John Lycouris - Sep 15, 2023 Form 4 Insider Report for DORIAN LPG LTD. (LPG)

Role
CEO of Dorian LPG (USA) LLC, Director
Signature
By: /s/ John Lycouris
Stock symbol
LPG
Transactions as of
Sep 15, 2023
Transactions value $
-$31,536
Form type
4
Date filed
9/19/2023, 04:27 PM
Previous filing
Aug 8, 2023
Next filing
Dec 5, 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 +5K +3.74% $0.00 139K Sep 15, 2023 Direct F1
transaction LPG Common Shares, $0.01 par value per share Tax liability -$31.5K -1.16K -0.83% $27.28 138K Sep 15, 2023 Direct F2
holding LPG Common Shares, $0.01 par value per share 200K Sep 15, 2023 By Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Award (the "September 2023 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in two equal installments on September 15, 2023 and August 5, 2024. Notwithstanding the foregoing, the restricted shares to be issued to the Reporting Person that are eligible to vest on August 5, 2024 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 September 2023 Restricted Stock Award (2,500 shares) on September 15, 2023, 1,156 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3 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.