TORM (TRMD) CFO Balle Kim Sells 42,533 Shares

What Happened

• Balle Kim, Chief Financial Officer of TORM plc, sold a total of 42,533 Class A Common Shares in open-market transactions across Sept 18, 21 and 22, 2026.
  • Sept 18: 20,000 shares at a weighted avg price of $39.16 for proceeds of $783,200 (F1).
  • Sept 21: 15,000 shares at a weighted avg price of $39.08 for proceeds of $586,200 (F2).
  • Sept 22: 7,533 shares at $36.35 for proceeds of $273,825 (F3).
• Total proceeds ≈ $1,643,225. These were sales (dispositions), not purchases or option exercises.

Key Details

• Transaction type: S = Sale (open-market/private sale).
• Dates & prices (footnotes):
  • Sept 18 (F1): weighted avg $39.16; individual prices ranged DKK 245.05566–248.60 (~$38.90–$39.46). Detailed per-price breakdown available on request.
  • Sept 21 (F2): weighted avg $39.08; individual prices ranged DKK 245.38692–247.246 (~$38.95–$39.25). Detailed per-price breakdown available on request.
  • Sept 22 (F3): executed at DKK 229.00 (~$36.35).
• Shares owned after transaction: not disclosed in the filing.
• Filing timeliness: Form 4 filed 2026-09-24. The Sept 18 and Sept 21 trades appear to have been reported late (they were due earlier under the two-business-day rule); the Sept 22 trade was filed on the date shown. Late filings can prompt SEC scrutiny or amendments but do not by themselves indicate wrongdoing.
• No 10b5-1 plan, option exercise, award, or gift is indicated in this filing.

Context

• Sales by executives are common for diversification, tax or liquidity reasons and do not, by themselves, signal company prospects. Purchases (buying shares) tend to be a stronger bullish signal. This filing documents routine disposals; no derivative or award activity was reported.