Dorian LPG director granted 6,314 common shares
LORENTZEN OIVIND reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
LORENTZEN OIVIND reported acquisition or exercise transactions in this Form 4 filing.
DORIAN LPG LTD. director Øivind Lorentzen reported an equity grant of 6,314 common shares as compensation for his service as a non-employee director and committee member. The grant value was based on $170,000 divided by a volume weighted average price of $26.9235 for the year ended March 31, 2026.
After the grant, Lorentzen holds 15,506 common shares directly. He also has indirect ownership of 121,845 common shares through multiple trusts where he has voting and dispositive power, while disclaiming beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Grant/Award: 6,314 shares
Grant/Award
2 txns
Insider
LORENTZEN OIVIND
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, $0.01 par value per share | 6,314 | $0.00 | $0.00 |
| holding | Common Shares, $0.01 par value per share | -- | -- | -- |
Holdings After Transaction:
Common Shares, $0.01 par value per share — 15,506 shares (Direct);
Common Shares, $0.01 par value per share — 121,845 shares (Indirect, By trust)
Footnotes (2)
- F1. In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for his service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $170,000 divided by (B) the volume weighted average price of $26.9235 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.
- F2. Shares held in multiple trusts for which the Reporting Person is a beneficiary and over which the Reporting Person has voting and dispositive power. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and therefore inclusion of these securities shall not be deemed an admission of beneficial ownership by the Reporting Person of the reported securities for purposes of Section 16 or any other purpose.
Key Figures
Equity grant shares: 6,314 shares
Grant value: $170,000
Volume weighted average price: $26.9235
+3 more
6 metrics
Equity grant shares
6,314 shares
Common shares granted as director compensation
Grant value
$170,000
Used to calculate number of shares granted
Volume weighted average price
$26.9235
Average share price for year ended March 31, 2026
Grant price per share
$0.0000
Reported transaction price on equity grant
Direct holdings after grant
15,506 shares
Common shares held directly following the transaction
Indirect trust holdings
121,845 shares
Common shares held in multiple trusts
Key Terms
non-employee director, volume weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
non-employee director financial
"In connection with the Reporting Person's service as a non-employee director of the Issuer"
volume weighted average price financial
"divided by (B) the volume weighted average price of $26.9235 for the year"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership by the Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
dispositive power financial
"for which the Reporting Person is a beneficiary and over which the Reporting Person has voting and dispositive power"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Øivind Lorentzen report at DORIAN LPG (LPG)?
Øivind Lorentzen reported receiving 6,314 common shares of DORIAN LPG as an equity grant. The shares were awarded as compensation for his role as a non-employee director and his service on certain board committees, rather than through an open-market purchase.
What indirect DORIAN LPG holdings does Lorentzen report through trusts?
Lorentzen reports 121,845 DORIAN LPG common shares held in multiple trusts. He has voting and dispositive power over these trust-held shares but formally disclaims beneficial ownership beyond his pecuniary interest in them as described in the filing footnote.
What does Lorentzen’s disclaimer of beneficial ownership in the DORIAN LPG trusts mean?
Lorentzen’s disclaimer states he does not admit full beneficial ownership of the trust-held shares beyond his pecuniary interest. Although he has voting and dispositive power over these securities, he clarifies that such control does not imply full personal ownership for regulatory purposes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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