A Form 4 filed with the SEC on August 21, 2026 discloses that Nilesh Jethwa, CEO of Marex Solutions, acquired 67,163 ordinary shares of Marex Group Ltd (NASDAQ:MRX) on August 19, 2026 under the company's 2022 Annual Long Term Incentive Plan.

Key Highlights

  • Shares acquired: Nilesh Jethwa acquired 67,163 ordinary shares at a price of $0 on August 19, 2026.
  • Post-transaction ownership: Following the transaction, Jethwa beneficially owns 314,517 ordinary shares.
  • Plan origin: The shares were granted on September 6, 2023 under Marex Group's 2022 Annual Long Term Incentive Plan.
  • Performance conditions met: On August 19, 2026, the Remuneration Committee determined that the performance conditions had been met.
  • Remaining vesting: The award remains subject to time-based vesting and will fully vest on September 6, 2026.
  • Deferred bonus shares included: Total beneficial ownership of 314,517 shares includes 111,183 shares underlying deferred bonus plan awards previously granted to Jethwa.

Marex Group LTIP Award Vesting Details for Nilesh Jethwa

According to the filing, Nilesh Jethwa, identified as CEO of Marex Solutions and an officer of Marex Group Ltd (NASDAQ:MRX), reported the acquisition of 67,163 ordinary shares on August 19, 2026. The transaction code is listed as "A" (acquired), and the price per share is reported as $0, consistent with the nature of a long-term incentive plan award settlement.

The filing explains that the underlying award was originally granted on September 6, 2023 under the issuer's 2022 Annual Long Term Incentive Plan. The award was subject to performance conditions, described in the filing as including "a minimum return on equity underpin and growth in adjusted operating profit before tax," as well as continued service through the third anniversary of the grant date. The filing states that on August 19, 2026, the Remuneration Committee of the issuer's Board of Directors determined that the performance conditions had been met. The award, however, remains subject to time-based vesting and, according to the filing, "will fully vest on September 6, 2026."

The filing further discloses that the total beneficial ownership figure of 314,517 ordinary shares reported following the transaction comprises two components: the 67,163 shares vesting under the 2022 Annual Long Term Incentive Plan, and 111,183 shares underlying deferred bonus plan awards previously granted to Jethwa. Each such award, the filing notes, "represents a contingent right to receive one (1) ordinary share of the Issuer upon vesting and settlement of the applicable award." The Form 4 was signed by Scott Linsley as Attorney-in-Fact for Nilesh Jethwa and filed on August 21, 2026.

What Was Disclosed

The filing reports a single acquisition of 67,163 ordinary shares by Nilesh Jethwa, CEO of Marex Solutions, at $0 per share under Marex Group's 2022 Annual Long Term Incentive Plan, bringing his total reported beneficial ownership to 314,517 ordinary shares.