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Dorian LPG (NYSE: LPG) COO granted 16,382 restricted shares; 6,086 used for tax

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

DORIAN LPG LTD.’s Chief Operating Officer, Alexander C. Hadjipateras, was granted 16,382 restricted common shares on August 5, 2026 under an August 2026 Restricted Stock Award that vests in three equal annual installments beginning August 5, 2026. On the same date, a total of 6,086 common shares at $43.05 per share were reacquired or withheld by the company to satisfy his tax withholding obligations upon vesting of restricted stock grants made in 2024, 2025 and from the August 2026 award.

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Negative

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Insider Hadjipateras Alexander C.
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Common Shares, $0.01 par value per share F1 16,382 $0.00 $0.00
Tax Withholding Common Shares, $0.01 par value per share F2 2,536 $43.05 $109K
Tax Withholding Common Shares, $0.01 par value per share F3 2,165 $43.05 $93K
Tax Withholding Common Shares, $0.01 par value per share F4 1,385 $43.05 $60K
Holdings After Transaction: Common Shares, $0.01 par value per share — 100,836 shares (Direct)
Footnotes (4)
  1. F1. Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2026.
  2. F2. Represents 2,536 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.
  3. F3. Represents 2,165 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 8,538 shares of restricted stock granted to the Reporting Person on August 5, 2025.
  4. F4. In connection with the vesting of a portion of the August 2026 Restricted Stock Award (5,461 shares) on August 5, 2026, 1,385 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
Restricted stock award 16,382 shares Restricted common shares granted to COO on August 5, 2026
Shares for 2024 grant taxes 2,536 shares Reacquired to satisfy tax withholding on 10,000 shares granted August 5, 2024
Shares for 2025 grant taxes 2,165 shares Reacquired to satisfy tax withholding on 8,538 shares granted August 5, 2025
Shares for 2026 award taxes 1,385 shares Withheld to satisfy tax withholding on 5,461 vested shares from August 2026 award
2024 restricted stock vesting 10,000 shares Restricted stock granted to the COO on August 5, 2024 that vested
2025 restricted stock vesting 8,538 shares Restricted stock granted to the COO on August 5, 2025 that vested
Portion of 2026 award vesting 5,461 shares Portion of August 2026 Restricted Stock Award that vested on August 5, 2026
Tax-withholding price $43.05 per share Price used for 6,086 shares withheld or reacquired for tax obligations
Restricted Stock Award financial
"Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
vest ratably financial
"the applicable restricted shares shall vest ratably and in three equal installments"
tax withholding obligations financial
"reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting"
reacquired by the Issuer financial
"Represents 2,536 shares reacquired by the Issuer to satisfy tax withholding obligations"

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FAQ

What stock award did DORIAN LPG (LPG) grant its COO on August 5, 2026?
DORIAN LPG granted COO Alexander C. Hadjipateras 16,382 restricted common shares on August 5, 2026. The August 2026 Restricted Stock Award will vest in three equal annual installments, starting on August 5, 2026 and continuing on the next two anniversaries.

How many DORIAN LPG (LPG) shares were withheld or reacquired for tax purposes?
A total of 6,086 common shares were withheld or reacquired at $43.05 per share to cover the COO’s tax withholding obligations. These relate to vesting restricted stock grants from 2024, 2025 and a portion of the August 2026 Restricted Stock Award.

Which prior restricted stock grants to the DORIAN LPG (LPG) COO vested in this period?
Footnotes show vesting of 10,000 shares from a 2024 grant, 8,538 shares from a 2025 grant, and 5,461 shares from the August 2026 Restricted Stock Award. Related 2,536, 2,165 and 1,385 shares were used to satisfy tax withholding.

Were the COO’s DORIAN LPG (LPG) share dispositions open-market sales?
No. The Form 4 uses code F and footnotes state that 2,536, 2,165 and 1,385 shares were reacquired or withheld by the issuer solely to satisfy tax withholding obligations tied to restricted stock vesting, rather than through open-market sales.

What price was used for DORIAN LPG (LPG) tax-withholding share transactions?
For the tax-withholding transactions, DORIAN LPG used a price of $43.05 per share. This price applied to the 6,086 common shares that were either reacquired by the issuer or withheld in connection with the COO’s restricted stock vesting events.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hadjipateras Alexander C.
(Last)(First)(Middle)
C/O DORIAN LPG (USA) LLC
27 SIGNAL ROAD
(Street)
STAMFORD CONNECTICUT 06902
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
DORIAN LPG LTD. [ LPG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Shares, $0.01 par value per share08/05/2026A16,382(1)A$0106,922D
Common Shares, $0.01 par value per share08/05/2026F2,536(2)D$43.05104,386D
Common Shares, $0.01 par value per share08/05/2026F2,165(3)D$43.05102,221D
Common Shares, $0.01 par value per share08/05/2026F1,385(4)D$43.05100,836D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2026.
2. Represents 2,536 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 10,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.
3. Represents 2,165 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 8,538 shares of restricted stock granted to the Reporting Person on August 5, 2025.
4. In connection with the vesting of a portion of the August 2026 Restricted Stock Award (5,461 shares) on August 5, 2026, 1,385 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
/s/ Alexander C. Hadjipateras08/07/2026
** Signature of Reporting PersonDate
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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR