John Lycouris - Aug 5, 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
Aug 5, 2023
Transactions value $
-$355,740
Form type
4
Date filed
8/8/2023, 04:45 PM
Previous filing
Jun 20, 2023
Next filing
Sep 19, 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 +30K +25.79% $0.00 146K Aug 5, 2023 Direct F1
transaction LPG Common Shares, $0.01 par value per share Tax liability -$169K -5.95K -4.06% $28.33 140K Aug 5, 2023 Direct F2
transaction LPG Common Shares, $0.01 par value per share Tax liability -$112K -3.97K -2.82% $28.33 136K Aug 5, 2023 Direct F3
transaction LPG Common Shares, $0.01 par value per share Tax liability -$74.9K -2.64K -1.94% $28.33 134K Aug 5, 2023 Direct F4
holding LPG Common Shares, $0.01 par value per share 200K Aug 5, 2023 By Trust F5
* 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 two 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, 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 August 2023 Restricted Stock Award (15,000 shares) on August 5, 2023, 5,948 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
F3 Represents 3,965 shares reacquired 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, 2022.
F4 Represents 2,644 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 6,666 shares of restricted stock granted to the Reporting Person on August 5, 2021.
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.