Simon van den Born, President of Marex Group Ltd (NASDAQ:MRX), filed a Form 4 on August 21, 2026, disclosing the acquisition of 33,582 ordinary shares on August 19, 2026, at a price of $0 under the company's 2022 Annual Long Term Incentive Plan.

Key Highlights

  • Shares acquired: Simon van den Born received 33,582 ordinary shares on August 19, 2026, at a price of $0.
  • Source of shares: The award was originally 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 performance conditions, including a minimum return on equity underpin and growth in adjusted operating profit before tax, had been satisfied.
  • Full vesting date: The award will fully vest on September 6, 2026, subject to continued service through that date.
  • Total beneficial ownership: Following the transaction, Van Den Born beneficially owns 1,498,834 ordinary shares directly.
  • Included in total: The 1,498,834 shares include 272,659 shares underlying deferred bonus plan awards previously granted to the reporting person.

Marex President's LTIP Award Details and Ownership Position

According to the filing, Simon van den Born, identified as President of Marex Group Ltd, received 33,582 ordinary shares on August 19, 2026, under a transaction coded "A" (acquired), at a stated price of $0. The shares originated from an award granted on September 6, 2023, under the issuer's 2022 Annual Long Term Incentive Plan. The filing discloses that the award was subject to both performance conditions and a continued-service requirement 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. Those conditions, as described in the filing, included "a minimum return on equity underpin and growth in adjusted operating profit before tax." The award "remains subject to time-based vesting and will fully vest on September 6, 2026," according to the filing's explanation of responses.

Following the reported transaction, Van Den Born's direct beneficial ownership stands at 1,498,834 ordinary shares, according to the filing. The filing clarifies that this total includes the 33,582 shares vesting under the 2022 Annual Long Term Incentive Plan as well as 272,659 shares underlying deferred bonus plan awards previously granted to the reporting person. 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 Simon van den Born on August 21, 2026.

What Was Disclosed

The filing discloses the acquisition of 33,582 ordinary shares by Marex Group's President under a long-term incentive plan award originally granted in 2023, following a determination by the Remuneration Committee that performance conditions were satisfied, with full vesting expected on September 6, 2026.