Theodore B. Young - Aug 5, 2023 Form 4 Insider Report for DORIAN LPG LTD. (LPG)

Role
Chief Financial Officer
Signature
By: /s/ Theodore B. Young
Stock symbol
LPG
Transactions as of
Aug 5, 2023
Transactions value $
-$342,368
Form type
4
Date filed
8/8/2023, 04:41 PM
Previous filing
Jul 13, 2023
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPG Common Shares, $0.01 par value per share Award $0 +33K +37.58% $0.00 121K Aug 5, 2023 Direct F1
transaction LPG Common Shares, $0.01 par value per share Tax liability -$133K -4.69K -3.88% $28.33 116K Aug 5, 2023 Direct F2
transaction LPG Common Shares, $0.01 par value per share Tax liability -$133K -4.69K -4.04% $28.33 111K Aug 5, 2023 Direct F3
transaction LPG Common Shares, $0.01 par value per share Tax liability -$76.5K -2.7K -2.42% $28.33 109K Aug 5, 2023 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award (the "August 2023 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, 2023. Notwithstanding the foregoing, the restricted shares to be issued to the Reporting Person that are eligible to vest on August 5, 2025 shall vest subject to a vesting formula to be determined by the Compensation Committee of the Board of Directors of the Issuer.
F2 In connection with the vesting of a portion of the August 2023 Restricted Stock Award (11,000 shares) on August 5, 2023, 4,692 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3 Represents 4,692 shares reacquired 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, 2022.
F4 Represents 2,701 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 6,333 shares of restricted stock granted to the Reporting Person on August 5, 2021.