Grant of Restricted Share Units as part of TORM’s incentive program
The Board of Directors has as part of a long-term incentive program decided to grant certain employees (“Participants”) adjustment RSUs following exercise of 24,812 original RSUs granted in 2021 and 2022 to reflect the payment of dividend since the relevant grant date. The Participants will be granted a total of 2,671 RSUs in the form of restricted stock options. These adjustment RSUs will not be subject to further dividend adjustment and will have to be exercised within the same exercise window as they were issued. They will have a strike price of one US cent. Transfer restrictions