TORM (TRMD) CEO Meldgaard Balslev Exercises RSUs for 85,067 Shares

What Happened

• Meldgaard Jacob Balslev, CEO of TORM plc (TRMD), acquired 85,067 Class A common shares on September 24, 2026 by exercising/settling restricted stock units (derivative conversion, code M). The shares were purchased at DKK 179.80 each (reported as $27.34), for a total cash value of approximately $2,325,732.
• The filing also reports an earlier derivative event on May 20, 2026 for the same 85,067 RSUs recorded at $0.00 (grant/award stage). The RSUs vested and were settled on September 24, 2026, triggering the share issuance/purchase.

Key Details

• Transaction dates and prices:
  • May 20, 2026 — RSUs recorded/awarded (derivative) for 85,067 shares at $0.00 (grant/recording).
  • Sep 24, 2026 — RSUs vested and were settled; 85,067 shares acquired at DKK 179.80 / $27.34 each; total ~$2,325,732.
• Shares owned after transaction: Not specified in the supplied filing details.
• Footnotes of note:
  • F1: Purchase price = $27.34 per share (DKK 179.80).
  • F2: RSUs have an exercise price of DKK 179.80; each RSU = right to one Class A share.
  • F3: RSUs vested and were settled on Sep 24, 2026.
• Filing timeliness: Form 4 was filed on Sep 25, 2026 (the day after the settlement), which is timely based on the reported transaction date.

Context

• This was an acquisition through RSU settlement/exercise (not a sale). There is no indication in the filing that shares were immediately sold (no cashless sale reported).
• For retail investors: RSU vesting and exercise are routine executive compensation events that result in share acquisition; they do not by themselves indicate the insider’s market view beyond participating in the company’s compensation plan.
• USD amounts were translated from Danish kroner at the applicable daily exchange rates, per the filing.