TORM sets chair fee at EUR 150,000 under 2026 remuneration policy

TORM set a new remuneration policy following the April 15, 2026 annual meeting, intended to run for three years.

• Board chair fee set at EUR 150,000 per year; board observer role remains unpaid.
• Executive annual bonus capped at 120% of base salary, with malus and clawback provisions.
• Bonus structure includes company-set performance metrics up to 70% of the CEO’s base salary, with up to 50% discretionary.
• Long-term incentives include share options, restricted share units, and other share-based awards with a minimum three-year vesting period.