TORM (TRMD) CEO receives 225,200 RSU grant vesting through 2029

Rhea-AI Filing Summary

Meldgaard Jacob Balslev reported acquisition or exercise transactions in this Form 4 filing.

TORM plc reported that Chief Executive Officer Jacob Balslev Meldgaard received a grant of 225,200 Restricted Stock Units (RSUs) linked to the company’s Class A common shares. This is a compensation-related award, not an open-market purchase or sale.

The RSUs were granted on April 10, 2026 and represent a contingent right to receive an equal number of Class A common shares upon vesting. They vest in three equal annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, provided he continues serving the company through each vesting date. No shares were issued at grant; each vested RSU will later settle into one share.

The grant uses a DKK 167.70 grant-date reference price that the company applies only for internal valuation and tax withholding calculations. Following this award, Meldgaard’s directly held derivative position reported in this filing totals 1,265,600 units, illustrating a substantial ongoing equity-based stake aligned with shareholder interests.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Meldgaard Jacob Balslev

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	225,200	$0.00	--

Holdings After Transaction: Restricted Stock Units — 1,265,600 shares (Direct)

Footnotes (1)

1. The Issuer granted the Reporting Person restricted stock units ("RSUs") with an exercise price of DKK 167.70 at the time of allocation. The amount referenced herein reflects the grant date reference price used by the Issuer solely for internal valuation purposes and for determining withholding obligations, if any. The RSUs do not have an exercise or purchase price payable by the Reporting Person. The reference price was calculated as the average of the closing sale prices of the Issuer's Class A common shares on the Nasdaq Copenhagen Stock Exchange during the 90 calendar day period preceding the release of the Issuer's 2025 Annual Report on February 26, 2026, adjusted to reflect the dividend declared for the fourth quarter of 2025. The reference price will adjust for subsequent dividends in accordance with the terms of the RSU award. The RSUs reported herein were granted on April 10, 2026 and represent a contingent right to receive shares of the Issuer's Class A common shares upon vesting. The RSUs vest in three equal annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. Each vested RSU will be settled in one Class A common share of the Issuer. No shares of Class?A common stock were issued upon the grant of the RSUs.

Key Figures

RSUs granted: 225,200 units Reference price: DKK 167.70 Post-grant derivative holdings: 1,265,600 units +3 more

6 metrics

RSUs granted 225,200 units Restricted Stock Units granted on April 10, 2026

Reference price DKK 167.70 Grant-date internal valuation reference for RSUs

Post-grant derivative holdings 1,265,600 units Total derivative position following transaction

Vesting date 1 January 1, 2027 First of three equal annual RSU vesting dates

Vesting date 2 January 1, 2028 Second RSU vesting installment

Vesting date 3 January 1, 2029 Final RSU vesting installment

Key Terms

Restricted Stock Units, grant date reference price, withholding obligations, vesting, +1 more

5 terms

Restricted Stock Units financial

"The Issuer granted the Reporting Person restricted stock units ("RSUs")"

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.

grant date reference price financial

"reflects the grant date reference price used by the Issuer solely for internal valuation"

withholding obligations financial

"used by the Issuer solely for internal valuation purposes and for determining withholding obligations"

vesting financial

"The RSUs vest in three equal annual installments on January 1, 2027, January 1, 2028, and January 1, 2029"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

contingent right to receive shares financial

"represent a contingent right to receive shares of the Issuer's Class A common shares upon vesting"

Form 4 Insider Transactions: What Each Field Means →

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^*

Meldgaard Jacob Balslev

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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	(1)	04/10/2026		A		225,200		(2)	(2)	Class A Common Shares	225,200	$0	1,265,600	D

Explanation of Responses:

1. The Issuer granted the Reporting Person restricted stock units ("RSUs") with an exercise price of DKK 167.70 at the time of allocation. The amount referenced herein reflects the grant date reference price used by the Issuer solely for internal valuation purposes and for determining withholding obligations, if any. The RSUs do not have an exercise or purchase price payable by the Reporting Person. The reference price was calculated as the average of the closing sale prices of the Issuer's Class A common shares on the Nasdaq Copenhagen Stock Exchange during the 90 calendar day period preceding the release of the Issuer's 2025 Annual Report on February 26, 2026, adjusted to reflect the dividend declared for the fourth quarter of 2025. The reference price will adjust for subsequent dividends in accordance with the terms of the RSU award.

2. The RSUs reported herein were granted on April 10, 2026 and represent a contingent right to receive shares of the Issuer's Class A common shares upon vesting. The RSUs vest in three equal annual installments on January 1, 2027, January 1, 2028, and January 1, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. Each vested RSU will be settled in one Class A common share of the Issuer. No shares of Class?A common stock were issued upon the grant of the RSUs.

	/s/ Jacob Balslev Meldgaard	04/10/2026
	** 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)

FAQ

What did TORM (TRMD) CEO Jacob Balslev Meldgaard receive in this Form 4?

TORM’s CEO Jacob Balslev Meldgaard received a grant of 225,200 Restricted Stock Units (RSUs). These RSUs are part of his equity compensation and will convert into Class A common shares as they vest over time, aligning his interests with shareholders.

How do the new RSUs for TORM (TRMD) CEO vest over time?

The 225,200 RSUs granted to TORM’s CEO vest in three equal annual installments. Vesting dates are January 1, 2027, January 1, 2028, and January 1, 2029, and each installment requires his continued service with the company through the applicable date.

Were any TORM (TRMD) shares issued immediately from this RSU grant?

No, TORM did not issue any shares upon granting the RSUs. The award represents a contingent right to receive Class A common shares later. Each RSU will be settled in one share only when it vests on the scheduled dates.

What is the significance of the DKK 167.70 reference price in the TORM RSU grant?

The DKK 167.70 reference price is used solely for internal valuation and tax withholding. It reflects the average closing prices over a 90-day period around the 2025 annual report date, adjusted for dividends, but it is not an exercise or purchase price for the CEO.

How many equity units does the TORM (TRMD) CEO hold after this RSU award?

After this RSU award, the Form 4 shows the CEO with 1,265,600 derivative units. This figure includes the newly granted 225,200 RSUs and represents his reported direct equity-based position tied to TORM’s Class A common shares in this filing.