Companies Dorian LPG Ltd
Dorian LPG (LPG): executive pay, fiscal 2026
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CEO vs. named peers71st pct.Of 8 peer CEOs
CEO pay, last three years
- $4,296,185FY2024
- $5,304,620FY2025
- $6,311,926FY2026
CEO total pay was $6,311,926 in fiscal 2026, up from $5,304,620 in fiscal 2025.
FY2026: salary $750,000 · bonus $1,316,000 · stock awards $2,876,051 · option awards $0
Executives and directors
Alexander Hadjipateras · COOJohn Hadjipateras · CEOJohn Lycouris · ExecutiveTheodore Young · CFOTim Hansen · CCOChristina Tan · Independent DirectorMalcolm McAvity · Independent DirectorMarit Lunde · Independent DirectorMark Ross · Independent DirectorØivind Lorentzen · Independent DirectorTed Kalborg · Independent Director
Frequently asked questions
Who was the highest-paid executive at Dorian LPG Ltd in fiscal 2026?
As disclosed, John Hadjipateras (President, Chairman, and Chief Executive Officer) was the highest-paid executive at Dorian LPG Ltd in fiscal 2026, with total compensation of $6,311,926.
How does Dorian LPG Ltd's chief executive pay compare to its disclosed peer group?
As disclosed, John Hadjipateras's total compensation ranked at the 71st percentile of Dorian LPG Ltd's disclosed peer group.
How did shareholders vote on Dorian LPG Ltd's executive compensation?
As disclosed, 87.54% of shareholders supported Dorian LPG Ltd's executive compensation in the latest say-on-pay vote.
How much does Dorian LPG Ltd spend in total on board compensation for fiscal 2026?
As disclosed, Dorian LPG Ltd reported total board compensation of $1,319,369 for fiscal 2026.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| John Hadjipateras | $750,000 | $1,316,000 | $2,876,051 | $0 | $1,359,375 | $0 | $10,500 | $6,311,926 |
| President, Chairman, and Chief Executive Officer | ||||||||
| Tim Hansen | 644,248 | 1,048,234 | 1,456,714 | 0 | 1,167,699 | 0 | 151,357 | 4,468,252 |
| Chief Commercial Officer | ||||||||
| Theodore Young | 600,000 | 1,053,500 | 1,673,330 | 0 | 1,087,500 | 0 | 10,500 | 4,424,830 |
| Treasurer and Chief Financial Officer | ||||||||
| John Lycouris | 600,000 | 1,053,500 | 1,464,164 | 0 | 1,087,500 | 0 | 10,500 | 4,215,664 |
| Head of Energy Transition and Chief Executive Officer, Dorian LPG (USA) LLC | ||||||||
| Alexander Hadjipateras | 425,000 | 744,100 | 1,037,101 | — | 770,313 | — | 10,500 | 2,987,014 |
| Chief Operating Officer, Senior Executive Vice President Dorian LPG (USA) LLC and Managing Director Dorian LPG Management Corp. | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2026 total | FY2025 total | FY2024 total | Δ FY2025→2026 |
|---|---|---|---|---|
| John Hadjipateras | $6,311,926 | $5,304,620 | $4,296,185 | ↑ +1,007,306 |
| Tim Hansen | 4,468,252 | 2,283,918 | 2,077,534 | ↑ +2,184,334 |
| Theodore Young | 4,424,830 | 2,390,505 | 2,049,790 | ↑ +2,034,325 |
| John Lycouris | 4,215,664 | 2,279,025 | 2,001,200 | ↑ +1,936,639 |
| Alexander Hadjipateras | 2,987,014 | 1,854,062 | 1,552,820 | ↑ +1,132,952 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
Our executive compensation program is crafted to attract, retain, and motivate top-tier leaders who drive our company’s strategic goals. We aim to foster a culture of performance, alignment, and accountability while ensuring our pay practices remain competitive and adaptable to the unique demands of our industry.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | — |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
Equity grants and outstanding awards
Grants of plan-based awards — fiscal year 2026
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| Alexander C. Hadjipateras | RSU | 2025-08-05 | — | — | 25,613 | — | $787,856 |
| John C. Hadjipateras | PSU | 2025-08-05 | 4,440 | 8,879 | — | 17,758 | 418,112 |
| Tim Hansen | RSU | 2025-08-05 | — | — | 35,976 | — | 1,106,622 |
| John Lycouris | PSU | 2025-08-05 | 2,260 | 4,520 | — | 9,040 | 139,035 |
| Theodore Young | PSU | 2025-08-05 | 2,583 | 5,166 | — | 10,332 | 243,267 |
| Alexander C. Hadjipateras | PSU | 2025-08-05 | 1,601 | 3,201 | — | 6,402 | 98,463 |
| John C. Hadjipateras | RSU | 2025-08-05 | — | — | 71,029 | — | 2,184,852 |
| Tim Hansen | PSU | 2025-08-05 | 2,249 | 4,497 | — | 8,994 | 211,764 |
| John Lycouris | PSU | 2025-08-05 | 2,260 | 4,520 | — | 9,040 | 212,847 |
| John Lycouris | RSU | 2025-08-05 | — | — | 36,160 | — | 1,112,282 |
| Theodore Young | RSU | 2025-08-05 | — | — | 41,326 | — | 1,271,188 |
| Alexander C. Hadjipateras | PSU | 2025-08-05 | 1,601 | 3,202 | — | 6,404 | 150,782 |
| John C. Hadjipateras | PSU | 2025-08-05 | 4,439 | 8,878 | — | 17,756 | 273,087 |
| Tim Hansen | PSU | 2025-08-05 | 2,249 | 4,497 | — | 8,994 | 138,328 |
| Theodore Young | PSU | 2025-08-05 | 2,583 | 5,165 | — | 10,330 | 158,875 |
Vehicle mix — grant-date fair value by award type
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| Alexander C. Hadjipateras | $787,856 | $249,245 | $0 | 24.0% |
| John C. Hadjipateras | 2,184,852 | 691,199 | 0 | 24.0% |
| Tim Hansen | 1,106,622 | 350,092 | 0 | 24.0% |
| John Lycouris | 1,112,282 | 351,882 | 0 | 24.0% |
| Theodore Young | 1,271,188 | 402,142 | 0 | 24.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
Outstanding equity awards at fiscal year-end 2026
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Hadjipateras | RSU | 4,802 | — | $164,228 |
| Tim Hansen | RSU | 6,746 | — | 230,713 |
| John Lycouris | RSU | 6,780 | — | 231,876 |
| Theodore Young | RSU | 7,748 | — | 264,982 |
| Tim Hansen | RSU | 8,333 | — | 284,989 |
| John Lycouris | RSU | 10,000 | — | 342,000 |
| Hadjipateras | RSU | 10,000 | — | 342,000 |
| Theodore Young | RSU | 11,000 | — | 376,200 |
| Hadjipateras | RSU | 13,318 | — | 455,476 |
| Hadjipateras | RSU | 17,075 | — | 583,965 |
| Tim Hansen | RSU | 23,984 | — | 820,253 |
| John Lycouris | RSU | 24,106 | — | 824,425 |
| Theodore Young | RSU | 27,550 | — | 942,210 |
| Hadjipateras | RSU | 28,166 | — | 963,277 |
| Hadjipateras | RSU | 47,352 | — | 1,619,438 |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Malcolm McAvityIndependent · Nominating and Corporate Governance (Chair) · Audit | $0 | $228,593 | — | — | — | $228,593 |
| Ted KalborgIndependent · Compensation (Chair) | 0 | 223,771 | — | — | — | 223,771 |
| Marit LundeIndependent · Nominating and Corporate Governance · Compensation | 0 | 222,266 | — | — | — | 222,266 |
| Christina TanIndependent · Nominating and Corporate Governance · Audit | 0 | 222,266 | — | — | — | 222,266 |
| Øivind LorentzenIndependent · Audit (Chair) | 0 | 215,939 | — | — | — | 215,939 |
| Mark RossIndependent · Compensation · Audit | 0 | 206,534 | — | — | — | 206,534 |
| John C. LycourisEmployee director | — | — | — | — | — | 0 |
| John C. HadjipaterasEmployee director · Board Chair | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $0 |
|---|---|
| Annual equity retainer | $155,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 15,000 / 15,000 / 15,000 |
| Stock ownership guideline | — |
Total cost of the board
| Component | FY2026 |
|---|---|
| Cash retainers and fees | $0 |
| Equity awards (grant-date value) | $1,319,369 |
| All other compensation | $0 |
| Total cost of the board | $1,319,369 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names Dorian LPG as a peer
Companies that benchmark against LPG
7 companies name LPG as a compensation peer
- Aris Mining CorpARISFY2024
- Delek US Holdings, Inc.DKFY2025
- Excelerate Energy, Inc.EEFY2025
- GENCO SHIPPING & TRADING LTDGNKFY2025
- International Seaways, Inc.INSWFY2025
- SEACOR Marine Holdings Inc.SMHIFY2025
- TIDEWATER INCTDWFY2025
Each company listed discloses LPG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named LPG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
Disclosed peer group — fiscal year 2026
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
OII Oceaneering International, Inc.PANL Pangaea Logistics Solutions Ltd.VTOL Bristow Group, Inc.HLX Helix Energy Solutions Group, Inc.SMHI SEACOR Marine Holdings Inc. Kirby CorporationINSW International Seaways, Inc.MATX Matson, Inc.
Peer reciprocity
The companies Dorian LPG Ltd names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Oceaneering International, Inc. | 2025 | Roderick Larson | $910,000 | $2,027,796 | $0 | $4,282,425 | $7,735,670 |
| 2 | Matson, Inc. | 2025 | Matthew Cox | 963,696 | 4,016,507 | 0 | 1,231,344 | 6,490,287 |
| 3 | Dorian LPG Ltd | 2026 | John Hadjipateras | 750,000 | 2,876,051 | 0 | 1,359,375 | 6,311,926 |
| 4 | Bristow Group, Inc. | 2025 | Christopher Bradshaw | 800,000 | 3,584,607 | 0 | 1,291,200 | 5,706,605 |
| 5 | Helix Energy Solutions Group, Inc. | 2025 | Owen Kratz | 800,000 | 3,838,519 | 0 | 420,000 | 5,067,269 |
| 6 | International Seaways, Inc. | 2025 | Lois Zabrocky | 800,000 | 2,618,159 | 0 | 1,037,000 | 4,505,569 |
| 7 | Seacor Marine Holdings Inc. | 2025 | John Gellert | 600,000 | 1,360,322 | 0 | 0 | 2,724,322 |
| 8 | Pangaea Logistics Solutions Ltd. | 2025 | Mark Filanowski | 600,000 | 0 | 0 | 0 | 1,237,359 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Dorian LPG Ltd | not disclosed | not disclosed | not disclosed | not disclosed |
| Bristow Group, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Helix Energy Solutions Group, Inc. | 35% | PSU 50 · RSU 50 | Yes — TSR relative to performance peer group | WTW (Willis Towers Watson) |
| International Seaways, Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
| Matson, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pay Governance LLC |
| Oceaneering International, Inc. | 124% | not disclosed | Yes — Relative TSR | Meridian Compensation Partners, LLC |
| Pangaea Logistics Solutions Ltd. | not disclosed | not disclosed | not disclosed | Lyons, Benenson & Company, Inc. |
| Seacor Marine Holdings Inc. | not disclosed | not disclosed | not disclosed | not disclosed |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2025 | 2025-09-05 | 22,773,361 | 3,242,848 | 769,215 | 87.54% | Passed |
| 2024 | 2024-09-20 | 25,563,426 | 2,503,804 | 111,199 | 91.08% | Passed |
| 2023 | 2023-09-13 | 22,884,427 | 2,027,994 | 140,357 | 91.86% | Passed |
| 2022 | 2022-09-27 | 26,281,078 | 1,913,834 | 213,873 | 93.21% | Passed |
| 2020 | 2020-10-28 | 39,727,840 | 1,670,249 | 734,224 | 95.97% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2025 | 2025-09-05 | 87.54%a |
| 2024 | 2024-09-20 | 91.08%b |
| 2023 | 2023-09-13 | 91.86%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (44 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, John Hadjipateras. DEF 14A, filed 2026-07-27. Section “Summary Compensation Table” · page 52. As printed: 6,311,926. View filing ↗
- Section 01, Tim Hansen. DEF 14A, filed 2026-07-27. Section “Summary Compensation Table” · page 52. As printed: 4,468,252. View filing ↗
- Section 01, Theodore Young. DEF 14A, filed 2026-07-27. Section “Summary Compensation Table” · page 52. As printed: 4,424,830. View filing ↗
- Section 01, John Lycouris. DEF 14A, filed 2026-07-27. Section “Summary Compensation Table” · page 52. As printed: 4,215,664. View filing ↗
- Section 01, Alexander Hadjipateras. DEF 14A, filed 2026-07-27. Section “Summary Compensation Table” · page 52. As printed: 2,987,014. View filing ↗
- Section 03, Alexander C. Hadjipateras RSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John C. Hadjipateras PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Tim Hansen RSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Lycouris PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Theodore Young PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Alexander C. Hadjipateras PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John C. Hadjipateras RSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Tim Hansen PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Lycouris PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John Lycouris RSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Theodore Young RSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Alexander C. Hadjipateras PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, John C. Hadjipateras PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Tim Hansen PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 03, Theodore Young PSU. DEF 14A, filed 2026-07-27. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
- Section 08, Malcolm McAvity. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 228,593. View filing ↗
- Section 08, Ted Kalborg. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 223,771. View filing ↗
- Section 08, Marit Lunde. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 222,266. View filing ↗
- Section 08, Christina Tan. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 222,266. View filing ↗
- Section 08, Øivind Lorentzen. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 215,939. View filing ↗
- Section 08, Mark Ross. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 206,534. View filing ↗
- Section 08, John C. Lycouris. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 08, John C. Hadjipateras. DEF 14A, filed 2026-07-27. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-09-11. Item 5.07 · say-on-pay result. As reported: 87.54% (votes for as printed: 22,773,361). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-09-23. Item 5.07 · say-on-pay result. As reported: 91.08% (votes for as printed: 25,563,426). View filing ↗
- Section 06, 2023 vote. Form 8-K, filed 2023-09-14. Item 5.07 · say-on-pay result. As reported: 91.86% (votes for as printed: 22,884,427). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
- Section 09b board cost (computed). Computed. Cash 0 + equity 1,319,369 + all other 0 = 1,319,369, summed across the director compensation table rows.
- Oceaneering International, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. View filing ↗
- Matson, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-09. CEO total compensation as printed in Matson, Inc.'s own proxy. As printed: 6,490,287. View filing ↗
- Dorian LPG Ltd (subject), Section 10b CEO total. DEF 14A, filed 2026-07-27. CEO total compensation as printed in Dorian LPG Ltd's own proxy. As printed: 6,311,926. View filing ↗
- Bristow Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-20. CEO total compensation as printed in Bristow Group, Inc.'s own proxy. As printed: 5,706,605. View filing ↗
- Helix Energy Solutions Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. View filing ↗
- International Seaways, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in International Seaways, Inc.'s own proxy. As printed: 4,505,569. View filing ↗
- Seacor Marine Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-16. CEO total compensation as printed in Seacor Marine Holdings Inc.'s own proxy. As printed: 2,724,322. View filing ↗
- Pangaea Logistics Solutions Ltd., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Pangaea Logistics Solutions Ltd.'s own proxy. As printed: 1,237,359. View filing ↗
- Section 10a, SEACOR Marine Holdings Inc. reciprocity. DEF 14A. SEACOR Marine Holdings Inc. names Dorian LPG Ltd in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, International Seaways, Inc. reciprocity. DEF 14A. International Seaways, Inc. names Dorian LPG Ltd in its own disclosed peer group (read from its most recent proxy). View filing ↗