Dorian LPG (NYSE: LPG) grants CFO 26,432 shares, withholds shares for taxes
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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Insights
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Insider Trade Summary
| 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 |
Footnotes (4)
- 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.
- 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.
- 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.
- 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.
Key Figures
Key Terms
Restricted Stock Award financial
vest ratably financial
tax withholding obligations financial
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