TORM plc CFO Kim Balle Acquires 42,533 Class A Shares via RSU Vesting

Executive Summary

On September 18, 2026, TORM plc ($TRMD) Chief Financial Officer Kim Balle filed a Form 4 disclosing the settlement and acquisition of 42,533 Class A Common Shares resulting from the vesting of Restricted Stock Units (RSUs) on September 17, 2026.

Key Transaction Highlights

• Insider: Kim Balle (Chief Financial Officer)
• Transaction Date: September 17, 2026
• Security: Class A Common Shares
• Transaction Code: M (Exercise or conversion of derivative security exempt under Rule 16b-3)
• Shares Acquired: 42,533 shares
• Stated Price per Share: $27.61 (DKK 170.80 equivalent)
• Total Transaction Value: $1,174,336.13
• Post-Transaction Direct Ownership: 43,043 Class A Common Shares (in addition to 254 shares held indirectly by spouse)
• Remaining Derivative Holdings: 382,700 RSUs

Analysis and Market Significance

This transaction reflects routine equity compensation settlement rather than an open-market purchase or sale. Because the acquisition resulted directly from the vesting and exercise of RSUs (Code M), it carries low informational impact regarding insider sentiment about future company performance.