An announcement from Dorian LPG (LPG) is now available.
The Compensation Committee has rewarded key officers of the company for their contributions in the last fiscal year with cash bonuses, restricted shares, and salary increases. Not previously detailed in the annual report, these compensations include cash bonuses ranging from $300,000 to $1,400,000, and restricted shares between 25,000 to 84,500 units, set to vest over the next three years. Additionally, these executives received substantial salary hikes, effective April 1, 2024, with the highest increase raising an annual salary from $650,000 to $750,000. These financial decisions underscore the company’s recognition of its executives’ valuable impact on its performance.
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