Company: LPG
Filing Date: 2025-07-22
Form Type: DEF 14A
Source: 0001558370-25-009356
Chunk: 48

Company: DORIAN LPG LTD.
Filing Date: 2025-07-22
Form: DEF 14A
Chunk 48
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 Equity compensation is a central element of our executive pay program and is designed to support our long-term business strategy, promote alignment with shareholder interests, and retain key leadership talent. The Compensation Committee believes that granting equity awards to executives helps foster a long-term ownership mindset, encourages decision-making that supports sustainable performance, and discourages excessive short-term risk-taking. The equity program is built around three key objectives. First, it aligns the interests of our executives with those of our shareholders by linking a meaningful portion of compensation to the performance of our stock. Second, it promotes long-term growth by rewarding executives for sustained contributions to company performance and shareholder value creation. And third, it helps ensure leadership stability by providing retention incentives that encourage continuity in our senior management team. Each year, the Compensation Committee determines the size of individual equity awards by considering a range of factors. These include the executive’s individual performance and contributions during the prior year, the scope and strategic

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importance of their role, and input from our Chief Executive Officer for executives other than himself. The Committee also reviews market data and peer company practices to ensure our equity grants remain competitive within the shipping industry and broader market. For Fiscal Year 2025, the Committee continued to use time-based restricted stock as the sole form of long-term equity compensation for our Named Executive Officers (NEOs). In a capital-intensive and often unpredictable industry like ours, time-based equity provides an effective balance of retention and motivation while also delivering a clear and direct link to shareholder value. On August 5, 2024, the Compensation Committee granted annual long-term equity awards for our NEOs. These awards vest in three equal installments: one-third on the grant date, with the remaining two-thirds vesting on the first and second anniversaries of the grant date. This vesting schedule is intended to recognize past contributions while reinforcing a continued commitment to the Company’s long-term strategic goals.

| ​                         
 ​                         
 Name                      | ​ 
 ​ 
 ​ | ​          
 ​          
 Grant Date | ​ 
 ​ 
 ​ |                                                  ​ 
 Restricted Stock Awards and Restricted Stock Units 
         Number of shares or units of stock granted | ​ 
 ​ | ​ 
 ​ |                                                    ​ 
 Grant date fair value of shares or units of stock(1) | ​ 
 ​ 
 ​ |
|:--------------------------|:--|:-----------|:--|---------------------------------------------------:|:--|:--|-----------------------------------------------------:|:--|
| John C. Hadjipateras      | ​ | 8/