Meldgaard Jacob Balslev 4

4 · TORM plc · Filed May 20, 2026

AI-generated summary of this filing

Updated May 20, 2026

TORM CEO Meldgaard Jacob Balslev Sells Shares, Exercises RSUs

What Happened

Meldgaard Jacob Balslev, CEO of TORM plc (TRMD), sold a total of 549,147 Class A common shares in open-market transactions (May 18 & May 20, 2026) for aggregate proceeds of about $17.6 million. He also acquired/received 340,266 shares on May 20, 2026 through exercises/conversions of derivatives and settlement of restricted stock units (RSUs).
Sales details: 30,603 shares and 348,411 shares sold on May 18 at a weighted average price of $31.94 (range $31.93–$32.09), and 170,133 shares sold on May 20 at $32.30, totaling ~$17,601,003.
Acquisition/settlement details: on May 20 he acquired/converted 85,067 shares at $20.51 and 85,066 shares at $22.47 (cash paid ≈ $3.66M), and two additional tranches of 85,067 and 85,066 shares were reported as acquired at $0.00 reflecting RSU settlement/vest (each RSU converts into one share upon vesting).

Key Details

Transaction dates: May 18, 2026 (sales) and May 20, 2026 (exercises/RSU settlement and sale).
Prices: May 18 weighted avg $31.94 (range $31.93–$32.09); May 20 sale $32.30; exercise prices $20.51 and $22.47 for the purchased tranches; RSU tranches reported at $0.00 (vested/settled).
Shares after transactions: Not disclosed in the supplied filing excerpt.
Footnotes of note: RSUs had exercise prices in DKK (DKK 131.80 and DKK 144.20) and vested/settled on May 20, 2026; USD amounts are translated from Danish kroner at applicable exchange rates.
Filing: Form 4 filed May 20, 2026 and covers transactions dated May 18 and May 20, 2026 (no indication in the filing excerpt that it was late).

Context

The May 20 activity shows both exercises/RSU settlements and same-day open-market sales of shares — the filing records acquisitions (via exercise/settlement) and disposals on the same date. For retail investors: purchases/exercises show the CEO received shares at lower exercise prices, while the open-market sales generated the reported cash proceeds. Do not infer motive from the trades; this report is a factual record of insider activity.

Form 4

Period: 2026-05-18

DirectorChief Executive Officer

Transactions

Sale
Class A Common Shares
[F1]
2026-05-18$31.94/sh−30,603$977,460→ 348,411 total
Sale
Class A Common Shares
[F1]
2026-05-18$31.94/sh−348,411$11,128,247→ 0 total
Exercise/Conversion
Class A Common Shares
[F2][F7]
2026-05-20$20.51/sh+85,067$1,744,724→ 85,067 total
Exercise/Conversion
Class A Common Shares
[F3][F7]
2026-05-20$22.47/sh+85,066$1,911,433→ 170,133 total
Sale
Class A Common Shares
[F4]
2026-05-20$32.30/sh−170,133$5,495,296→ 0 total
Exercise/Conversion
Restricted Stock Units
[F5][F7]
2026-05-20+85,067→ 1,180,533 total
→ Class A Common Shares (85,067 underlying)
Exercise/Conversion
Restricted Stock Units
[F6][F7]
2026-05-20+85,066→ 1,095,467 total
→ Class A Common Shares (85,066 underlying)

Footnotes (7)

[F1]These transactions reported on May 18, 2026 represent weighted average sale prices. The Class A Common Shares were sold in multiple transactions at prices ranging from $31.93 to $32.09 per share (or DKK 205.16 to 206.20 per share). The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price upon request.
[F2]The Class A Common Shares were purchased at a price of $20.51, or DKK 131.80.
[F3]The Class A Common Shares were purchased at a price of $22.47, or DKK 144.40.
[F4]The transaction reported on May 20, 2026 was executed at a price of $32.30 per share (or DKK 207.57 per share).
[F5]The Restricted Stock Units ("RSUs") have an exercise price of DKK 131.80 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer.
[F6]The RSUs have an exercise price of DKK 144.20 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer.
[F7]The RSUs vested and were settled on May 20, 2026 upon vesting, with each RSU representing the right to receive one Class A Common Share.

Signature

/s/ Jacob Balslev Meldgaard|2026-05-20

1 file