Company: LPG
Filing Date: 2025-07-22
Form Type: DEF 14A
Source: 0001558370-25-009356
Chunk: 41

Company: DORIAN LPG LTD.
Filing Date: 2025-07-22
Form: DEF 14A
Chunk 41
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2025 (“Fiscal Year 2025”). It describes our compensation philosophy; the objectives of the executive compensation program in Fiscal Year 2025; the elements of the compensation program; and how each element fits into our overall compensation philosophy. Our named executive officers (or “NEOs”), consisting of our principal executive officer (“PEO”), principal financial officer (“PFO”), and our three most highly compensated executive officers other than our PEO and PFO for Fiscal Year 2025, are:

| ● | John C. Hadjipateras, President, Chief Executive Officer, and Chairman of the Board of Directors; |

| ● | Theodore B. Young, Chief Financial Officer; |

| ● | John C. Lycouris, Head of Energy Transition, Chief Executive Officer of Dorian LPG (USA) LLC and Director on the Board of Directors; |

| ● | Tim T. Hansen, Chief Commercial Officer and Managing Director of Dorian LPG (DK) ApS; and |

| ● | Alexander C. Hadjipateras, Chief Operating Officer, Senior Executive Vice President of Dorian LPG (USA) LLC and Managing Director of Dorian LPG Management Corp. |

Highlights for Fiscal Year 2025

| ◾ | Revenues of $353.3 million. |

| ◾ | TCE(1) per available day rate for our fleet of $39,778. |

| ◾ | Net income of $90.2 million, or $2.14 EPS, and adjusted net income(1) of $96.0 million, or $2.27 adjusted EPS(1). |

| ◾ | Adjusted EBITDA(1) of $206.0 million. |

| ◾ | Declared and paid four irregular dividends totaling $156.2 million. |

| ◾ | Issued 2,000,000 common shares at a price of $44.50 per share less underwriting discounts and commissions of $2.225 per share. |

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| (1)​ | TCE, adjusted net income, adjusted EPS and adjusted EBITDA are non-GAAP measures. Refer to the reconciliation of revenues to TCE, net income to adjusted net income, EPS to adjusted EPS and net income to adjusted EBITDA included in Appendix A. |

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Compensation Philosophy and Objectives Our executive compensation program is crafted to attract, retain, and motivate top-tier leaders who drive our company’s strategic