Tan Christina 4
4 · DORIAN LPG LTD. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Dorian LPG (LPG) Director Christina Tan Receives 6,499 Shares
What Happened
Christina Tan, a non-employee director of Dorian LPG Ltd. (LPG), was granted 6,499 common shares as board compensation on 2026-03-31. The Form 4 shows an acquisition price of $0.00 (award), but a footnote explains the grant represents $175,000 of compensation converted into shares using the volume-weighted average price (VWAP) of $26.9235 for the fiscal year ended March 31, 2026.
Key Details
- Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-28). The filing appears late relative to the typical 2-business-day reporting requirement.
- Shares granted: 6,499 common shares; reported acquisition price: $0.00 (award).
- Implied grant value: $175,000 divided by VWAP $26.9235 = ~6,499 shares (rounded down).
- Shares owned after transaction: not specified in the filing.
- Footnote: Grant equals $175,000 of director compensation converted to shares using the FY2026 VWAP; rounding to whole shares applied.
- Timeliness: Form filed ~4 weeks after the grant date (potential late filing).
Context
This was a routine equity award for board service (non-employee director compensation), not an open-market buy or sale. Such grants are common and reflect company compensation practices rather than an explicit buy/sell signal from the insider.
Insider Transaction Report
- Award
Common Shares, $0.01 par value per share
[F1]2026-03-31+6,499→ 103,776 total
Footnotes (1)
- [F1]In connection with the Reporting Person's service as a non-employee director of the Issuer, as well as for her 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) $175,000 divided by (B) the volume weighted average price of $26.9235 for the year ended March 31, 2026, rounding the number of shares down to the nearest whole common share.