Alexander C. Hadjipateras, Dorian LPG's EVP at Dorian LPG (USA) LLC, recently acquired 14,944 shares of the company. The buys took place at prices ranging from $0.00 to $13.10 per share, on August 05, 2021. Hadjipateras now owns 79,457 shares of the company. Hadjipateras operates out of Stamford, CT. Some additional info was provided as follows:
Restricted Stock Award (the "August 2021 Restricted Stock Award"), pursuant to which the applicable restricted shares shall vest ratably and in three equal installments commencing with, and on the subsequent anniversaries of, August 5, 2021 (the "Grant Date"). Notwithstanding the foregoing, the restricted shares (the "Vesting Shares") to be issued to the Reporting Person that are eligible to vest on August 5, 2023 (the "Sc heduled Vesting Date") shall vest when and only if the volume weighted average price of the Issuer's common shares
(continued from footnote 1) over any consecutive 15-day period prior to the final business day of the tenth fiscal quarter following the Grant Date of the Vesting Shares, as reported on Bloomberg (or on such other internationally recognized financial information provider), equals or exceeds, 95% of the book value of an Issuer share, which shall be determined (in good faith by the management of the Issuer) in respect of the Scheduled Vesting Date, as of the first business day of the fiscal quarter immediately preceding the Scheduled Vesting Date.
In connection with the vesting of a portion of the August 2021 Restricted Stock Award (6,000 shares) on August 5, 2021, 1,881 shares were withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations.
Represents 1,175 shares reacquired to satisfy tax withholding obligations in connection with the vesting of 3,750 shares of restricted stock granted to the Reporting Person on August 5, 2019.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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