Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons
Rhea-AI Summary
TORM (NASDAQ: TRMD, TRMD A) reported insider transactions by CEO and executive director Jacob Balslev Meldgaard. He exercised 170,133 restricted share units in TORM shares (ISIN: GB00BZ3CNK81) on 20 May 2026 for DKK 23,495,361 outside a trading venue.
Meldgaard also sold an aggregated 549,177 shares on Nasdaq Copenhagen on 18 and 20 May 2026 at prices around DKK 205–207 per share, for total proceeds of DKK 112,829,967.
Positive
- None.
Negative
- None.
News Market Reaction – TRMD
In the May 21 session, TRMD declined 0.64%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 20 | RSU capital increase | Neutral | +3.2% | New A-shares issued from RSU exercises, modest capital increase under incentive plan. |
| May 13 | Earnings & dividend | Positive | -5.6% | Strong Q1 2026 results, interim dividend, upgraded full-year TCE and EBITDA guidance. |
| Apr 15 | AGM results | Neutral | +2.6% | AGM approved reports, auditor, director elections, and buyback authorities on a poll. |
| Mar 31 | RSU capital increase | Neutral | +1.9% | Share capital increased via RSU exercises, new A-shares admitted to trading. |
| Mar 24 | RSU capital increase | Neutral | +5.7% | Exercise of RSUs added new A-shares subscribed in cash under incentive program. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent RSU-related capital increases have generally coincided with positive single-day price moves, while strong earnings and guidance previously saw a negative reaction.
Over the last few months, TORM has frequently reported capital increases tied to Restricted Share Unit exercises, adding relatively small blocks of new A-shares and seeing modestly positive price reactions after these updates. The April AGM confirmed buyback authorities and dividend focus, while the May Q1 2026 report showed strong earnings, higher guidance, and a sizable interim dividend but was followed by a negative price move. Today’s insider transaction disclosure fits into this pattern of active equity-based compensation and governance-related news flow.
Key Terms
lei code regulatory
forward-looking statements regulatory
safe harbor regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
HELLERUP,
Details of the reporting person / closely associated person | ||
Name | Jacob Balslev Meldgaard | |
Reason for the notification | ||
Position/status | CEO/Executive Director | |
Initial notification/Amendment | Initial notification | |
Details of the issuer | ||
Name | TORM plc | |
LEI code | 213800VL1H1ABVM1ZF63 | |
Details of the transaction(s) | ||
Description of the financial instrument Identification code | Shares (ISIN: GB00BZ3CNK81) | |
Nature of the transaction | Exercise of restricted share units | |
Price(s) and volume(s) | Price(s) | Volume(s) |
85,067 85,067 | ||
Aggregated information - Volume - Price | 170,133 shares | |
Date of the transaction | 20 May 2026 | |
Place of the transaction | Outside a trading venue | |
Details of the reporting person / closely associated person | ||
Name | Jacob Balslev Meldgaard | |
Reason for the notification | ||
Position/status | CEO/Executive Director | |
Initial notification/Amendment | Initial notification | |
Details of the issuer | ||
Name | TORM plc | |
LEI code | 213800VL1H1ABVM1ZF63 | |
Details of the transaction(s) | ||
Description of the financial instrument Identification code | Shares (ISIN: GB00BZ3CNK81) | |
Nature of the transaction | Sale | |
Price(s) and volume(s) | Price(s) | Volume(s) |
30,603 (a) 348,441 (b) 170,133 (c) | ||
Aggregated information - Volume - Price | 549,177 shares | |
Date of the transaction | (a) 18 May 2026 (b) 18 May 2026 (c) 20 May 2026 | |
Place of the transaction | Nasdaq | |
Contact
Mikael Bo Larsen, Head of Investor Relations
Tel.: +45 5143 8002
TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in
Safe Harbor Statement as to the Future
Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.
The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between
In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.
Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the
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14-2026 - Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons |
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SOURCE Torm PLC