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TRMDTORM plc · Insider ownership research

TORM plc insiders sold $19.2M since March 18, 2026. How much of their stake is that?

0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Jacob Meldgaard (Chief Executive Officer, Director), sold $17.6M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 16, 2026 from SEC filings · covers Mar 18, 2026 to Oct 16, 2026

Officers and directors of non-US companies only began filing Forms 3 and 4 on March 18, 2026 (a new SEC rule), so this page covers the period since then. Their 10% holders still do not file. The SEC rule

1
buyer among officers and directors (1 trade), since March 18, 2026
0%
of sales were under disclosed trading plans, since March 18, 2026
2 of 5
officers and directors sold shares, since March 18, 2026
Latest filing: Filed Sep 25 for a vesting on Sep 24. Jacob Meldgaard had 85K shares vest or be exercised. Filing
SEC ownership filings: 15 filed from Mar 18, 2026 to Oct 16, 2026; 15 on record since Mar 18, 2026 · See the evidence

What stands out

Two officers sold $19.2M with no disclosed plan: Jacob Meldgaard ($17.6M) and Kim Balle ($1.6M). The filings don't state a reason.Jacob Meldgaard: largest such sale, May 18, 2026 · Kim Balle: largest such sale, Sep 18, 2026
Kim Balle bought 254 shares, first on Aug 27, 2026. These are the first purchases by current officers or directors in the filings on record.Purchase, Aug 27, 2026

A share of stake is shown for 0 of the 2 officers and directors who sold. 5 are left out

i
Left out: Jacob Meldgaard, Christopher Boehringer, Kim Balle, Lars Christensen and Jesper Jensen (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, since March 18, 2026. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Jacob Meldgaard
Chief Executive Officer, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$17.6MNo plan disclosed
Kim Balle
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$1.6MNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Mar 2026 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
MarAprMay 2026: $17.6M no plan disclosed$17.6MMayJunJulAugSep 2026: $1.6M no plan disclosedSepOct

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026
Sep 22, 2026Kim Balle sold 7.5K shares ($274K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Kim Balle
Chief Financial Officer
7,533$36.35n/an/aSep 22, 2026Sep 24, 2026
Sep 21, 2026Kim Balle sold 15K shares ($586K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Kim Balle
Chief Financial Officer
15,000$39.08n/an/aSep 21, 2026Sep 24, 2026
Sep 18, 2026Kim Balle sold 20K shares ($783K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Kim Balle
Chief Financial Officer
20,000$39.16n/an/aSep 18, 2026Sep 24, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the TORM plc CEO selling stock?

Yes. Jacob Meldgaard sold 549K shares ($17.6M) since March 18, 2026, none of it under a trading plan disclosed in the filings.

Why are TORM plc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any TORM plc insiders buying?

Yes. 1 officer or director reported 1 purchase since March 18, 2026 (Form 4 code P; rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust are not counted).

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Jacob Meldgaard
Chief Executive Officer, Director
$17.6M
549K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Kim Balle
Chief Financial Officer
$1.6M
43K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 5 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Mar 17, 2026SoldHeld Oct 16, 2026Still held
Jacob Meldgaard
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jacob Meldgaard are complete.
Chief Executive Officer, Director
n/a−549Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jacob Meldgaard

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jacob Meldgaard are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Christopher Boehringer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Christopher Boehringer are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Christopher Boehringer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Boehringer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Kim Balle
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Kim Balle are complete.
Chief Financial Officer
n/a−43Kn/an/a
Vesting, gifts, unvested awards and holding lines for Kim Balle

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kim Balle are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Lars Christensen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Lars Christensen are complete.
Head of Projects
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Lars Christensen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Lars Christensen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jesper Jensen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jesper Jensen are complete.
Head of Technical Division
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jesper Jensen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jesper Jensen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for TORM plc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$19.2M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $19.2M across 591,680 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $19.2M

Sales with no 10b5-1 plan and no tax reference in the filing. $17.6M of it is Jacob Meldgaard. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Jacob Meldgaard, May 18, 2026

Purchases · 1 buyer (1 trade)

1 officer or director bought shares in this period, in 1 trade(Form 4 code P, leaving out rows the filings describe as reinvested dividends, plan purchases, private deals or moves into the person's own trust). Across all their filings on record there is 1 purchase trade.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Jacob Meldgaard
Chief Executive Officer, Director
549K$17.6M0%91%May 18, 2026 to May 20, 2026
Kim Balle
Chief Financial Officer
43K$1.6M0%9%Sep 18, 2026 to Sep 22, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$17.6M$0$0$17.6M
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$0$0$0$0
Sep 2026$1.6M$0$0$1.6M
Oct 2026$0$0$0$0
Known gaps and uncertainty5 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for TORM plc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology15 filings on record, 15 filed since March 18, 2026, and how we read them

All 15 Forms 3, 4 and 5 on record for TORM plc (SEC CIK 1655891), filed from Mar 18, 2026 to Oct 8, 2026; 15 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (4)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Simon SmithNo balance on record
Par TrappNo balance on record
Annette JustadNo balance on record
Janice BrownNo balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.