Dorian LPG Ltd. Executive Compensation Details Revealed
Ticker: LPG · Form: DEF 14A · Filed: Jul 29, 2024 · CIK: 1596993
| Field | Detail |
|---|---|
| Company | Dorian Lpg LTD. (LPG) |
| Form Type | DEF 14A |
| Filed Date | Jul 29, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 20 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-compensation, DEF 14A, equity-awards
TL;DR
Dorian LPG's exec comp filing is out, showing equity award details for PEO and non-PEO/non-NEO folks.
AI Summary
Dorian LPG Ltd. filed its DEF 14A on July 29, 2024, detailing executive compensation for the fiscal year ending March 31, 2024. The filing includes information on equity awards granted to its principal executive officer (PEO) and non-PEO/non-NEO members, with details on the fair value of outstanding and unvested awards, as well as changes in fair value for awards vested during the covered year.
Why It Matters
This filing provides transparency into how Dorian LPG Ltd. compensates its top executives, which can influence investor decisions and perceptions of corporate governance.
Risk Assessment
Risk Level: low — This is a routine DEF 14A filing providing standard executive compensation disclosures.
Key Numbers
- 2024-03-31 — Fiscal Year End (Reporting period for compensation data)
- 2023-04-01 — Fiscal Year Start (Reporting period for compensation data)
Key Players & Entities
- DORIAN LPG LTD. (company) — Filer
- 0001596993 (company) — Central Index Key
- 20240729 (date) — Filing Date
- 20240920 (date) — Period of Report
- 0331 (date) — Fiscal Year End
FAQ
What is the total value of equity awards granted to the Principal Executive Officer (PEO) during the fiscal year ending March 31, 2024?
The filing indicates data points related to 'YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember' and 'EqtyAwrdsInSummryCompstnTblForAplblYrMember' for PEO members, but specific dollar amounts are not provided in this excerpt.
What is the fair value of unvested equity awards held by non-PEO/non-NEO members as of the fiscal year end?
The filing references 'YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember' for NonPeoNeoMember, but the specific value is not detailed in this provided text.
When did the equity awards granted in prior years vest during the covered fiscal year?
The filing includes data for 'ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember' for PEO members, indicating that vesting information is tracked, but specific dates are not in this excerpt.
What was the change in fair value of outstanding and unvested equity awards granted in prior years for non-PEO/non-NEO members?
The filing mentions 'ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember' for NonPeoNeoMember, suggesting this data is available, but the exact figures are not present in the provided text.
What is the filing date of this DEF 14A for Dorian LPG Ltd.?
The filing date for this DEF 14A for Dorian LPG Ltd. is 20240729.
Filing Stats: 4,947 words · 20 min read · ~16 pages · Grade level 13.5 · Accepted 2024-07-29 16:15:30
Filing Documents
- lpg-20240920xdef14a.htm (DEF 14A) — 1046KB
- lpg-20240920xdef14a_a001.jpg (GRAPHIC) — 3KB
- lpg-20240920xdef14a_a002.jpg (GRAPHIC) — 5KB
- lpg-20240920xdef14a_bg001.jpg (GRAPHIC) — 120KB
- lpg-20240920xdef14a_bg002.jpg (GRAPHIC) — 107KB
- lpg-20240920xdef14a_cg001.jpg (GRAPHIC) — 155KB
- lpg-20240920xdef14a_cg002.jpg (GRAPHIC) — 106KB
- 0001558370-24-010283.txt ( ) — 3153KB
- lpg-20240920.xsd (EX-101.SCH) — 5KB
- lpg-20240920_def.xml (EX-101.DEF) — 44KB
- lpg-20240920_lab.xml (EX-101.LAB) — 5KB
- lpg-20240920_pre.xml (EX-101.PRE) — 4KB
- lpg-20240920xdef14a_htm.xml (XML) — 277KB
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters 23 Proposal 2 To Ratify the Selection of Deloitte Certified Public Accountants S.A. as the Company's Independent Registered Public Accounting Firm for the Year Ending March 31, 2025 25 Audit Fees 25 Audit Committee Pre-Approval Policies and Procedures 25 Proposal 3 Advisory Vote to Approve the Compensation of our Named Executive Officers 26 Director Compensation 27
Executive Compensation
Executive Compensation 28 Compensation Discussion and Analysis 28 General 28 Role of the Compensation Committee 29 Role of the CEO in Setting CEO and Other Executives' Compensation 30 Elements of the Fiscal Year 2025 Executive Officer Compensation Program 31 Retirement Benefits 34 Summary Compensation Table 36 Narrative Disclosure to the Summary Compensation Table 36 Equity Compensation 36 2014 Equity Incentive Plan 39 Equity Compensation Plans Table 40 Retirement Benefits 40 2014 Executive Severance and Change in Control Severance Plan 40 Compensation Committee Interlocks and Insider Participation 44 Certain Relationships and Related Transactions and Director Independence 44 Delinquent Section 16(A) Reports 46 Shareholder Proposals for 2025 Annual Meeting of Shareholders 46 Other Business 46 Annual Report 47 Appendix A — Reconciliation of Non-GAAP Financial Measures 48 PROXY STATEMENT PROXY SOLICITATION AND VOTING INFORMATION The Board of Directors (the "Board" or "Board of Directors") of Dorian LPG Ltd. ("we," "us," "our," the "Company" or "Dorian") solicits your proxy for our 2024 Annual Meeting of Shareholders (the "Annual Meeting") to be held at 11:00 AM EDT on September 20, 2024 at the offices of Dorian, located at 27 Signal Road, Stamford, CT 06902, and for any adjournment or postponement of the meeting, for the purposes set forth in the Notice of Annual Meeting of Shareholders (the "Notice"). Questions and Answers About the Annual Meeting and Voting Why am I receiving these proxy materials? This Proxy Statement is furnished in connection with the solicitation by the Board of Directors of proxies to be voted at the Annual Meeting for the purposes set forth in the accompanying notice, and at any adjournments or postponements thereof. This Proxy Statement is being sent to all of our shareholders of record as of the close of business on July 22, 2024 for use at the Annual Meeting. This Proxy