Velarion · Company Intelligence
Compensation Brief
Fiscal year 2026 · Filings through 2026-07-27

Dorian LPG (LPG)

CEO John Hadjipateras was paid $6,311,926 in fiscal year 2026, ↑ up 19.0% from fiscal year 2025, the 71st percentile of its disclosed peer group (SEC filing 0001104659-26-087088 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$6,311,926 ↑
John Hadjipateras total, FY2026
71st
CEO pay percentile vs peers
—
CEO-to-median pay ratio
87.54%
Say-on-pay support, latest vote

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LPG's next annual pay disclosure, estimated August 1, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2026

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
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 Hansen644,2481,048,2341,456,71401,167,6990151,3574,468,252
Chief Commercial Officer
Theodore Young600,0001,053,5001,673,33001,087,500010,5004,424,830
Treasurer and Chief Financial Officer
John Lycouris600,0001,053,5001,464,16401,087,500010,5004,215,664
Head of Energy Transition and Chief Executive Officer, Dorian LPG (USA) LLC
Alexander Hadjipateras425,000744,1001,037,101—770,313—10,5002,987,014
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 officerFY2026 totalFY2025 totalFY2024 totalΔ FY2025→2026
John Hadjipateras$6,311,926$5,304,620$4,296,185↑ +1,007,306
Tim Hansen4,468,2522,283,9182,077,534↑ +2,184,334
Theodore Young4,424,8302,390,5052,049,790↑ +2,034,325
John Lycouris4,215,6642,279,0252,001,200↑ +1,936,639
Alexander Hadjipateras2,987,0141,854,0621,552,820↑ +1,132,952

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against LPG
7 companies name LPG as a compensation peer

The list of companies that name LPG as a peer is temporarily unavailable — recheck shortly.

01b

Executives — the named officers

One page per officer: the same table above, read for one person at a time — his own figure and every fiscal year the register holds.

ExecutiveRoleFY2026 total
Alexander HadjipaterasCOO$2,987,014
John HadjipaterasCEO$6,311,926
John LycourisExecutive$4,215,664
Theodore YoungCFO$4,424,830
Tim HansenCCO$4,468,252
01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2026 total
Christina TanIndependent Director$222,266
Malcolm McAvityIndependent Director$228,593
Marit LundeIndependent Director$222,266
Mark RossIndependent Director$206,534
Øivind LorentzenIndependent Director$215,939
Ted KalborgIndependent Director$223,771
02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

03

Grants of plan-based awards — fiscal year 2026

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Alexander C. HadjipaterasRSU2025-08-05——25,613—$787,856
John C. HadjipaterasPSU2025-08-054,4408,879—17,758418,112
Tim HansenRSU2025-08-05——35,976—1,106,622
John LycourisPSU2025-08-052,2604,520—9,040139,035
Theodore YoungPSU2025-08-052,5835,166—10,332243,267
Alexander C. HadjipaterasPSU2025-08-051,6013,201—6,40298,463
John C. HadjipaterasRSU2025-08-05——71,029—2,184,852
Tim HansenPSU2025-08-052,2494,497—8,994211,764
John LycourisPSU2025-08-052,2604,520—9,040212,847
John LycourisRSU2025-08-05——36,160—1,112,282
Theodore YoungRSU2025-08-05——41,326—1,271,188
Alexander C. HadjipaterasPSU2025-08-051,6013,202—6,404150,782
John C. HadjipaterasPSU2025-08-054,4398,878—17,756273,087
Tim HansenPSU2025-08-052,2494,497—8,994138,328
Theodore YoungPSU2025-08-052,5835,165—10,330158,875
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Alexander C. Hadjipateras$787,856$249,245$024.0%
John C. Hadjipateras2,184,852691,199024.0%
Tim Hansen1,106,622350,092024.0%
John Lycouris1,112,282351,882024.0%
Theodore Young1,271,188402,142024.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2026

ExecutiveAwardShares unvestedExercise priceMarket value unvested
HadjipaterasRSU47,352—$1,619,438
HadjipaterasRSU10,000—342,000
HadjipaterasRSU28,166—963,277
Theodore YoungRSU27,550—942,210
John LycourisRSU24,106—824,425
Tim HansenRSU23,984—820,253
HadjipaterasRSU17,075—583,965
HadjipaterasRSU13,318—455,476
Theodore YoungRSU11,000—376,200
John LycourisRSU10,000—342,000
Tim HansenRSU8,333—284,989
Theodore YoungRSU7,748—264,982
John LycourisRSU6,780—231,876
Tim HansenRSU6,746—230,713
HadjipaterasRSU4,802—164,228
05

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 policytrue
Anti-hedging—
Anti-pledging—
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-09-0522,773,3613,242,848769,21587.54%Passed
20242024-09-2025,563,4262,503,804111,19991.08%Passed
20232023-09-1322,884,4272,027,994140,35791.86%Passed
20222022-09-2726,281,0781,913,834213,87393.21%Passed
20202020-10-2839,727,8401,670,249734,22495.97%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 yearMeeting dateApproval — company's computation
20252025-09-0587.54%a
20242024-09-2091.08%b
20232023-09-1391.86%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.

08

Director compensation — fiscal year 2026

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Malcolm McAvityIndependent · Nominating and Corporate Governance (Chair) · Audit$0$228,593———$228,593
Ted KalborgIndependent · Compensation (Chair)0223,771———223,771
Marit LundeIndependent · Nominating and Corporate Governance · Compensation0222,266———222,266
Christina TanIndependent · Nominating and Corporate Governance · Audit0222,266———222,266
Øivind LorentzenIndependent · Audit (Chair)0215,939———215,939
Mark RossIndependent · Compensation · Audit0206,534———206,534
John C. LycourisEmployee director—————0
John C. HadjipaterasEmployee director · Board Chair—————0
09

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—
09b

Total cost of the board

ComponentFY2026
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.

10

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.

10a

Peer reciprocity

Of the companies Dorian LPG names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Dorian LPG.

10b

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.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Oceaneering International, Inc.2025Roderick Larson$910,000$2,027,796$0$4,282,425$7,735,670
2Matson, Inc.2025Matthew Cox963,6964,016,50701,231,3446,490,287
3Dorian LPG2026John Hadjipateras750,0002,876,05101,359,3756,311,926
4Bristow Group, Inc.2025Christopher Bradshaw800,0003,584,60701,291,2005,706,605
5Helix Energy Solutions Group, Inc.2025Owen Kratz800,0003,838,5190420,0005,067,269
6International Seaways, Inc.2025Lois Zabrocky800,0002,618,15901,037,0004,505,569
7SEACOR Marine Holdings Inc.2025John Gellert600,0001,360,322002,724,322
8Pangaea Logistics Solutions Ltd.2025Mark Filanowski600,0000001,237,359

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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Dorian LPGnot disclosednot disclosednot disclosednot disclosed
Bristow Group, Inc.not disclosednot disclosednot disclosednot disclosed
Helix Energy Solutions Group, Inc.35%PSU 50 · RSU 50Yes — TSR relative to performance peer groupWTW (Willis Towers Watson)
International Seaways, Inc.not disclosednot disclosednot disclosednot disclosed
Matson, Inc.not disclosedRSU 50 · PSU 50not disclosedPay Governance LLC
Oceaneering International, Inc.124%not disclosedYes — Relative TSRMeridian Compensation Partners, LLC
Pangaea Logistics Solutions Ltd.not disclosednot disclosednot disclosedLyons, Benenson & Company, Inc.
SEACOR Marine Holdings Inc.not disclosednot disclosednot disclosednot 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.

10d

Frequently asked questions

Who was the highest-paid executive at Dorian LPG in fiscal 2026?
As disclosed, John Hadjipateras (President, Chairman, and Chief Executive Officer) was the highest-paid executive at Dorian LPG in fiscal 2026, with total compensation of $6,311,926.
How does Dorian LPG'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's disclosed peer group.
How did shareholders vote on Dorian LPG's executive compensation?
As disclosed, 87.54% of shareholders supported Dorian LPG's executive compensation in the latest say-on-pay vote.
How much does Dorian LPG spend in total on board compensation for fiscal 2026?
As disclosed, Dorian LPG 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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, John HadjipaterasDEF 14A2026-07-270001104659-26-087088Section “Summary Compensation Table” · page 52. As printed: 6,311,926. Filing ↗machine: span 666994–667003
2Section 01, Tim HansenDEF 14A2026-07-270001104659-26-087088Section “Summary Compensation Table” · page 52. As printed: 4,468,252. Filing ↗machine: span 725992–726001
3Section 01, Theodore YoungDEF 14A2026-07-270001104659-26-087088Section “Summary Compensation Table” · page 52. As printed: 4,424,830. Filing ↗machine: span 706156–706165
4Section 01, John LycourisDEF 14A2026-07-270001104659-26-087088Section “Summary Compensation Table” · page 52. As printed: 4,215,664. Filing ↗machine: span 686636–686645
5Section 01, Alexander HadjipaterasDEF 14A2026-07-270001104659-26-087088Section “Summary Compensation Table” · page 52. As printed: 2,987,014. Filing ↗
6Section 03, Alexander C. Hadjipateras RSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 941831–941838
7Section 03, John C. Hadjipateras PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 821826–821833
8Section 03, Tim Hansen RSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 913342–913351
9Section 03, John Lycouris PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 844684–844691
10Section 03, Theodore Young PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 879012–879019
11Section 03, Alexander C. Hadjipateras PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 930344–930350
12Section 03, John C. Hadjipateras RSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 827323–827332
13Section 03, Tim Hansen PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 907408–907415
14Section 03, John Lycouris PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 850199–850206
15Section 03, John Lycouris RSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 856133–856142
16Section 03, Theodore Young RSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 884509–884518
17Section 03, Alexander C. Hadjipateras PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 936323–936330
18Section 03, John C. Hadjipateras PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 815873–815880
19Section 03, Tim Hansen PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 901893–901900
20Section 03, Theodore Young PSUDEF 14A2026-07-270001104659-26-087088Section “Executive Compensation” · grants of plan-based awards table. Filing ↗machine: span 873059–873066
21Section 08, Malcolm McAvityDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 228,593. Filing ↗machine: span 483335–483458
22Section 08, Ted KalborgDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 223,771. Filing ↗machine: span 476922–477045
23Section 08, Marit LundeDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 222,266. Filing ↗machine: span 481223–481346
24Section 08, Christina TanDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 222,266. Filing ↗machine: span 487625–487748
25Section 08, Øivind LorentzenDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 215,939. Filing ↗machine: span 479040–479163
26Section 08, Mark RossDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 206,534. Filing ↗machine: span 485516–485639
27Section 08, John C. LycourisDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 0. Filing ↗
28Section 08, John C. HadjipaterasDEF 14A2026-07-270001104659-26-087088Section “Director Compensation”. As printed: 0. Filing ↗
29Section 06, 2025 voteForm 8-K2025-09-110001596993-25-000046Item 5.07 · say-on-pay result. As reported: 87.54% (votes for as printed: 22,773,361). Filing ↗
30Section 06, 2024 voteForm 8-K2024-09-230001596993-24-000050Item 5.07 · say-on-pay result. As reported: 91.08% (votes for as printed: 25,563,426). Filing ↗
31Section 06, 2023 voteForm 8-K2023-09-140001596993-23-000056Item 5.07 · say-on-pay result. As reported: 91.86% (votes for as printed: 22,884,427). Filing ↗
32Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
33Section 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).machine: formula: sums + PSU ratio
34Section 09b board cost (computed)Computed——Cash 0 + equity 1,319,369 + all other 0 = 1,319,369, summed across the director compensation table rows.machine: formula: Σ = 1,319,369
35Oceaneering International, Inc., Section 10b CEO totalDEF 14A2026-04-020000073756-26-000073CEO total compensation as printed in Oceaneering International, Inc.'s own proxy. As printed: 7,735,670. Filing ↗machine: r2 · c14 · span 1452178–1452187
36Matson, Inc., Section 10b CEO totalDEF 14A2026-03-090001104659-26-025266CEO total compensation as printed in Matson, Inc.'s own proxy. As printed: 6,490,287. Filing ↗machine: span 960369–960378
37Dorian LPG (subject), Section 10b CEO totalDEF 14A2026-07-270001104659-26-087088CEO total compensation as printed in Dorian LPG's own proxy. As printed: 6,311,926. Filing ↗machine: span 666994–667003
38Bristow Group, Inc., Section 10b CEO totalDEF 14A2026-04-200001525221-26-000072CEO total compensation as printed in Bristow Group, Inc.'s own proxy. As printed: 5,706,605. Filing ↗machine: r3 · c27 · span 913777–913786
39Helix Energy Solutions Group, Inc., Section 10b CEO totalDEF 14A2026-04-010001140361-26-012501CEO total compensation as printed in Helix Energy Solutions Group, Inc.'s own proxy. As printed: 5,067,269. Filing ↗machine: r2 · c22 · span 1194229–1194239
40International Seaways, Inc., Section 10b CEO totalDEF 14A2026-04-290001140361-26-017661CEO total compensation as printed in International Seaways, Inc.'s own proxy. As printed: 4,505,569. Filing ↗machine: r2 · c27 · span 742611–742621
41SEACOR Marine Holdings Inc., Section 10b CEO totalDEF 14A2026-04-160001193125-26-159284CEO total compensation as printed in SEACOR Marine Holdings Inc.'s own proxy. As printed: 2,724,322. Filing ↗machine: r4 · c15 · span 379657–379666
42Pangaea Logistics Solutions Ltd., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021725CEO total compensation as printed in Pangaea Logistics Solutions Ltd.'s own proxy. As printed: 1,237,359. Filing ↗machine: span 270826–270835
43Section 10a, Oceaneering International, Inc. reciprocityDEF 14A—0000073756-26-000073Oceaneering International, Inc.'s most recent proxy was read; its disclosed peer group does not include Dorian LPG. Filing ↗
44Section 10a, Bristow Group, Inc. reciprocityDEF 14A—0001525221-26-000072Bristow Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Dorian LPG. Filing ↗
45Section 10a, Helix Energy Solutions Group, Inc. reciprocityDEF 14A—0001140361-26-012501Helix Energy Solutions Group, Inc.'s most recent proxy was read; its disclosed peer group does not include Dorian LPG. Filing ↗
46Section 10a, SEACOR Marine Holdings Inc. reciprocityDEF 14A—0001193125-26-159284SEACOR Marine Holdings Inc. names Dorian LPG in its own disclosed peer group (read from its most recent proxy). Filing ↗
47Section 10a, International Seaways, Inc. reciprocityDEF 14A—0001140361-25-016661International Seaways, Inc. names Dorian LPG in its own disclosed peer group (read from its most recent proxy). Filing ↗
48Section 10a, Matson, Inc. reciprocityDEF 14A—0001104659-26-025266Matson, Inc.'s most recent proxy was read; its disclosed peer group does not include Dorian LPG. Filing ↗

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