TORM CFO exercises 42,533 RSUs at $27.61

TORM plc’s CFO exercised and settled RSUs into Class A shares, increasing direct holdings while retaining a substantial RSU balance.

Rhea-AI Filing Summary

TORM plc (TRMD) reported that Chief Financial Officer Kim Balle exercised and settled 42,533 Restricted Stock Units (RSUs), receiving the same number of Class A Common Shares on September 17–18, 2026 at $27.61 (DKK 170.80) per share. After the transaction, Balle held 43,043 Class A Common Shares directly and 382,700 RSUs remained outstanding, with an additional 254 shares held indirectly by a spouse. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

42,533 shares exercised/converted

Exercise 3 txns

Insider Balle Kim

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F3, F2	42,533	$0.00	$0.00
Exercise	Class A Common Shares F1, F2	42,533	$27.61	$1.17M
holding	Class A Common Shares	--	--	--

Holdings After Transaction: Restricted Stock Units — 382,700 contracts (Direct); Class A Common Shares — 43,043 shares (Direct); Class A Common Shares — 254 shares (Indirect, By Spouse)

Footnotes (3)

1. F1. The Class A Common Shares were acquired upon vesting at a price of $27.61, or DKK 170.80.
2. F2. The Restricted Stock Units ("RSUs") vested on September 17, 2026 and the underlying Class A Common Shares were delivered on September 18, 2026. Each RSU represented the right to receive one Class A Common Share.
3. F3. The RSUs have an exercise price of DKK 170.80 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer. Following settlement of 42,533 RSUs, 382,700 RSUs remained outstanding.

Key Figures

RSUs exercised and settled: 42,533 units Vesting/acquisition price per share: $27.61 per share Direct Class A Common Shares after transaction: 43,043 shares +3 more

6 metrics

RSUs exercised and settled 42,533 units Exercised and converted into Class A Common Shares on September 17–18, 2026

Vesting/acquisition price per share $27.61 per share Class A Common Shares acquired upon RSU vesting, also DKK 170.80

Direct Class A Common Shares after transaction 43,043 shares Direct holdings of Kim Balle following the September 17, 2026 transaction

RSUs remaining outstanding 382,700 units RSU balance after settlement of 42,533 RSUs

Indirect Class A Common Shares 254 shares Held indirectly by spouse as of August 27, 2026

RSU exercise price DKK 170.80 per share Exercise price for each RSU representing one Class A Common Share

Key Terms

Restricted Stock Units, Class A Common Shares, exercise price, contingent right

4 terms

Restricted Stock Units financial

"The Restricted Stock Units ("RSUs") vested on September 17, 2026"

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.

Class A Common Shares financial

"underlying Class A Common Shares were delivered on September 18, 2026"

A Class A common share is a specific type of ordinary company share that represents an ownership stake and usually carries particular voting rights or payout priorities compared with other share classes. For investors it matters because those differences affect how much influence you have over company decisions, how dividends or liquidation proceeds might be distributed, and how easily the shares trade — like choosing between car models where one has extra features (more control) and another focuses on price or availability (liquidity).

exercise price financial

"The RSUs have an exercise price of DKK 170.80 per share"

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.

contingent right financial

"Each RSU represents a contingent right to receive one Class A Common Share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did TRMD’s CFO Kim Balle report on this Form 4?

Kim Balle reported exercising and settling 42,533 Restricted Stock Units into 42,533 Class A Common Shares on September 17–18, 2026. The RSUs vested on September 17, 2026 and the underlying shares were delivered on September 18, 2026.

At what price did the TRMD RSUs vest and convert into Class A Common Shares?

The Class A Common Shares were acquired upon vesting at $27.61 per share, equivalent to DKK 170.80. The RSUs have an exercise price of DKK 170.80 per share, with each RSU representing a right to receive one Class A Common Share.

How many TORM plc (TRMD) shares does the CFO hold after this transaction?

After the transaction, Kim Balle held 43,043 Class A Common Shares directly. In addition, 254 Class A Common Shares are held indirectly by a spouse, as disclosed in the Form 4 holding entry.

How many TRMD Restricted Stock Units remain outstanding for the CFO?

Following settlement of 42,533 RSUs, a total of 382,700 RSUs remained outstanding for Kim Balle. Each RSU represents a contingent right to receive one Class A Common Share of TORM plc.

Were the TRMD Form 4 transactions made under a Rule 10b5-1 trading plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What indirect holdings in TORM plc (TRMD) shares are reported for the CFO?

The Form 4 discloses an indirect holding of 254 Class A Common Shares held “By Spouse” as of August 27, 2026. These are reported separately from Kim Balle’s direct holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/18/2026 - 04:05 PM Accepted by SEC EDGAR 09/18/2026 - 04:04 PM Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Balle Kim

(Last) (First) (Middle)

C/O TORM PLC

120 CANNON STREET

(Street)

LONDON EC4N6AS

(City) (State) (Zip)

UNITED KINGDOM

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Shares	09/17/2026		M		42,533	A	$27.61(1)(2)	43,043	D
Class A Common Shares								254	I	By Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(3)	09/17/2026		M		42,533		(2)	(2)	Class A Common Shares	42,533	$0	382,700	D

Explanation of Responses:

1. The Class A Common Shares were acquired upon vesting at a price of $27.61, or DKK 170.80.

2. The Restricted Stock Units ("RSUs") vested on September 17, 2026 and the underlying Class A Common Shares were delivered on September 18, 2026. Each RSU represented the right to receive one Class A Common Share.

3. The RSUs have an exercise price of DKK 170.80 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer. Following settlement of 42,533 RSUs, 382,700 RSUs remained outstanding.

Remarks:

U.S. dollar amounts are translated from Danish kroner at the applicable exchange rates on the respective transaction dates.

	/s/ Kim Balle	09/18/2026
	** 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 4 (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 4: SEC 1474 (03-26)