KELYA: CEO Layden Receives 290,276 Restricted Shares, Three-Year Vesting

Rhea-AI Filing Summary

Christopher D. Layden, President and CEO of Kelly Services Inc. (KELYA), received a restricted stock award of 290,276 shares on 09/15/2025 priced at $13.78 per share. The filing shows the shares were granted under the companys Equity Incentive Plan and are reported as directly owned following the grant. The award vests over three years: 15% on the first anniversary, 35% on the second, and 50% on the third, aligning long-term executive compensation with shareholder outcomes.

The Form 4 was signed by an attorney-in-fact on 09/16/2025 and reflects a single reporting person disclosure for this class of Class A common stock.

Positive

• Significant grant of 290,276 restricted shares aligns the CEOs interests with long-term shareholder value
• Structured vesting over three years (15%/35%/50%) promotes retention and performance focus
• Clear disclosure of transaction date (09/15/2025), grant price ($13.78), and direct ownership following the grant

Negative

• None.

Insights

Financial Analyst

TL;DR: CEO received a sizeable restricted stock grant that ties compensation to long-term performance without immediate sale.

The grant of 290,276 restricted shares at $13.78 per share is a conventional executive compensation action to retain and align the CEOs incentives with shareholders. The three-year graduated vesting schedule front-loads modest near-term vesting (15%) with larger incentives in years two and three (35% and 50%). For investors, this is a governance signal rather than an immediate cash impact: it increases potential future dilution but primarily serves retention and performance alignment purposes.

Corporate Governance Expert

TL;DR: Restricted stock award follows standard governance practice; vesting schedule promotes multi-year alignment.

The award is issued under the Equity Incentive Plan and reported as direct beneficial ownership. The staged vesting schedule is typical for CEO retention and long-term alignment. The Form 4 disclosure is complete in scope for this transaction, showing grant size, price, vesting percentages, and reporting dates. There is no indication of accelerated vesting or related-party deviations in the provided text.

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).

1. Name and Address of Reporting Person^*

Layden Christopher D.

(Last) (First) (Middle)

999 W. BIG BEAVER ROAD

(Street)

TROY MI 48084

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, and CEO

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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

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

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
Class A Common Stock, Par Value $1	09/15/2025		A		290,276(1)	A	$13.78	290,276	D

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

Explanation of Responses:

1. Restricted stock award granted under the Kelly Services Equity Incentive Plan. Shares will vest over three years, with 15% of the shares vesting on the first anniversary of the grant date, 35% vesting on the second anniversary, and 50% vesting on the third anniversary.

	/s/ Cynthia D. Mull, attorney-in-fact for Mr. Layden	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** 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.
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FAQ

What shares did KELYA CEO Christopher Layden receive on 09/15/2025?

He received a restricted stock award of 290,276 Class A common shares under the companys Equity Incentive Plan.

At what price were the restricted shares for KELYA granted?

The Form 4 reports a grant price of $13.78 per share for the restricted stock award.

What is the vesting schedule for the KELYA restricted stock award?

The shares vest over three years: 15% on the first anniversary, 35% on the second, and 50% on the third.

How many shares does Christopher Layden beneficially own after the reported transaction?

The filing shows 290,276 shares beneficially owned following the reported transaction.

Who signed the Form 4 for this transaction and when was it filed?

The Form 4 was signed by Cynthia D. Mull, attorney-in-fact for Mr. Layden and dated 09/16/2025.