Dorian LPG (LPG) CFO Theodore Young Receives Restricted Stock; Shares Withheld

What Happened
Theodore B. Young, CFO of Dorian LPG (LPG), received a new restricted stock award of 26,432 shares on August 5, 2026 (grant recorded at $0). Concurrently, the issuer withheld a total of 15,564 shares to satisfy tax-withholding obligations tied to vesting events, treated as dispositions at $43.05 per share for a combined value of approximately $670,030. The withholding related to (a) vested portions of the August 2026 award (8,811 shares vested; 4,083 withheld, net 4,728 delivered) and (b) withholding to cover taxes from prior awards (5,098 and 6,383 shares reacquired).

Key Details

• Transaction date: August 5, 2026. Award recorded at $0.00 per share; withholding/dispositions recorded at $43.05 per share.
  • Award: 26,432 shares acquired (A) — $0 total reported value.
  • Withheld/disposed (F): 5,098 shares ($219,469); 6,383 shares ($274,788); 4,083 shares ($175,773). Total withheld = 15,564 shares (~$670,030).
• Shares owned after transaction: Not specified in the information provided in this excerpt of the Form 4.
• Footnotes:
  • F1: New August 2026 Restricted Stock Award vests in three equal annual installments beginning Aug 5, 2026.
  • F2–F4: Describe share reacquisitions/withholdings to satisfy tax withholding for prior grants (2024, 2025) and the 2026 vesting.
• Filing timeliness: Report filed Aug 7, 2026 for transactions on Aug 5, 2026 (no late filing indicated based on provided dates).

Context
These transactions reflect a restricted stock grant with routine issuer withholding to cover tax liabilities (a form of cashless tax withholding), not open-market sales. Withheld shares are disposals for reporting purposes but are standard administrative actions when awards vest; they do not necessarily indicate a change in insider sentiment.