPANY ANNOUNCEMENT
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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 newbuildings 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.
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 08
17 march 2026
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Page 2 / 2
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FAQ
Is TORM’s 6-K information linked to any existing U.S. registration statement?
The 6-K states that its information is incorporated by reference into TORM’s registration statement on Form F-3 (File No. 333-283943), which became effective on December 19, 2024, integrating these disclosures into that shelf registration.