Torm ( (TRMD) ) just unveiled an announcement.
On April 11, 2025, TORM plc announced the granting of 148,027 adjustment Restricted Stock Units (RSUs) to certain employees and 33,559 RSUs to Executive Director Jacob Meldgaard. These RSUs are part of the company’s long-term incentive program, reflecting dividend payments since the original grant dates in 2022 and 2023. This move is expected to enhance employee retention and align executive interests with shareholder value, potentially impacting TORM’s operational stability and market positioning.
More about Torm
TORM is a leading global carrier of refined oil products, operating a fleet of product tanker vessels. Established in 1889, the company is committed to safety, environmental responsibility, and customer service. TORM’s shares are listed on Nasdaq in Copenhagen and New York.
YTD Price Performance: -19.19%
Average Trading Volume: 1,121,256
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.41B
Learn more about TRMD stock on TipRanks’ Stock Analysis page.