BW LPG (NYSE: BWLP) CFO discloses share and stock option holdings

Rhea-AI Filing Summary

BW LPG Ltd Chief Financial Officer Samantha Wei Xu has filed an initial insider holdings report. It shows direct ownership of 2,000 Ordinary Shares of BW LPG Ltd.

She also holds three tranches of stock options, each covering 85,000 Ordinary Shares, with exercise prices of $9.48, $12.96, and $19.42 per share. These options become exercisable on March 1, 2027, March 1, 2028, and March 1, 2029, and expire on March 1, 2030, March 1, 2031, and March 1, 2032, respectively.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Wei Xu Samantha

(Last) (First) (Middle)

10 PASIR PANJANG ROAD

(Street)

#17-02 MAPLETREE BUSINESS CITY U0 117438

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
BW LPG Ltd [ BWLP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	2,000	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	03/01/2027	03/01/2030	Ordinary Shares	85,000	$9.48(1)	D
Stock Options	03/01/2028	03/01/2031	Ordinary Shares	85,000	$12.96(2)	D
Stock Options	03/01/2029	03/01/2032	Ordinary Shares	85,000	$19.42(3)	D

Explanation of Responses:

1. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 92.5905 to USD9.4822 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

2. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 126.559 to USD12.961 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

3. Reflects the exercise price as of the date of event of this Form 3, converted from NOK 189.6346 to USD19.420 based on an exchange rate of NOK 1 to USD0.1024 as of March 13, 2026. Pursuant to the terms of the issuer's Long-Term Incentive Plan, the exercise price is subject to adjustment upon the occurrence of certain events and has been adjusted since the date the options were granted to reflect quarterly cash dividends.

Remarks:

Ex. 24 - Power of Attorney

	/s/ Sharon Tiong, as attorney-in-fact for Samantha Wei Xu	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does BW LPG (BWLP) CFO Samantha Wei Xu report in this Form 3?

Samantha Wei Xu reports her initial ownership in BW LPG Ltd. The filing shows direct holdings of 2,000 Ordinary Shares and three stock option grants, each tied to 85,000 underlying Ordinary Shares at different exercise prices and future exercise and expiration dates.

How many BW LPG (BWLP) ordinary shares does the CFO directly own?

The CFO directly owns 2,000 Ordinary Shares of BW LPG Ltd. This figure reflects her current share position as reported, separate from any stock options, which represent potential future share ownership if exercised under the company’s long-term incentive plan.

What stock options does the BW LPG (BWLP) CFO hold according to the filing?

The CFO holds three stock option grants over 85,000 shares each. These options relate to Ordinary Shares with exercise prices of $9.48, $12.96, and $19.42 per share, each having specific future exercise dates and later expiration dates under the long-term incentive plan.

When can the BW LPG (BWLP) CFO exercise her reported stock options?

The CFO’s stock options become exercisable in stages starting in 2027. The options tied to 85,000 shares each are first exercisable on March 1, 2027, March 1, 2028, and March 1, 2029, providing a multi‑year vesting and exercise schedule.

What are the expiration dates of the BW LPG (BWLP) CFO’s stock options?

The reported stock options expire between 2030 and 2032. Specifically, the tranches tied to 85,000 underlying Ordinary Shares each expire on March 1, 2030, March 1, 2031, and March 1, 2032, if they are not exercised before those dates.

How were the BW LPG (BWLP) stock option exercise prices determined in the filing?

The exercise prices were converted from Norwegian kroner to U.S. dollars. Footnotes explain that prices like $9.48, $12.96, and $19.42 per share reflect NOK amounts converted using an exchange rate as of March 13, 2026, and adjusted for quarterly cash dividends.