LPG · Dorian LPG Ltd.

0001104659-26-088672

Summary

Dorian LPG Ltd. amended its Executive Severance and Change in Control Severance Plan on July 24, 2026, to revise the Change in Control definition by removing certain carve-outs, aligning it with the equity incentive plan.

Key takeaways

The Board adopted the Amended and Restated Executive Severance and Change in Control Severance Plan, effective July 24, 2026.
The amendment modifies the definition of 'Change in Control' to remove specific carve-outs, aligning with the Company's 2014 Equity Incentive Plan.
The Severance Plan continues to provide severance benefits for named participants (Schedule A) subject to the updated terms.

Full analysis

This amendment is a routine alignment of the severance plan's change-in-control definition with the existing equity incentive plan, ensuring consistency in triggering events. No changes to benefit levels or participant eligibility were disclosed. The plan continues to cover four named executives including the CEO, CFO, and COO.