BW LPG (NYSE: BWLP) grants 506,631 options as top executives exercise awards
Rhea-AI Filing Summary
BW LPG Limited reported new awards and exercises of share options under its long-term incentive plan LTIP 2022. On 3 March 2026, the Board approved a final annual award of 506,631 share options to senior management and certain employees.
Chief Executive Officer Kristian Sørensen received 220,647 options, Chief Financial Officer Samantha Xu 85,000 options, Chief Operations Officer Prodyut Banerjee 50,812 options, and Chief Technical Officer Knut-Helge Knutsen 50,812 options. On 4 March 2026, Sørensen exercised 220,647 options, Banerjee 50,812 options, and Knutsen 50,812 options. The exercises are settled with treasury shares, after which BW LPG holds 7,467,396 treasury shares.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2026.
Commission File Number: 001-42008
BW LPG Limited
(Translation of registrant’s name into English)
c/o BW LPG Holding Pte Ltd
10 Pasir Panjang Road,
#17-02 Mapletree Business City, Singapore
117438
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
DOCUMENTS TO BE FURNISHED AS PART OF THIS FORM 6-K
| Exhibit Number |
Exhibit Description | |
| 99.1 | Press release of BW LPG Limited dated March 6, 2026 – Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options | |
| 99.2 | 2026-03-06 MAR Forms – Award & Exercise of options |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BW LPG Limited | ||
| By: | /s/ Samantha Xu | |
| Name: | Samantha Xu | |
| Title: | Chief Financial Officer | |
Date: March 6, 2026
2
Exhibit 99.1
BW LPG Limited: Management Share Option Plan “LTIP 2022” – Award and Exercise of Share Options
Singapore, 6 March 2026
On 3 March 2026, the Board of Directors of BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code “BWLP) has approved the award of share options to senior management and certain employees of the Company.
This is the final annual award of share options under the five-year long-term management share option plan (“LTIP 2022”) which was launched on 1 March 2022. The options are awarded in connection with the publication of the quarterly report for Q4 2025 and the total number of options that are awarded in 2026 is 506,631.
On 4 March 2026, certain primary insiders have exercised vested share options. The exercised options will be settled by the Company by transfer of treasury shares which the Company has bought in the market for this purpose. Following the transfer, the Company will hold 7,467,396 treasury shares.
Please find more details as described below and in the attached forms.
Kristian Sorensen, Chief Executive Officer
Options granted in 2026: 220,647
Options (granted on 28 February 2023) exercised, each having a strike price of NOK 32.192: 120,647
Options (granted on 1 October 2023) exercised, each having a strike price of NOK 85.907: 100,000
Samantha Xu, Chief Financial Officer
Options granted in 2026: 85,000
Prodyut Banerjee, Chief Operations Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812
Knut-Helge Knutsen, Chief Technical Officer
Options granted in 2026: 50,812
Options (granted in 2023) exercised, each having a strike price of NOK 32.192: 50,812
For further information, please contact:
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of about 50 Very Large Gas Carriers (VLGCs), including 22 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide. Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, and water treatment.
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and article 19 of the EU Market Abuse Regulation.
Exhibit 99.2
Details of the person discharging managerial responsibilities/person closely associated 1 Kristian Sørensen Name a) Reason for the notification 2 Chief Executive Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Share options relating to the shares of BW LPG Limited with ISIN SGXZ69436764. Description of the financial instrument, type of instrument Identification code a) Acceptance of share options. Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 220,647 0 Acceptance of 220,647 share options for no consideration. A strike price must be paid upon exercise. Aggregated information — Aggregated volume — Price d) 2026 - 03 - 03 Date of the transaction e) Outside a trading venue Place of the transaction f) 1
Details of the person discharging managerial responsibilities/person closely associated 1 Kristian Sørensen Name a) Reason for the notification 2 Chief Executive Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Options relating to shares in BW LPG Limited with ISIN SGXZ69436764 Description of the financial instrument, type of instrument Identification code a) Exercise of options relating to shares in BW LPG Limited (ISIN SGXZ69436764) Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 120,647 NOK 32.192 100,000 NOK 85.907 Exercise of 220,647 options for a total of NOK 12,474,568 Aggregated information — Aggregated volume — Price d) 2026 - 03 - 04 Date of the transaction e) Outside a trading venue Place of the transaction f) 1
2 Details of the person discharging managerial responsibilities/person closely associated 1 Samantha Xu Name a) Reason for the notification 2 Chief Financial Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Share options relating to the shares of BW LPG Limited with ISIN SGXZ69436764. Description of the financial instrument, type of instrument Identification code a) Acceptance of share options. Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 85,000 0 Acceptance of 85,000 share options for no consideration. A strike price must be paid upon exercise. Aggregated information — Aggregated volume — Price d) 2026 - 03 - 03 Date of the transaction e) Outside a trading venue Place of the transaction f)
3 Details of the person discharging managerial responsibilities/person closely associated 1 Prodyut Banerjee Name a) Reason for the notification 2 Chief Operations Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Share options relating to the shares of BW LPG Limited with ISIN SGXZ69436764. Description of the financial instrument, type of instrument Identification code a) Acceptance of share options. Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 50,812 0 Acceptance of 50,812 share options for no consideration. A strike price must be paid upon exercise. Aggregated information — Aggregated volume — Price d) 2026 - 03 - 03 Date of the transaction e) Outside a trading venue Place of the transaction f)
3 Details of the person discharging managerial responsibilities/person closely associated 1 Prodyut Banerjee Name a) Reason for the notification 2 Chief Operations Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Options relating to shares in BW LPG Limited with ISIN SGXZ69436764 Description of the financial instrument, type of instrument Identification code a) Exercise of options relating to shares in BW LPG Limited (ISIN SGXZ69436764) Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 50,812 NOK 32.192 Exercise of 50,812 options for a total of NOK 1,635,740 Aggregated information — Aggregated volume — Price d) 2026 - 03 - 04 Date of the transaction e) Outside a trading venue Place of the transaction f)
4 Details of the person discharging managerial responsibilities/person closely associated 1 Knut - Helge Knutsen Name a) Reason for the notification 2 Chief Technical Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Share options relating to the shares of BW LPG Limited with ISIN SGXZ69436764. Description of the financial instrument, type of instrument Identification code a) Acceptance of share options. Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 50,812 0 Acceptance of 50,812 share options for no consideration. A strike price must be paid upon exercise. Aggregated information — Aggregated volume — Price d) 2026 - 03 - 03 Date of the transaction e) Outside a trading venue Place of the transaction f)
5 Details of the person discharging managerial responsibilities/person closely associated 1 Knut - Helge Knutsen Name a) Reason for the notification 2 Chief Technical Officer Position/status a) Initial notification Initial notification/Amendment b) Details of issuer 3 BW LPG Limited Name a) 5493006WBEME88YFDW23 LEI b) Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted 4 Options relating to shares in BW LPG Limited with ISIN SGXZ69436764 Description of the financial instrument, type of instrument Identification code a) Exercise of options relating to shares in BW LPG Limited (ISIN SGXZ69436764) Nature of the transaction b) Volume(s) Price(s) Price(s) and volume(s) c) 50,812 NOK 32.192 Exercise of 50,812 options for a total of NOK 1,635,740 Aggregated information — Aggregated volume — Price d) 2026 - 03 - 04 Date of the transaction e) Outside a trading venue Place of the transaction f)
FAQ
What did BW LPG (BWLP) announce in its March 2026 Form 6-K?
How many share options were granted under BW LPG’s LTIP 2022 in 2026?
Which BW LPG executives received new share option grants in 2026?
Which BW LPG share options were exercised and at what strike prices?
How were BW LPG’s exercised options settled and what are current treasury shares?
What is BW LPG’s LTIP 2022 management share option plan?
Filing Exhibits & Attachments
2 documents