Marex (MRX) CEO Nilesh Jethwa Receives 67,163-Share Award

What Happened

• Jethwa Nilesh, CEO of Marex Solutions, was granted/treated as acquiring 67,163 ordinary shares under Marex Group's 2022 Annual Long Term Incentive Plan on August 19, 2026. The filing reports a $0 acquisition price. The Remuneration Committee determined on August 19, 2026 that the performance conditions were met; the award remains subject to time-based vesting and will fully vest on September 6, 2026. This is an equity award (Code A), not a market purchase or sale.

Key Details

• Transaction date: 2026-08-19; Form 4 filed: 2026-08-21 (timely filing).
• Transaction type/code: Grant / Award (A).
• Shares reported: 67,163 shares @ $0.00 (total reported value $0).
• Shares owned after transaction: the Form 4 does not list total beneficial ownership. The filing also references 111,183 shares underlying previously granted deferred bonus awards (see footnote).
• Footnotes: F1 — award originally granted 9/6/2023 under the 2022 LTIP; RemCo confirmed performance conditions met 8/19/2026; award still subject to time-based vesting and will vest 9/6/2026. F2 — the filing’s share counts include the 67,163 LTIP shares plus 111,183 deferred bonus-plan awards; each is a contingent right to one ordinary share upon vesting/settlement.
• Filing timeliness: not marked late (filed two days after the transaction date).

Context

• This was an equity award becoming eligible to vest after performance targets were met; it does not involve cash payment or an open-market buy/sell at the reported time.
• Reported price $0 is common for granted awards and does not indicate market value; settlement and any subsequent sales (if any) would be reported separately when they occur.
• These awards remain contingent on the stated vesting conditions (time and prior performance determination), so they are not immediately tradable shares.