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Torm ( (TRMD) ) just unveiled an update.
On February 26, 2026, TORM’s board approved a new long-term incentive program granting 1,356,087 restricted share units in the form of stock options to certain employees for the 2025 financial year, each convertible into one A-share from 2027 at an exercise price of DKK 167.14. Executive Director Jacob Meldgaard will receive an additional 255,200 RSUs on similar terms, with the total theoretical value of the awards estimated at USD 10.9m and expected to be expensed through the income statement between 2026 and 2028, aligning management and staff incentives more closely with shareholder returns.
The most recent analyst rating on (TRMD) stock is a Sell with a DKK89.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM plc is one of the world’s leading carriers of refined oil products, operating a global fleet of product tankers with a focus on safety, environmental responsibility and customer service. Founded in 1889, the company conducts worldwide business and is dual-listed on Nasdaq Copenhagen and Nasdaq New York under the tickers TRMD A and TRMD.
Average Trading Volume: 184,017
Current Market Cap: DKK17.61B
Learn more about TRMD stock on TipRanks’ Stock Analysis page.