Pietrowicz John W. 4
4 · Marex Group plc · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Marex (MRX) Director John Pietrowicz Sells 558 Shares for Taxes
What Happened
John W. Pietrowicz, a director of Marex Group plc (MRX), had 558 ordinary shares withheld to satisfy tax withholding tied to vested restricted share awards. The shares were valued at $52.94 each (closing price used), for a total disposition of $29,541. This was a tax-withholding disposition (code F), a routine administrative action rather than an open‑market sale meant to signal investment intent.
Key Details
- Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely filing).
- Transaction type/code: Tax withholding to satisfy tax liability (Code F).
- Shares withheld/disposed: 558 shares at $52.94 per share = $29,541.
- Footnote F1: Shares were withheld to satisfy tax obligations related to the vesting of previously reported restricted share awards.
- Footnote F2: The $52.94 price is the closing price on Nasdaq on May 29, 2026.
- Shares owned after transaction: Not disclosed in this Form 4.
Context
Tax-withholding dispositions are common when restricted shares vest; the company withholds a portion of the shares to cover required taxes. This is an administrative transaction and does not necessarily indicate the director’s view on the company’s stock.
Insider Transaction Report
- Tax Payment
Ordinary Shares
[F1][F2]2026-06-01$52.94/sh−558$29,541→ 21,701 total
Footnotes (2)
- [F1]Represents the number of ordinary shares withheld to satisfy the tax withholding obligation in connection with the vesting of certain previously reported shares underlying restricted share awards.
- [F2]The price reported represents the closing price of the Issuer's ordinary shares on the Nasdaq Stock Market LLC on May 29, 2026.