Company: LPG
Filing Date: 2025-07-22
Form Type: DEF 14A
Source: 0001558370-25-009356
Chunk: 46

Company: DORIAN LPG LTD.
Filing Date: 2025-07-22
Form: DEF 14A
Chunk 46
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, (iv) a base salary increase for Tim T. Hansen from DKK 3,900,000 to DKK 4,150,000,(2) and (v) a base salary increase for Alexander C. Hadjipateras from $370,000 to $425,000. The following table summarizes Fiscal Year 2025 base salaries for our NEOs.

| ​                         
 Name                      | ​ 
 ​ | ​                       
 Fiscal Year 2025 Salary |       ​ | ​ 
 ​ |
|:--------------------------|:--|:------------------------|--------:|:--|
| John C. Hadjipateras      | ​ | $                       | 750,000 | ​ |
| John C. Lycouris          | ​ | $                       | 600,000 | ​ |
| Theodore B. Young         | ​ | $                       | 600,000 | ​ |
| Tim T. Hansen(1)          | ​ | $                       | 601,750 | ​ |
| Alexander C. Hadjipateras | ​ | $                       | 425,000 | ​ |

| (1) | Based on a conversion rate of 1 DKK = 0.145 USD, which was the spot conversion rate used for purposes of the Committee’s approval of the applicable compensation item, Mr. Tim T. Hansen’s base salary increased from $565,500 to $601,750. |

Annual Cash Incentive Compensation Overview Our NEOs are eligible to receive annual cash incentive awards designed to recognize and reward performance against key business objectives. These short-term incentive opportunities serve to align management’s efforts with the Company’s strategic goals, driving both near-term execution and progress toward long-term value creation. Fiscal Year 2025 Incentive Structure For Fiscal Year 2025, the Compensation Committee evaluated NEO performance and approved discretionary annual cash bonuses based on a combination of quantitative and qualitative performance criteria. Performance Metrics and Weighting For Fiscal Year 2025, the following metrics were used as a reference framework in assessing bonus eligibility:

| ● | EBITDA (40%): Reflects the Company's core financial performance; |

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| ● | Safety (25%): Ensures operational safety remains at the core of the business; and |

| ● | Individual Performance (35%): – Assesses executive’s contribution to strategic priorities, leadership, and execution of role-specific responsibilities. |

Cash Bonus Awards for Fiscal Year 2025 Performance In recognition of the NEOs’ contributions to the