TORM plc CFO Kim Balle Exercises RSUs, Receives 42,533 Shares

What Happened

• Kim Balle, Chief Financial Officer of TORM plc (TRMD), had 42,533 restricted stock units (RSUs) vest on September 17, 2026 and received 42,533 Class A common shares upon settlement. The filing reports a per-share value of $27.61 (DKK 170.80), giving an aggregate value of approximately $1,174,336.
• This was not an open-market purchase or sale but the conversion/settlement of equity awards (derivative instruments) into shares; no sale was reported.

Key Details

• Transaction dates: RSUs vested on Sept 17, 2026; underlying shares were delivered Sept 18, 2026. Form 4 filed Sept 18, 2026.
• Price/value: DKK 170.80 per share (reported as $27.61); total value ≈ $1,174,336. U.S. dollar amounts were translated from Danish kroner at applicable exchange rates.
• Shares received: 42,533 Class A shares were acquired upon vesting.
• Remaining awards: After settlement of these 42,533 RSUs, 382,700 RSUs remained outstanding per the filing.
• Shares owned after transaction: Not disclosed in this Form 4.
• Filing timeliness: Reported on Sept 18, 2026 (next business day after vesting/delivery).

Context

• These entries reflect RSU vesting and conversion to shares (derivative settlement). The filing shows the award/settlement activity (transaction code M for exercise/conversion of derivative and a related RSU delivery entry), not a market trade. Such award settlements are routine compensation events and do not by themselves indicate an intent to buy or sell additional stock.