TORM plc
TRMD · Deep Sea Foreign Transportation of Freight · EDGAR filings ↗
Reference price $32.30 — last insider sale, 2026-05-20 (estimated from the dated SEC Form 4 price — not a live quote)
Grade
B71gen composite 57pct→71
Notable findings
- Strong balance sheetStrong balance sheet — $158M cash & investments
- China exposure• We are subject to the United Kingdom Bribery Act 2010, or UK Bribery Act, the FCPA and potentially other anti-corruption laws that apply in the countries where we do business, as well as export co
- Revenue declineRevenue -14.1% YoY
Key metrics
Operating margin
26.6%
Net margin
21.4%
Return on equity
13.0%
Return on assets
8.5%
ROIC
8.8%
Revenue growth (QoQ)
-14.1%
Net-income growth
-53.2%
Debt / equity
0.5×
Net debt / EBITDA
1.5×
Interest coverage
4.8×
Current ratio
1.3×
Free cash flow
$190M
EBITDA
$571M
Tangible book value
$2.2B
Cash & investments
$158M
Leadership & compensation
| Name | Role | Latest total comp |
|---|---|---|
| Meldgaard Jacob Balslev | Chief Executive Officer | — |
Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.
Insider transactions · last 6 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-20 | Meldgaard Jacob Balslev | Option exercise | 85K | $20.51 |
| 2026-05-20 | Meldgaard Jacob Balslev | Option exercise | 85K | $22.47 |
| 2026-05-20 | Meldgaard Jacob Balslev | Sell | 170K | $32.30 |
| 2026-05-18 | Meldgaard Jacob Balslev | Sell | 31K | $31.94 |
| 2026-05-18 | Meldgaard Jacob Balslev | Sell | 348K | $31.94 |
All non-derivative Form 4 activity (SEC), newest first.
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-02-26 | 2025-12-31 | 0001628280-26-011954 ↗ |
| 20-F | 2025-03-06 | 2024-12-31 | 0001655891-25-000013 ↗ |
| 20-F | 2024-03-07 | 2023-12-31 | 0001655891-24-000014 ↗ |
| 20-F | 2023-03-16 | 2022-12-31 | 0001104659-23-032987 ↗ |
| 20-F | 2022-03-23 | 2021-12-31 | 0001104659-22-037092 ↗ |
| 20-F | 2021-03-01 | 2020-12-31 | 0000919574-21-002122 ↗ |
| 20-F | 2020-03-11 | 2019-12-31 | 0000919574-20-002350 ↗ |
| 20-F | 2019-03-12 | 2018-12-31 | 0000919574-19-002309 ↗ |
| 20-F | 2018-03-08 | 2017-12-31 | 0000919574-18-002307 ↗ |