Dorian LPG Ltd. has announced a new executive compensation plan aimed at aligning pay with company performance and enhancing transparency. The plan, adopted by the Board's Compensation Committee, introduces specific performance measures for the company's named executive officers. The revised structure includes an annual cash bonus formula based on three weighted metrics: 40% tied to the company's EBITDA, 25% based on safety metrics relative to industry standards, and 35% focused on individual performance assessments. This approach is designed to provide competitive incentives while mitigating excessive risk-taking. Payouts can range from 0% to 200% of base salary, offering a clear connection between executive compensation and company success. Further details will be disclosed in the company's upcoming Proxy Statement for the 2025 Annual Meeting of Shareholders.
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