Equity grant and tax share withholding for Dorian LPG (NYSE: LPG) executive
Rhea-AI Filing Summary
Dorian LPG director and Head of Energy Transition John Lycouris received a 23,128-share Restricted Stock Award on August 5, 2026, vesting in three equal annual installments beginning that date. On the same date, a total of 13,792 shares were withheld at $43.05 per share to cover tax obligations tied to vesting of restricted stock granted in 2024, 2025 and 2026. In addition, 200,000 shares are held indirectly through the Kyveli Trust, with Lycouris disclaiming beneficial ownership except for his pecuniary interest.
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Insights
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Insider Trade Summary
Net Buyer: 9,336 shares
Net Buy
5 txns
Insider
Lycouris John
Role
Head of Energy Transition
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares, $0.01 par value per share F1 | 23,128 | $0.00 | $0.00 |
| Tax Withholding | Common Shares, $0.01 par value per share F2 | 4,634 | $43.05 | $199K |
| Tax Withholding | Common Shares, $0.01 par value per share F3 | 5,585 | $43.05 | $240K |
| Tax Withholding | Common Shares, $0.01 par value per share F4 | 3,573 | $43.05 | $154K |
| holding | Common Shares, $0.01 par value per share F5 | -- | -- | -- |
Holdings After Transaction:
Common Shares, $0.01 par value per share — 167,275 shares (Direct);
Common Shares, $0.01 par value per share — 200,000 shares (Indirect, By Trust)
Footnotes (5)
- 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 4,634 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.
- F3. Represents 5,585 shares reacquired by the Issuer to satisfy tax withholding obligations in connection with the vesting of 12,053 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 (7,710 shares) on August 5, 2026, 3,573 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
- F5. Shares held by the Kyveli Trust (the "Trust"). The Reporting Person and other members of his family are the beneficiaries of the Trust. The Reporting Person disclaims all beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Restricted stock award: 23,128 shares
Tax-withholding shares (2024 grant vesting): 4,634 shares
Tax-withholding shares (2025 grant vesting): 5,585 shares
+3 more
6 metrics
Restricted stock award
23,128 shares
August 2026 Restricted Stock Award granted August 5, 2026 to John Lycouris
Tax-withholding shares (2024 grant vesting)
4,634 shares
Reacquired by issuer to satisfy tax withholding on vesting of 10,000-share grant awarded August 5, 2024
Tax-withholding shares (2025 grant vesting)
5,585 shares
Reacquired by issuer to satisfy tax withholding on vesting of 12,053-share grant awarded August 5, 2025
Tax-withholding shares (2026 award vesting portion)
3,573 shares
Withheld on August 5, 2026 for taxes on vesting of 7,710 shares from August 2026 Restricted Stock Award
Tax-withholding price
$43.05 per share
Price used for the three tax-withholding transactions on August 5, 2026
Indirect trust holdings
200,000 shares
Common shares held by the Kyveli Trust for benefit of John Lycouris and family
Key Terms
Restricted Stock Award, tax withholding obligations, beneficial ownership, pecuniary interest
4 terms
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.
tax withholding obligations financial
"shares reacquired by the Issuer to satisfy tax withholding obligations in connection"
beneficial ownership financial
"The Reporting Person disclaims all beneficial ownership of these securities"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did John Lycouris receive from DORIAN LPG (LPG)?
John Lycouris received a Restricted Stock Award of 23,128 Dorian LPG common shares on August 5, 2026. According to the grant terms, these restricted shares vest ratably in three equal installments beginning August 5, 2026 and on each of the next two anniversaries.
Were John Lycouris’s LPG transactions under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as adopted, and no footnote describes a trading plan. The reported entries instead reflect equity awards and related tax-withholding transactions, rather than discretionary open-market purchases or sales under a preset plan.