TORM (TRMD) Head of Projects discloses multiple RSU awards

Rhea-AI Filing Summary

TORM plc executive Lars Christensen, Head of Projects, has filed a Form 3 detailing his holdings of restricted stock units linked to Class A Common Shares. The disclosure lists several RSU grants, including awards over 42,533 and 42,534 underlying shares expiring between 2026-12-27 and 2029-12-27, and one grant over 127,500 underlying shares with a nominal exercise price of 0.0100 per share expiring on 2029-09-26. Footnotes explain that some RSU exercise prices were adjusted in Danish kroner to reflect dividend payments in line with the original grant terms.

Insider Trade Summary

8 transactions reported

Mixed 8 txns

Insider Christensen Lars

Role Head of Projects

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 — 42,533 shares (Direct)

Footnotes (1)

1. 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. 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. 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.

Understanding Insider Trading Forms →

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^*

Christensen Lars

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Head of Projects

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)

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	42,533	(1)	D
Restricted Stock Units	01/01/2027	12/28/2027	Class A Common Shares	42,533	(1)	D
Restricted Stock Units	01/01/2027	12/27/2027	Class A Common Shares	42,533	(2)	D
Restricted Stock Units	01/01/2028	12/27/2028	Class A Common Shares	42,534	(2)	D
Restricted Stock Units	10/01/2028	09/26/2029	Class A Common Shares	127,500	$0.01	D
Restricted Stock Units	01/01/2027	12/27/2027	Class A Common Shares	42,534	(3)	D
Restricted Stock Units	01/01/2028	12/27/2028	Class A Common Shares	42,533	(3)	D
Restricted Stock Units	01/01/2029	12/27/2029	Class A Common Shares	42,533	(3)	D

Explanation of Responses:

1. 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.

2. 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.

3. 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.

	/s/ Lars Christensen	03/27/2026
	** 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 Lars Christensen’s Form 3 for TORM (TRMD) disclose?

Lars Christensen’s Form 3 discloses his initial holdings of restricted stock units tied to TORM’s Class A Common Shares. It lists several RSU awards with specified underlying share amounts, exercise prices, and expiration dates, providing a baseline view of his equity-based compensation position.

What types of securities does the TORM (TRMD) Form 3 report?

The Form 3 reports Restricted Stock Units (RSUs) that are convertible into TORM Class A Common Shares. Each RSU line item includes an exercise price, often 0.0000 or 0.0100 per share, and clearly defined expiration dates ranging from 2026 through 2029.

Are there notable RSU grants in Lars Christensen’s TORM (TRMD) filing?

Yes, the Form 3 highlights several sizable RSU grants, including awards over 42,533 and 42,534 underlying Class A Common Shares, plus one grant covering 127,500 underlying shares with a 0.0100 exercise price and an expiration date of 2029-09-26.

How long do Lars Christensen’s TORM (TRMD) RSUs remain outstanding?

The RSUs disclosed have staggered expiration dates from 2026 to 2029. Specific expirations include 2026-12-27, several dates in 2027 and 2028, and a latest expiration on 2029-12-27, outlining a multi-year vesting and exercisability horizon.

How are RSU exercise prices treated in the TORM (TRMD) Form 3 footnotes?

Footnotes explain that RSU exercise prices were adjusted in Danish kroner. For example, one grant moved from DKK 258.40 to DKK 200.00 and another from DKK 162.38 to DKK 148.70 after ex-dividend dates, aligning RSU pricing with dividend impacts under original grant terms.

What role does Lars Christensen hold at TORM (TRMD) according to the Form 3?

Lars Christensen is identified as TORM’s Head of Projects. The Form 3 associates this officer role with his reported holdings of restricted stock units, giving investors clarity on how a senior operational executive is aligned through equity-based compensation in the company.