Chief Executive Officer Meldgaard Jacob Balslev sold $17,601,003 worth of Class A Common Shares (549,147 units at $32.05) and exercised 170,133 units of Class A Common Shares at a strike of $21.49, closing all direct ownership in the company (SEC Form 4)
$TRMD
Marine Transportation
Consumer Discretionary
| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
(Country) | 2. Issuer Name and Ticker or Trading Symbol
TORM plc [ TRMD ] | 5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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| 2a. Foreign Trading Symbol
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| 3. Date of Earliest Transaction
(Month/Day/Year) 05/18/2026 | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| 4. If Amendment, Date of Original Filed
(Month/Day/Year) |
| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Shares | 05/18/2026 | S | 30,603 | D | $31.94(1) | 348,411 | D | |||
| Class A Common Shares | 05/18/2026 | S | 348,411 | D | $31.94(1) | 0 | D | |||
| Class A Common Shares | 05/20/2026 | M | 85,067 | A | $20.51(2)(7) | 85,067 | D | |||
| Class A Common Shares | 05/20/2026 | M | 85,066 | A | $22.47(3)(7) | 170,133 | D | |||
| Class A Common Shares | 05/20/2026 | S | 170,133 | D | $32.3(4) | 0 | D | |||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (5) | 05/20/2026 | M | 85,067 | (7) | (7) | Class A Common Shares | 85,067 | $0 | 1,180,533 | D | ||||
| Restricted Stock Units | (6) | 05/20/2026 | M | 85,066 | (7) | (7) | Class A Common Shares | 85,066 | $0 | 1,095,467 | D | ||||
| Explanation of Responses: |
| 1. These transactions reported on May 18, 2026 represent weighted average sale prices. The Class A Common Shares were sold in multiple transactions at prices ranging from $31.93 to $32.09 per share (or DKK 205.16 to 206.20 per share). The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price upon request. |
| 2. The Class A Common Shares were purchased at a price of $20.51, or DKK 131.80. |
| 3. The Class A Common Shares were purchased at a price of $22.47, or DKK 144.40. |
| 4. The transaction reported on May 20, 2026 was executed at a price of $32.30 per share (or DKK 207.57 per share). |
| 5. The Restricted Stock Units ("RSUs") have an exercise price of DKK 131.80 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer. |
| 6. The RSUs have an exercise price of DKK 144.20 per share. Each RSU represents a contingent right to receive one Class A Common Share of the Issuer. |
| 7. The RSUs vested and were settled on May 20, 2026 upon vesting, with each RSU representing the right to receive one Class A Common Share. |
| Remarks: |
| U.S. dollar amounts are translated from Danish kroner at the applicable exchange rates on the respective transaction dates. |
| /s/ Jacob Balslev Meldgaard | 05/20/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
| * Form 4: SEC 1474 (03-26) | ||