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Torm ( (TRMD) ) has shared an announcement.
On September 23, 2025, TORM plc announced a significant allocation of Restricted Stock Units (RSUs) as part of its Long Term Incentive Program. The Board of Directors decided to grant a total of 1,293,434 RSUs to certain employees and 500,000 RSUs to Executive Director Jacob Meldgaard, with all units vesting on October 1, 2028. This move, calculated at a theoretical market value of USD 40 million, is expected to impact the company’s profit and loss statement over the next few years, reflecting TORM’s commitment to retaining key personnel and enhancing its competitive positioning in the industry.
The most recent analyst rating on (TRMD) stock is a Sell with a DKK92.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels with a strong focus on safety, environmental responsibility, and customer service. Founded in 1889, TORM conducts business worldwide and is listed on Nasdaq in Copenhagen and New York.
Average Trading Volume: 221,844
Current Market Cap: DKK13.73B
For detailed information about TRMD stock, go to TipRanks’ Stock Analysis page.