Kelly Services (KELYA) director defers cash retainer into stock units

Rhea-AI Filing Summary

Kelly Services director Edward Escudero reported an award of 3,155 derivative units tied to Class A Common Stock at $8.51 per share. The award was made indirectly through the company’s Non-Employee Directors Deferred Compensation Plan as part of his cash retainer.

After this compensation-related acquisition, the plan holds 6,887 derivative units for his benefit, with the award exercisable from January 30, 2026 and expiring March 18, 2036. This is a routine non-cash director compensation event, not an open-market stock purchase or sale.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Escudero Edward

(Last) (First) (Middle)

999 W. BIG BEAVER ROAD

(Street)

TROY MICHIGAN 48084

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
KELLY SERVICES INC [ KELYA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class A Common Stock, Par Value $1	$0	03/17/2026		A		3,155(1)		01/30/2026	03/18/2036	Class A Common Stock, Par Value $1	3,155	$8.51	6,887	I	by Issuer's Non-Employee Directors Deferred Compensation Plan

Explanation of Responses:

1. Cash portion of retainer deferred into Class A Common Stock pursuant to Kelly Services, Inc. Non-Employee Directors Deferred Compensation Plan.

	/s/ Cynthia D. Mull, attorney-in-fact for Mr. Escudero	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did KELLY SERVICES INC (KELYA) report for Edward Escudero?

Edward Escudero reported receiving 3,155 derivative units linked to Kelly Services Class A common stock at $8.51 per share. This was a compensation-related grant through the Non-Employee Directors Deferred Compensation Plan, reflecting deferred cash retainer rather than an open-market stock purchase.

Was the KELYA Form 4 transaction a stock purchase or a compensation award?

The transaction was a grant/award acquisition, not an open-market stock purchase. Escudero deferred his cash director retainer into Class A common stock units under Kelly Services’ Non-Employee Directors Deferred Compensation Plan, making this a routine non-cash compensation event.

How many Kelly Services (KELYA) shares or units does Edward Escudero hold after this Form 4?

Following the reported award, the deferred compensation plan holds 6,887 derivative units tied to Kelly Services Class A common stock for Escudero’s benefit. These indirect holdings reflect accumulated deferred retainers rather than direct share purchases in the open market.

What are the key dates for Edward Escudero’s KELYA deferred stock award?

The reported derivative award is tied to an exercise date of January 30, 2026 and an expiration date of March 18, 2036. These dates define when the compensation-related units become exercisable and when the right to acquire the underlying Class A shares ends.

How is Edward Escudero’s KELYA award held according to the Form 4?

The award is held indirectly through Kelly Services’ Non-Employee Directors Deferred Compensation Plan. The Form 4 notes the nature of ownership as “by Issuer's Non-Employee Directors Deferred Compensation Plan,” indicating the units are plan-based, not directly owned trading shares.