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Dorian LPG (NYSE: LPG) grants CFO 26,432 shares, withholds shares for taxes

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Form Type
4

Rhea-AI Filing Summary

DORIAN LPG LTD. reported equity compensation and related tax-withholding transactions involving its Chief Financial Officer, Theodore B. Young. On August 5, 2026, he received a Restricted Stock Award of 26,432 common shares, vesting in three equal annual installments starting on August 5, 2026.

On the same date, the issuer reacquired or withheld 5,098, 6,383 and 4,083 common shares at $43.05 per share to satisfy tax withholding obligations arising from the vesting of restricted stock granted on August 5, 2024 and August 5, 2025, and from the vesting of a portion (8,811 shares) of the August 2026 Restricted Stock Award. The filing indicates these transactions were not effected under a Rule 10b5-1 trading plan.

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Insider Young Theodore B.
Role Chief Financial Officer
Type Security Shares Price Value
Grant/Award Common Shares, $0.01 par value per share F1 26,432 $0.00 $0.00
Tax Withholding Common Shares, $0.01 par value per share F2 5,098 $43.05 $219K
Tax Withholding Common Shares, $0.01 par value per share F3 6,383 $43.05 $275K
Tax Withholding Common Shares, $0.01 par value per share F4 4,083 $43.05 $176K
Holdings After Transaction: Common Shares, $0.01 par value per share — 133,794 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 5,098 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 11,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.
  3. F3. Represents 6,383 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 13,775 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 (8,811 shares) on August 5, 2026, 4,083 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
Restricted stock award 26,432 shares Common shares granted to CFO on August 5, 2026 under August 2026 Restricted Stock Award
Tax withholding shares (2024 grant) 5,098 shares Reacquired by issuer at $43.05 per share for taxes on vesting of 11,000 restricted shares granted August 5, 2024
Tax withholding shares (2025 grant) 6,383 shares Reacquired by issuer at $43.05 per share for taxes on vesting of 13,775 restricted shares granted August 5, 2025
Tax withholding shares (2026 award portion) 4,083 shares Withheld by issuer at $43.05 per share for taxes on vesting of 8,811 shares from August 2026 award
Tax withholding price $43.05 per share Per-share value used for all August 5, 2026 tax-withholding transactions
Restricted Stock Award financial
"Restricted Stock Award (the "August 2026 Restricted Stock Award"), pursuant to which the applicable"
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
"August 2026 Restricted Stock Award, pursuant to which the applicable restricted shares shall vest ratably and in three equal installments"
tax withholding obligations financial
"Represents 5,098 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 11,000 shares"

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FAQ

What equity award did DORIAN LPG (LPG) grant its CFO on August 5, 2026?

The company granted CFO Theodore B. Young a Restricted Stock Award of 26,432 common shares on August 5, 2026. The award will vest ratably in three equal annual installments, beginning on August 5, 2026 and on the subsequent anniversaries of that date.

How many DORIAN LPG (LPG) shares were withheld or reacquired for the CFO's tax obligations?

On August 5, 2026, the issuer reacquired or withheld 5,098, 6,383 and 4,083 common shares at $43.05 per share. These shares covered tax withholding obligations from the vesting of restricted stock grants made in 2024, 2025, and a portion of the August 2026 award.

Which prior restricted stock grants to the DORIAN LPG (LPG) CFO vested in 2026?

Tax-withholding related transactions were tied to the vesting of 11,000 restricted shares granted on August 5, 2024 and 13,775 restricted shares granted on August 5, 2025, plus 8,811 shares from the August 2026 Restricted Stock Award vesting on August 5, 2026.

At what price were DORIAN LPG (LPG) shares valued for the CFO's tax-withholding transactions?

Each of the tax-withholding transactions used a value of $43.05 per share. The issuer reacquired or withheld the reported share amounts at this price to satisfy the CFO’s associated tax obligations upon vesting of multiple restricted stock awards.

Were the DORIAN LPG (LPG) CFO's August 2026 transactions under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked, indicating the August 5, 2026 equity award and related tax-withholding transactions were not effected pursuant to a Rule 10b5-1 trading plan, but rather occurred in connection with scheduled restricted stock vesting.
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*
Young Theodore B.

(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 Financial 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 share08/05/2026A26,432(1)A$0149,358D
Common Shares, $0.01 par value per share08/05/2026F5,098(2)D$43.05144,260D
Common Shares, $0.01 par value per share08/05/2026F6,383(3)D$43.05137,877D
Common Shares, $0.01 par value per share08/05/2026F4,083(4)D$43.05133,794D
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 5,098 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 11,000 shares of restricted stock granted to the Reporting Person on August 5, 2024.
3. Represents 6,383 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 13,775 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 (8,811 shares) on August 5, 2026, 4,083 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
/s/ Theodore B. Young08/07/2026
** 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)