TORM (TRMD) CEO details common shares and major RSU grants

Rhea-AI Filing Summary

TORM plc Chief Executive Officer Jacob Balslev Meldgaard filed an initial statement of beneficial ownership, detailing his current holdings in the company. He directly holds 379,044 Class A Common Shares and several awards of Restricted Stock Units that can convert into Class A Common Shares over future years.

The derivative positions include multiple RSU grants each linked to 85,066–85,067 underlying Class A Common Shares with expiration dates from 2026 through 2028, and one grant linked to 500,000 underlying Class A Common Shares expiring in 2029. Footnotes explain that these RSUs were granted with exercise prices set and later adjusted in Danish kroner to reflect dividends, in line with the original grant terms.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Meldgaard Jacob Balslev

(Last) (First) (Middle)

C/O TORM PLC

120 CANNON STREET

(Street)

LONDON EC4N 6AS

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
TORM plc [ TRMD ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Shares	379,044	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	01/01/2026	12/27/2026	Class A Common Shares	85,067	(1)	D
Restricted Stock Units	01/01/2026	12/27/2026	Class A Common Shares	85,067	(2)	D
Restricted Stock Units	01/01/2026	12/27/2026	Class A Common Shares	85,067	(3)	D
Restricted Stock Units	01/01/2027	12/28/2027	Class A Common Shares	85,066	(2)	D
Restricted Stock Units	01/01/2027	12/27/2027	Class A Common Shares	85,067	(3)	D
Restricted Stock Units	01/01/2028	12/27/2028	Class A Common Shares	85,066	(3)	D
Restricted Stock Units	01/01/2028	09/26/2029	Class A Common Shares	500,000	$0.01	D

Explanation of Responses:

1. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 220.60 at the time of allocation and an exercise price of DKK 131.80 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.

2. 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.

3. 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 148.70 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.

	/s/ Jacob Balslev Meldgaard	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the TORM plc (TRMD) Form 3 filing by CEO Jacob Meldgaard show?

The Form 3 shows Jacob Meldgaard’s existing ownership in TORM plc. It lists 379,044 directly held Class A Common Shares plus multiple Restricted Stock Unit awards that can convert into additional shares over time, providing a clear snapshot of his current equity stake and incentives.

How many TORM plc Class A Common Shares does CEO Jacob Meldgaard directly hold?

Jacob Meldgaard directly holds 379,044 Class A Common Shares. This figure represents his current common equity position separate from any derivative or incentive-based awards, giving investors a view of his straightforward share ownership in TORM plc as reported in the Form 3.

What Restricted Stock Unit awards for TORM plc are reported for Jacob Meldgaard?

The filing reports several Restricted Stock Unit awards tied to Class A Common Shares. Individual grants each reference 85,066–85,067 underlying shares with expirations between 2026 and 2028, plus one larger award linked to 500,000 underlying shares expiring in 2029, all held directly.

How are exercise prices for Jacob Meldgaard’s TORM plc RSUs described?

Exercise prices for the RSUs are stated in Danish kroner and adjusted for dividends. Footnotes note initial exercise prices of DKK 220.60, 258.40 and 162.38, later reset to DKK 131.80, 200.00 and 148.70 after ex-dividend dates, following the original grant terms.

Does the TORM plc (TRMD) Form 3 show any recent share purchases or sales by the CEO?

No purchases or sales are identified in the Form 3 data provided. The transactions are classified as holdings with unknown transaction codes, indicating the document primarily records existing positions rather than new open-market buy or sell activity by Jacob Meldgaard.

What future timeframes are linked to Jacob Meldgaard’s TORM plc RSU positions?

The RSU positions carry expiration dates from 2026 through 2029. Several awards expire in late 2026, 2027 and 2028, while a larger grant tied to 500,000 underlying Class A Common Shares is scheduled to expire in 2029, defining a multi-year incentive horizon.