Meldgaard Jacob Balslev 4

What Happened
Meldgaard Jacob Balslev, CEO of TORM plc (TRMD), was granted 225,200 restricted stock units (RSUs) on April 10, 2026. The grant is a derivative award (no cash purchase by the insider) reported at $0.00; the issuer used a reference price of DKK 167.70 for internal valuation and potential withholding calculations. No Class A shares were issued at the time of the grant.

Key Details

• Transaction type/code: Grant/Award (A), derivative RSUs; reported acquisition of 225,200 RSUs on 2026-04-10.
• Reported price: $0.00 (no exercise/purchase price payable by the insider); reference price for valuation was DKK 167.70.
• Vesting/settlement: RSUs vest in three equal annual installments on Jan 1, 2027; Jan 1, 2028; and Jan 1, 2029. Each vested RSU settles into one Class A common share.
• Shares issued at grant: None. The award is a contingent right to receive shares upon vesting.
• Dividend/tax note: Reference price was adjusted for the issuer's Q4 2025 dividend and will adjust for subsequent dividends; the reference price is used for internal valuation and withholding determinations.
• Filing timeliness: Report filed on 2026-04-10 for a grant dated 2026-04-10 — no late filing indicated in the provided data.
• Shares owned after transaction: Not reported in the provided filing excerpt.

Context
This was an equity compensation grant (RSUs), not an open-market purchase or sale. RSU grants compensate and retain executives and are contingent on continued service through vesting dates; they do not necessarily signal immediate bullish or bearish insider trading intent. Upon vesting each RSU will convert 1-for-1 into a Class A share and may be subject to withholding.