TORM (TRMD) CEO details common shares and major RSU grants
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
TORM plc Chief Executive Officer Jacob Balslev Meldgaard filed an initial statement of beneficial ownership, detailing his current holdings in the company. He directly holds 379,044 Class A Common Shares and several awards of Restricted Stock Units that can convert into Class A Common Shares over future years.
The derivative positions include multiple RSU grants each linked to 85,066–85,067 underlying Class A Common Shares with expiration dates from 2026 through 2028, and one grant linked to 500,000 underlying Class A Common Shares expiring in 2029. Footnotes explain that these RSUs were granted with exercise prices set and later adjusted in Danish kroner to reflect dividends, in line with the original grant terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Meldgaard Jacob Balslev
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 85,067 shares (Direct);
Class A Common Shares — 379,044 shares (Direct)
Footnotes (1)
- The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 220.60 at the time of allocation and an exercise price of DKK 131.80 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 258.40 at the time of allocation and an exercise price of DKK 200.00 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant. The Issuer granted the Reporting Person Restricted Stock Units with an exercise price of DKK 162.38 at the time of allocation and an exercise price of DKK 148.70 after the ex-dividend date to adjust for the impact of dividends on the exercise price in accordance with the original terms of the grant.
FAQ
What does the TORM plc (TRMD) Form 3 filing by CEO Jacob Meldgaard show?
The Form 3 shows Jacob Meldgaard’s existing ownership in TORM plc. It lists 379,044 directly held Class A Common Shares plus multiple Restricted Stock Unit awards that can convert into additional shares over time, providing a clear snapshot of his current equity stake and incentives.
What Restricted Stock Unit awards for TORM plc are reported for Jacob Meldgaard?
The filing reports several Restricted Stock Unit awards tied to Class A Common Shares. Individual grants each reference 85,066–85,067 underlying shares with expirations between 2026 and 2028, plus one larger award linked to 500,000 underlying shares expiring in 2029, all held directly.
How are exercise prices for Jacob Meldgaard’s TORM plc RSUs described?
Exercise prices for the RSUs are stated in Danish kroner and adjusted for dividends. Footnotes note initial exercise prices of DKK 220.60, 258.40 and 162.38, later reset to DKK 131.80, 200.00 and 148.70 after ex-dividend dates, following the original grant terms.
What future timeframes are linked to Jacob Meldgaard’s TORM plc RSU positions?
The RSU positions carry expiration dates from 2026 through 2029. Several awards expire in late 2026, 2027 and 2028, while a larger grant tied to 500,000 underlying Class A Common Shares is scheduled to expire in 2029, defining a multi-year incentive horizon.