Marex exec has 31,567 shares withheld for tax

CEO of Marex Solutions had shares withheld for taxes upon award vesting and continues to hold a substantial equity position.

Rhea-AI Filing Summary

Marex Group Ltd (MRX) reported that Nilesh Jethwa, CEO of Marex Solutions, had 31,567 Ordinary Shares withheld on September 7, 2026 to satisfy a tax withholding obligation related to vesting under the 2022 Annual Long Term Incentive Plan. The shares were not sold in the market, and he holds 282,950 Ordinary Shares directly afterward, including contingent rights under long‑term incentive and deferred bonus plan awards.

Insider Trade Summary

Tax Withholding: 31,567 shares

Tax Withholding 1 txn

Insider Jethwa Nilesh

Role CEO, Marex Solutions

Type	Security	Shares	Price	Value
Tax Withholding	Ordinary Shares F1, F2, F3	31,567	$78.27	$2.47M

Holdings After Transaction: Ordinary Shares — 282,950 shares (Direct)

Footnotes (3)

1. F1. Represents the number of ordinary shares withheld to satisfy the tax withholding obligation in connection with the vesting of shares underlying the Issuer's 2022 Annual Long Term Incentive Plan.
2. F2. The price reported represents the closing price of the Issuer's ordinary shares on the Nasdaq Stock Market LLC on September 4, 2026.
3. F3. The number of ordinary shares reported herein includes (i) 35,596 shares underlying the Issuer's 2022 Annual Long Term Incentive Plan, and (ii) 111,183 shares underlying deferred bonus plan awards previously granted to the Reporting Person. Each award represents a contingent right to receive one (1) ordinary share of the Issuer upon vesting and settlement of the applicable award.

Key Figures

Shares withheld for tax: 31,567 shares Reference share price: $78.27 per share Shares held after transaction: 282,950 shares +2 more

5 metrics

Shares withheld for tax 31,567 shares Ordinary Shares withheld on September 7, 2026 to satisfy tax withholding obligation

Reference share price $78.27 per share Closing price of Ordinary Shares on Nasdaq on September 4, 2026 used for tax withholding valuation

Shares held after transaction 282,950 shares Direct Ordinary Share holdings of Nilesh Jethwa following the tax‑withholding transaction

2022 LTIP underlying shares 35,596 shares Shares underlying Issuer's 2022 Annual Long Term Incentive Plan included in reported holdings

Deferred bonus plan underlying shares 111,183 shares Shares underlying deferred bonus plan awards included in reported holdings

Key Terms

tax withholding obligation, 2022 Annual Long Term Incentive Plan, deferred bonus plan awards, contingent right to receive one (1) ordinary share

4 terms

tax withholding obligation financial

"shares withheld to satisfy the tax withholding obligation in connection with the vesting"

2022 Annual Long Term Incentive Plan financial

"in connection with the vesting of shares underlying the Issuer's 2022 Annual Long Term Incentive Plan"

deferred bonus plan awards financial

"shares underlying deferred bonus plan awards previously granted to the Reporting Person"

Deferred bonus plan awards are payments promised to employees or executives that are earned now but paid out later, often only if certain performance goals are met or the employee remains with the company. For investors, they matter because they influence management’s incentives and company expenses over time—like a delayed paycheck that encourages someone to stay and meet targets—and can affect future cash needs, reported compensation costs, and potential share dilution.

contingent right to receive one (1) ordinary share financial

"Each award represents a contingent right to receive one (1) ordinary share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did MRX report for Nilesh Jethwa on September 7, 2026?

MRX reported that 31,567 Ordinary Shares were withheld from Nilesh Jethwa on September 7, 2026 to satisfy a tax withholding obligation arising from vesting under the 2022 Annual Long Term Incentive Plan.

Was the MRX Form 4 transaction an open-market sale of shares?

No. The filing states the transaction was a payment of tax liability by delivering or withholding securities in connection with vesting of long-term incentive awards, not an open‑market sale.

How many Marex Group (MRX) shares does Nilesh Jethwa hold after this transaction?

After the tax‑withholding transaction, Nilesh Jethwa directly holds 282,950 Ordinary Shares, which include shares underlying long-term incentive and deferred bonus plan awards reported as contingent rights to receive ordinary shares upon vesting and settlement.

At what price were the MRX shares valued for the tax withholding event?

The shares were valued using $78.27 per share, which the filing describes as the closing price of Marex Group’s Ordinary Shares on the Nasdaq Stock Market LLC on September 4, 2026.

Does the MRX Form 4 indicate use of a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5‑1 checkbox is not marked as being pursuant to a plan, and the footnotes describe the event as tax withholding tied to award vesting, rather than trading under a pre‑arranged 10b5‑1 plan.

What awards are included in Nilesh Jethwa’s reported MRX share holdings?

His reported 282,950 shares include 35,596 shares underlying the 2022 Annual Long Term Incentive Plan and 111,183 shares underlying deferred bonus plan awards, each representing a contingent right to receive one ordinary share upon vesting and settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/09/2026 - 04:06 PM EDT Accepted by SEC EDGAR 09/09/2026 - 04:05 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jethwa Nilesh

(Last) (First) (Middle)

C/O MAREX GROUP LIMITED, 155 BISHOPSGATE

(Street)

LONDON EC2M 3TQ

(City) (State) (Zip)

UNITED KINGDOM

(Country)

2. Issuer Name and Ticker or Trading Symbol
Marex Group Ltd [ MRX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, Marex Solutions

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/07/2026		F		31,567(1)	D	$78.27(2)	282,950(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of ordinary shares withheld to satisfy the tax withholding obligation in connection with the vesting of shares underlying the Issuer's 2022 Annual Long Term Incentive Plan.

2. The price reported represents the closing price of the Issuer's ordinary shares on the Nasdaq Stock Market LLC on September 4, 2026.

3. The number of ordinary shares reported herein includes (i) 35,596 shares underlying the Issuer's 2022 Annual Long Term Incentive Plan, and (ii) 111,183 shares underlying deferred bonus plan awards previously granted to the Reporting Person. Each award represents a contingent right to receive one (1) ordinary share of the Issuer upon vesting and settlement of the applicable award.

	/s/ Scott Linsley as Attorney-in-Fact, for Nilesh Jethwa	09/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)