Jethwa Nilesh 4

What Happened

• Nilesh Jethwa, CEO of Marex Solutions (a division of Marex Group plc, MRX), had 39,661 ordinary shares withheld on May 22, 2026 to satisfy tax withholding related to the vesting of previously granted deferred bonus awards. The withholding is reported as a disposition valued at approximately $2,159,541 (39,661 shares × $54.45).

Key Details

• Transaction date: May 22, 2026; Form 4 filed May 27, 2026 (timely filing).
• Reported price: $54.45 per share (closing price on Nasdaq on May 21, 2026; footnote F2).
• Shares withheld (disposed): 39,661; total value ≈ $2,159,541.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnotes:
  • F1: Withheld shares were used to satisfy the tax withholding obligation on vesting of deferred bonus plan awards.
  • F3: The filing notes 111,183 shares underlying deferred bonus plan awards previously granted to the reporting person (each represents a contingent right to one ordinary share upon vesting).
• Transaction code: F (tax withholding), not an open-market sale.

Context

• This was a routine tax-withholding transaction tied to the vesting/settlement of deferred compensation awards — not an opportunistic open-market sale or purchase. Such withholdings are administrative and do not necessarily indicate a change in the insider’s view of the company.