TORM plc Increases Share Capital Through RSU Exercise
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Source: Newsfilter
- Capital Increase: TORM plc has increased its share capital by 215,635 A-shares through the exercise of Restricted Share Units (RSUs), reflecting the company's proactive approach in its incentive program.
- Cash Subscription Details: Of the new shares, 14,206 were subscribed at DKK 0.07 per A-share, 85,067 at DKK 131.80, and 116,362 at DKK 144.40, indicating strong investor confidence in the company's future prospects.
- Shareholder Rights Changes: The capital increase was executed without pre-emption rights for existing shareholders, with all new shares being ordinary shares that grant dividend rights from the issuance date, potentially impacting shareholder structure and corporate governance.
- Listing Expectations: The new shares are expected to be listed on Nasdaq Copenhagen as soon as possible, which will enhance the company's market liquidity and investor interest, thereby strengthening its competitive position in the global refined oil transportation market.
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Analyst Views on TRMD
Wall Street analysts forecast TRMD stock price to fall
1 Analyst Rating
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 27.960
Low
14.09
Averages
14.09
High
14.09
Current: 27.960
Low
14.09
Averages
14.09
High
14.09
About TRMD
TORM plc is a United Kingdom-based shipping company. The Company owns and operates a fleet of product tankers. The Company’s segments include the Tanker segment, for which the services provided primarily comprise transportation of refined oil products, such as gasoline, jet fuel, and naphtha, and the Marine Engineering segment, for which the services provided primarily comprise developing and producing advanced and green marine equipment. Its wholly owned fleet of around 90 vessels is specifically configured to move energy and clean petroleum products from refineries to their customers. With vessels varying in size from 45,000 - 115,000 deadweight tonnage (DWT), it offers a range of product tankers. It is present in all large vessel classes in the product tanker market, with specific focus on the LR2, LR1, and MR vessel classes. Its vessels include TORM Hannah, TORM Hellerup, TORM Helene, TORM Hermia, TORM Signe, TORM Elizabeth, TORM Elise, TORM India, TORM Lilly, among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TORM plc CEO Stock Transaction Report
- Transaction Overview: TORM plc CEO Jacob Balslev Meldgaard exercised restricted share units on May 20, 2026, at DKK 131.8 per share for a total of 85,067 shares, indicating executive confidence in the company's future.
- Stock Sales Details: On May 18 and 20, 2026, Meldgaard sold 549,177 shares at prices of DKK 206.20 and DKK 205.16, totaling DKK 112,829,967, reflecting his strategic timing in the market.
- Transparency in Transactions: The reporting of these transactions aligns with TORM plc's commitment to transparency, ensuring that investors are promptly informed about executive stock activities, thereby enhancing market trust.
- Company Background: Founded in 1889, TORM plc is a leading carrier of refined oil products, committed to safety, environmental responsibility, and customer service, with shares listed in Copenhagen and New York, showcasing its international business presence.
See More
TORM plc Executive Stock Transaction Report
- Executive Transaction Notification: TORM plc CEO Jacob Balslev Meldgaard reported the exercise of restricted share units on May 20, 2026, involving 85,067 shares at a price of DKK 131.8 per share, indicating executive confidence in the company's future.
- Stock Sale Details: On May 18 and 20, 2026, Meldgaard sold 549,177 shares at prices ranging from DKK 205.16 to DKK 207.57, totaling DKK 112,829,967, reflecting the executive's timing strategy in the market.
- Transaction Venue: All transactions were conducted on Nasdaq Copenhagen, demonstrating the company's commitment to transparency and compliance, thereby enhancing investor trust.
- Company Background: Founded in 1889, TORM plc is a leading carrier of refined oil products, committed to safety, environmental responsibility, and customer service, continuously expanding its operations in the global market.
See More
TORM plc Increases Share Capital Through RSU Exercise
- Capital Increase: TORM plc has increased its share capital by 215,635 A-shares through the exercise of Restricted Share Units (RSUs), reflecting the company's proactive approach in its incentive program.
- Cash Subscription Details: Of the new shares, 14,206 were subscribed at DKK 0.07 per A-share, 85,067 at DKK 131.80, and 116,362 at DKK 144.40, indicating strong investor confidence in the company's future prospects.
- Shareholder Rights Changes: The capital increase was executed without pre-emption rights for existing shareholders, with all new shares being ordinary shares that grant dividend rights from the issuance date, potentially impacting shareholder structure and corporate governance.
- Listing Expectations: The new shares are expected to be listed on Nasdaq Copenhagen as soon as possible, which will enhance the company's market liquidity and investor interest, thereby strengthening its competitive position in the global refined oil transportation market.
See More
Torm Reports Q1 Profit Growth but Stock Drops
- Quarterly Profit Performance: Torm reported a Q1 profit of $1.21 per share, nearly doubling last year's $0.64, although it fell short of analyst expectations by $0.03, indicating improved profitability but disappointing market sentiment.
- Time Charter Earnings Growth: The company’s time charter equivalent earnings rose 33% year-over-year to $286 million, aligning with consensus estimates, demonstrating Torm's robust operational performance amid a recovering shipping market.
- Full-Year Guidance Upgrade: Torm raised its full-year TCE guidance to $1.15 billion to $1.45 billion and EBITDA guidance to $800 million to $1.1 billion, reflecting the company's optimistic outlook on future market conditions and confidence in business expansion.
- Fleet Expansion Plans: Torm is expanding its fleet by acquiring eight additional vessels, including six MR tanker resales scheduled for delivery in 2027 and 2028, and two 2015-built MR tankers due in Q2, increasing its fleet size from 95 to 103 vessels, thereby enhancing its competitive position in the market.
See More
TORM Declares $0.70 Interim Dividend in Line with Previous Distribution
- Dividend Declaration: TORM has declared an interim dividend of $0.70 per share, consistent with previous distributions, which represents 58% of net profit and reflects the company's distribution policy, indicating strong profitability and commitment to shareholders.
- Payment Date: The payment date for this dividend is set for June 11, 2026, benefiting all shareholders on record as of May 28, 2026, which enhances investor confidence in the company's future cash flows.
- Ex-Dividend Dates: The ex-dividend date for shares listed on Nasdaq OMX Copenhagen is May 27, 2026, while for those on Nasdaq New York, it is May 28, 2026, providing investors with a clear timeline to make informed investment decisions.
- Performance Outlook: TORM reported a GAAP EPS of $1.18 and revenue of $402 million, while also upgrading its full-year guidance, showcasing strong performance in the shipping and tanker markets, which may attract more investor interest.
See More
TORM Reports Q1 2026 Earnings with Strong Revenue Growth
- Strong Earnings Report: TORM achieved a GAAP EPS of $1.18 in Q1 2026, with revenue reaching $402 million, reflecting a 22.2% year-over-year growth that underscores the company's robust performance and enhanced profitability in the shipping sector.
- Time Charter Earnings Surge: The time charter equivalent earnings for the first quarter amounted to $286 million, a 33.7% increase from $214 million in the same period of 2025, indicating TORM's competitive edge and recovery in market demand for tanker services.
- Optimistic Financial Outlook: As of May 7, 2026, TORM has covered 57% of Q2 earning days at an average rate of $71,494 per day, with full-year TCE earnings now expected to exceed previous guidance, rising to a range of $1,150-$1,450 million from $850-$1,250 million.
- EBITDA Guidance Raised: The EBITDA forecast for the full year 2026 has been upgraded from $500-$900 million to $800-$1,100 million, reflecting the company's confidence in future market conditions and its ability to enhance profitability with the current fleet size.
See More
TORM plc CEO Stock Transaction Report
- Transaction Overview: TORM plc CEO Jacob Balslev Meldgaard exercised restricted share units on May 20, 2026, at DKK 131.8 per share for a total of 85,067 shares, indicating executive confidence in the company's future.
- Stock Sales Details: On May 18 and 20, 2026, Meldgaard sold 549,177 shares at prices of DKK 206.20 and DKK 205.16, totaling DKK 112,829,967, reflecting his strategic timing in the market.
- Transparency in Transactions: The reporting of these transactions aligns with TORM plc's commitment to transparency, ensuring that investors are promptly informed about executive stock activities, thereby enhancing market trust.
- Company Background: Founded in 1889, TORM plc is a leading carrier of refined oil products, committed to safety, environmental responsibility, and customer service, with shares listed in Copenhagen and New York, showcasing its international business presence.
See More
TORM plc Executive Stock Transaction Report
- Executive Transaction Notification: TORM plc CEO Jacob Balslev Meldgaard reported the exercise of restricted share units on May 20, 2026, involving 85,067 shares at a price of DKK 131.8 per share, indicating executive confidence in the company's future.
- Stock Sale Details: On May 18 and 20, 2026, Meldgaard sold 549,177 shares at prices ranging from DKK 205.16 to DKK 207.57, totaling DKK 112,829,967, reflecting the executive's timing strategy in the market.
- Transaction Venue: All transactions were conducted on Nasdaq Copenhagen, demonstrating the company's commitment to transparency and compliance, thereby enhancing investor trust.
- Company Background: Founded in 1889, TORM plc is a leading carrier of refined oil products, committed to safety, environmental responsibility, and customer service, continuously expanding its operations in the global market.
See More
TORM plc Increases Share Capital Through RSU Exercise
- Capital Increase: TORM plc has increased its share capital by 215,635 A-shares through the exercise of Restricted Share Units (RSUs), reflecting the company's proactive approach in its incentive program.
- Cash Subscription Details: Of the new shares, 14,206 were subscribed at DKK 0.07 per A-share, 85,067 at DKK 131.80, and 116,362 at DKK 144.40, indicating strong investor confidence in the company's future prospects.
- Shareholder Rights Changes: The capital increase was executed without pre-emption rights for existing shareholders, with all new shares being ordinary shares that grant dividend rights from the issuance date, potentially impacting shareholder structure and corporate governance.
- Listing Expectations: The new shares are expected to be listed on Nasdaq Copenhagen as soon as possible, which will enhance the company's market liquidity and investor interest, thereby strengthening its competitive position in the global refined oil transportation market.
See More
Torm Reports Q1 Profit Growth but Stock Drops
- Quarterly Profit Performance: Torm reported a Q1 profit of $1.21 per share, nearly doubling last year's $0.64, although it fell short of analyst expectations by $0.03, indicating improved profitability but disappointing market sentiment.
- Time Charter Earnings Growth: The company’s time charter equivalent earnings rose 33% year-over-year to $286 million, aligning with consensus estimates, demonstrating Torm's robust operational performance amid a recovering shipping market.
- Full-Year Guidance Upgrade: Torm raised its full-year TCE guidance to $1.15 billion to $1.45 billion and EBITDA guidance to $800 million to $1.1 billion, reflecting the company's optimistic outlook on future market conditions and confidence in business expansion.
- Fleet Expansion Plans: Torm is expanding its fleet by acquiring eight additional vessels, including six MR tanker resales scheduled for delivery in 2027 and 2028, and two 2015-built MR tankers due in Q2, increasing its fleet size from 95 to 103 vessels, thereby enhancing its competitive position in the market.
See More
TORM Declares $0.70 Interim Dividend in Line with Previous Distribution
- Dividend Declaration: TORM has declared an interim dividend of $0.70 per share, consistent with previous distributions, which represents 58% of net profit and reflects the company's distribution policy, indicating strong profitability and commitment to shareholders.
- Payment Date: The payment date for this dividend is set for June 11, 2026, benefiting all shareholders on record as of May 28, 2026, which enhances investor confidence in the company's future cash flows.
- Ex-Dividend Dates: The ex-dividend date for shares listed on Nasdaq OMX Copenhagen is May 27, 2026, while for those on Nasdaq New York, it is May 28, 2026, providing investors with a clear timeline to make informed investment decisions.
- Performance Outlook: TORM reported a GAAP EPS of $1.18 and revenue of $402 million, while also upgrading its full-year guidance, showcasing strong performance in the shipping and tanker markets, which may attract more investor interest.
See More
TORM Reports Q1 2026 Earnings with Strong Revenue Growth
- Strong Earnings Report: TORM achieved a GAAP EPS of $1.18 in Q1 2026, with revenue reaching $402 million, reflecting a 22.2% year-over-year growth that underscores the company's robust performance and enhanced profitability in the shipping sector.
- Time Charter Earnings Surge: The time charter equivalent earnings for the first quarter amounted to $286 million, a 33.7% increase from $214 million in the same period of 2025, indicating TORM's competitive edge and recovery in market demand for tanker services.
- Optimistic Financial Outlook: As of May 7, 2026, TORM has covered 57% of Q2 earning days at an average rate of $71,494 per day, with full-year TCE earnings now expected to exceed previous guidance, rising to a range of $1,150-$1,450 million from $850-$1,250 million.
- EBITDA Guidance Raised: The EBITDA forecast for the full year 2026 has been upgraded from $500-$900 million to $800-$1,100 million, reflecting the company's confidence in future market conditions and its ability to enhance profitability with the current fleet size.
See More
