Kalborg Ted 4
4 · DORIAN LPG LTD. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Dorian LPG (LPG) Director Ted Kalborg Receives 6,543-Share Award
What Happened
Ted Kalborg, a non-employee director of Dorian LPG Ltd. (LPG), was granted 6,543 common shares on March 31, 2026 as compensation for board and committee service. The Form 4 reports the shares as acquired at $0.00 per share (award), with an aggregate grant value of about $175,833 based on the issuer's calculation.
Key Details
- Transaction date and type: 2026-03-31 — Award/grant (code A). Reported acquisition price: $0.00 per share.
- Shares granted: 6,543 common shares. Aggregate stated value used by issuer: $175,833.
- How value was calculated: issuer divided $175,833 by a blended VWAP of $26.8726 for the year ended 3/31/2026 and rounded down to the nearest whole share.
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Filing timing: Form 4 was filed 2026-04-28 for a 2026-03-31 grant (filed ~28 days after the transaction), which is beyond the standard two-business-day Form 4 reporting window.
Context
This was a routine director compensation award, not an open-market purchase or sale. Such grants are common as part of non-employee director pay and do not by themselves indicate the insider is buying or selling shares for investment purposes. The filing shows no option exercise, sale, tax withholding, or 10b5-1 plan related to this transaction.
Insider Transaction Report
- Award
Common Shares, $0.01 par value per share
[F1]2026-03-31+6,543→ 81,721 total
Footnotes (1)
- [F1]In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for his service on certain committees of the Issuer's Board of Directors, the Reporting Person has been granted common shares. The number of common shares granted represents the quotient of (A) $175,833 divided by (B) a blended volume weighted average price of $26.8726 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.