TORM (Nasdaq: TRMD) CEO sells 549,177 shares after exercising RSUs
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
TORM plc reports a small capital increase and significant insider transactions. The company’s share capital rose by 215,635 Class A shares following the exercise of Restricted Share Units under its incentive program, with new shares subscribed at cash prices of DKK 0.07, DKK 131.80 and DKK 144.40 per share. After this increase, TORM’s share capital totals USD 1,023,389.74, divided into 102,338,974 A-shares of USD 0.01 each, with each share carrying one vote.
Separately, CEO and Executive Director Jacob Balslev Meldgaard exercised 170,133 restricted share units, with an aggregate transaction value of DKK 23,495,361, and sold 549,177 TORM shares on Nasdaq Copenhagen at prices of DKK 206.20, DKK 205.16 and DKK 207.57 per share, totaling DKK 112,829,967. The new shares are ordinary, without special rights, and are expected to be admitted to trading and listing on Nasdaq Copenhagen.
Positive
- None.
Negative
- None.
Insights
TORM executes RSU-driven capital increase alongside a sizable CEO share sale.
TORM increased its equity base by 215,635 A-shares through RSU exercises under its incentive program, bringing total share capital to USD 1,023,389.74 across 102,338,974 A-shares. This is a modest dilution and reflects stock-based compensation rather than a cash-raising primary offering.
The filing also details CEO Jacob Balslev Meldgaard’s activity: he exercised 170,133 restricted share units worth DKK 23,495,361 and sold 549,177 shares on Nasdaq Copenhagen for DKK 112,829,967 at prices around DKK 205–208. Without visibility into his total holdings, the sale’s proportional impact is unclear, but the absolute size is notable for governance-focused investors.
The new shares are ordinary, dividend-entitled and expected to list on Nasdaq Copenhagen, maintaining trading liquidity. Future filings that show Meldgaard’s remaining stake and any additional RSU grants will help clarify whether this pattern represents routine liquidity management or a meaningful shift in his equity exposure.
Key Figures
Capital increase shares: 215,635 shares
Total share capital: USD 1,023,389.74
Shares outstanding: 102,338,974 A-shares
+5 more
8 metrics
Capital increase shares
215,635 shares
New A-shares issued from RSU exercises
Total share capital
USD 1,023,389.74
After capital increase, nominal share capital
Shares outstanding
102,338,974 A-shares
Total A-shares of USD 0.01 each post-increase
CEO RSU exercise volume
170,133 shares
Restricted share units exercised 20 May 2026
CEO RSU exercise value
DKK 23,495,361
Aggregated value of RSU exercise
CEO share sale volume
549,177 shares
Total shares sold on Nasdaq Copenhagen
CEO share sale value
DKK 112,829,967
Aggregate sale proceeds at DKK 205.16–207.57
RSU subscription prices
DKK 0.07, 131.80, 144.40/share
Cash subscription prices for new RSU shares
Key Terms
Restricted Share Units, capital increase, aggregated information, forward-looking statements, +2 more
6 terms
capital increase financial
"TORM plc capital increase in connection with exercise of Restricted Share Units"
A capital increase is when a company raises new equity funding by issuing additional shares or otherwise expanding its ownership base. Investors watch these moves because they supply cash for growth, acquisitions or debt reduction, but they can also reduce each existing share’s ownership and claim on profits—like adding more slices to a pizza: the pie may grow, but each slice can become smaller unless overall value increases proportionally.
aggregated information financial
"Aggregated information - Volume - Price | 170,133 shares DKK 23,495,361"
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 Statement regulatory
"Safe Harbor Statement as to the Future Matters discussed in this release"
A safe harbor statement is a disclaimer that companies include in their public disclosures to limit legal liability if future results differ from what was forecasted or expected. It acts like a protective shield, helping companies avoid lawsuits if their predictions don’t come true, and gives investors a clearer understanding that certain statements are forward-looking and involve risks.
Nasdaq Copenhagen financial
"are expected to be admitted to trading and official listing on Nasdaq Copenhagen"
Nasdaq Copenhagen is the main stock exchange in Denmark where companies list shares and investors buy and sell those shares; it is part of the Nasdaq family of European exchanges. It matters to investors because stock prices, trading activity and company listings there reflect Danish and regional economic conditions and provide a gateway to own and trade local businesses—like a marketplace window showing which firms are growing or struggling, affecting portfolio returns and risk.
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 May 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 May 20, 2026, announcing that the Company has increased its share capital by 215,635 Class A common shares, par value $0.01 per share, as a result of the exercise of a corresponding number of Restricted
Stock Units.
Attached to this Report on Form 6-K as Exhibit 99.2 is a copy of the press
release of the Company, dated May 21, 2026, announcing the report on 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: May 21, 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
COMPANY ANNOUNCEMENT
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TORM plc capital increase in connection with exercise of Restricted Share Units as part of TORM’s incentive program
TORM plc (Nasdaq: TRMD or TRMD A) has increased its share capital by 215,635 A-shares (corresponding to a nominal value of USD 2.156,35) as a result of the
exercise of a corresponding number of Restricted Share Units (“RSUs”). A total of 14,206 new shares is subscribed for in cash at DKK 0.07 per A-share, 85,067 shares are subscribed for in cash at DKK 131.80 and 116,362 new shares are subscribed for in
cash at DKK 144.40.
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 1,023,389.74 divided into 102,338,974 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 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
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 13
20 MAY 2026
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PAGE 1 / 2
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COMPANY ANNOUNCEMENT
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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. 13
20 MAY 2026
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PAGE 2 / 2
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Exhibit 99.2
COMPANY ANNOUNCEMENT
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Report on 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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Exercise of restricted share units
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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 131.8/share
DKK 144.4/share
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85,067
85,067
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Aggregated information
- Volume
- Price
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170,133 shares
DKK 23,495,361
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Date of the transaction
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20 May 2026
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Place of the transaction
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Outside a trading venue
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 14
21 MAY 2026
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PAGE 1 / 3
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COMPANY ANNOUNCEMENT
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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 206.20/share
DKK 205.16/share
DKK 207,57/share
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30,603 (a)
348,441 (b)
170,133 (c)
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Aggregated information
- Volume
- Price
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549,177 shares
DKK 112,829,967
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Date of the transaction
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(a) 18 May 2026
(b) 18 May 2026
(c) 20 May 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.
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.
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TORM PLC | 120 CANNON STREET
LONDON, EC4N 6AS, UNITED KINGDOM | COMPANY: 09818726
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COMPANY ANNOUNCEMENT NO. 14
21 MAY 2026
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PAGE 2 / 3
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COMPANY ANNOUNCEMENT
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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. 14
21 MAY 2026
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PAGE 3 / 3
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FAQ
What capital increase did TORM plc (TRMD) report in May 2026?
TORM increased its share capital by 215,635 Class A shares through the exercise of Restricted Share Units. After this transaction, total share capital reached USD 1,023,389.74, divided into 102,338,974 A-shares with a nominal value of USD 0.01 each.
What insider RSU exercise did TORM plc CEO Jacob Meldgaard report?
CEO Jacob Balslev Meldgaard reported an exercise of restricted share units covering 170,133 shares, with aggregated value of DKK 23,495,361. The transaction occurred on 20 May 2026 and was executed outside a trading venue, according to the company’s disclosure.