TORM executive reports RSU holdings in Form 3
TORM plc executive Jensen Jesper Sondergaard, Head of Technical Division, filed an initial ownership report showing multiple holdings of Restricted Stock Units linked to Class A Common Shares.
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Form Type
3
Rhea-AI Filing Summary
TORM plc executive Jensen Jesper Sondergaard, Head of Technical Division, filed an initial ownership report showing multiple holdings of Restricted Stock Units linked to Class A Common Shares. The filing lists eight RSU entries, including tranches over 42,533–42,534 underlying shares and one tranche over 127,500 underlying shares with various exercise prices and expiration dates.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Jensen Jesper Sondergaard
Role
Head of Technical Division
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 425,233 contracts (Direct)
Footnotes (3)
- F1. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 258.40 at the time of allocation and an exercise price of DKK 200.00 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant.
- F2. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 162.38 at the time of allocation and an exercise price of DKK 144.40 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant.
- F3. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 167.14 at the time of allocation and an exercise price of DKK 167.14 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant.
Key Figures
Largest RSU tranche: 127,500 underlying shares
RSU tranche size: 42,533 underlying shares
Alternative RSU tranche size: 42,534 underlying shares
+5 more
8 metrics
Largest RSU tranche
127,500 underlying shares
Restricted Stock Units over Class A Common Shares expiring on 2029-09-26
RSU tranche size
42,533 underlying shares
Multiple RSU awards over Class A Common Shares with various expirations
Alternative RSU tranche size
42,534 underlying shares
One RSU award over Class A Common Shares with 2027-12-27 expiration
Exercise price (derivative summary)
0.0100 per share
Restricted Stock Units over 127,500 underlying Class A Common Shares
Adjusted exercise price (footnote F1)
DKK 200.00 per share
RSUs adjusted after ex-dividend date from DKK 258.40
Adjusted exercise price (footnote F2)
DKK 144.40 per share
RSUs adjusted after ex-dividend date from DKK 162.38
Exercise price (footnote F3)
DKK 167.14 per share
RSUs with unchanged exercise price before and after ex-dividend date
RSU holdings entries
8 entries
Number of RSU holdings reported in Form 3 transaction summary
Key Terms
Restricted Stock Units, Class A Common Shares, exercise price, ex-dividend date, +1 more
5 terms
Restricted Stock Units financial
"The Issuer granted the Reporting Person Restricted Stock Units with an exercise price"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
exercise price financial
"Restricted Stock Units with an exercise price of DKK 258.40 at the time of allocation"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
ex-dividend date financial
"after the ex-dividend date to adjust for the impact of dividends"
The ex-dividend date is the date when a stock starts trading without the value of its next dividend payment included. If you buy the stock on or after this date, you won't receive that upcoming dividend; only those who owned the stock before this date are entitled to it. It matters to investors because it determines who is eligible to receive the dividend and can influence the stock’s price around that time.
Form 3 regulatory
"INSIDER FILING DATA (Form 3)"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does TORM plc (TRMD) executive Jensen Jesper Sondergaard report in this Form 3?
The Form 3 shows Jensen Jesper Sondergaard’s initial holdings of several Restricted Stock Unit awards tied to TORM plc Class A Common Shares, detailing underlying share amounts, exercise prices and expiration dates across eight separate RSU entries.
How many Restricted Stock Unit positions are reported for TORM plc (TRMD)?
The filing reports eight Restricted Stock Unit positions. Each entry lists underlying Class A Common Shares, an exercise price and an expiration date, giving a structured view of the executive’s compensation-linked derivative holdings in TORM plc.
What exercise prices are associated with the TRMD Restricted Stock Units?
The derivative summary shows exercise prices of 0.0000 and 0.0100 per underlying share, while footnotes describe original and adjusted DKK exercise prices of 258.40/200.00, 162.38/144.40 and 167.14, reflecting dividend-related adjustments under the grant terms.
When do the reported TORM plc (TRMD) RSU awards expire?
The RSU awards have expiration dates ranging from late 2026 through late 2029. Specific entries expire on dates such as 2026-12-27, 2027-12-27, 2028-12-27, 2027-12-28 and 2029-09-26, defining the exercisability window.
What role does the reporting person hold at TORM plc (TRMD)?
The reporting person, Jensen Jesper Sondergaard, is identified as an officer of TORM plc with the title Head of Technical Division. The RSU holdings disclosed in the Form 3 reflect part of his equity-based compensation structure at the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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