Kelly Services (KELYA) VP sees 1,025 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KELLY SERVICES INC executive Nicholas Zuhlke, VP and Chief Accounting Officer, reported a tax-withholding disposition of 1,025 shares of Class A common stock at $14.33 per share. These shares were withheld by the issuer to satisfy tax obligations related to vesting of previously reported restricted stock awards.
Following this non-open-market event, Zuhlke directly holds 23,457 Class A common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zuhlke Nicholas
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, Par Value $1 | 1,025 | $14.33 | $15K |
Holdings After Transaction:
Class A Common Stock, Par Value $1 — 23,457 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,025 shares
Withholding share value: $14.33 per share
Shares held after transaction: 23,457 shares
3 metrics
Shares withheld for taxes
1,025 shares
Shares of Class A common stock withheld to satisfy tax obligations on vesting
Withholding share value
$14.33 per share
Price used for the tax-withholding disposition of 1,025 shares
Shares held after transaction
23,457 shares
Directly held Class A common shares by Nicholas Zuhlke following the disposition
Key Terms
tax withholding obligations, restricted stock awards, tax-withholding disposition
3 terms
tax withholding obligations financial
"shares withheld by the issuer to satisfy applicable tax withholding obligations"
restricted stock awards financial
"in connection with the vesting of restricted stock awards previously reported"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
tax-withholding disposition financial
"reported a tax-withholding disposition of 1,025 shares of Class A common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did KELLY SERVICES INC (KELYA) disclose for Nicholas Zuhlke?
KELLY SERVICES INC disclosed that VP and Chief Accounting Officer Nicholas Zuhlke had 1,025 shares of Class A common stock withheld. The issuer used these shares to satisfy tax withholding obligations tied to vesting of previously reported restricted stock awards.
Was the recent KELYA insider transaction an open-market sale?
No, the KELYA transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer at $14.33 per share to cover taxes owed on vesting restricted stock awards previously granted to Nicholas Zuhlke.