Tax withholding trims Kelly Services (KELYA) SVP Nicola Soares’ share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kelly Services Senior Vice President Nicola M. Soares reported routine share dispositions related to tax withholding. On February 13, 670 shares of Class A Common Stock at $9.79 per share were withheld to cover taxes on vested restricted stock awards. On February 15, an additional 260 shares at $9.79 per share were similarly withheld. After these tax-withholding dispositions, Soares directly owned 53,545 shares of Kelly Services Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Soares Nicola M
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock, Par Value $1 | 260 | $9.79 | $3K |
| Tax Withholding | Class A Common Stock, Par Value $1 | 670 | $9.79 | $7K |
Holdings After Transaction:
Class A Common Stock, Par Value $1 — 53,545 shares (Direct)
Footnotes (1)
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FAQ
What insider transactions did Kelly Services (KELYA) report for Nicola M. Soares?
Nicola M. Soares reported two tax-withholding dispositions of Kelly Services Class A shares. On February 13, 670 shares were withheld, and on February 15, 260 shares were withheld, in connection with vested restricted stock awards.
Were the Kelly Services (KELYA) insider transactions open-market sales?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. Shares were withheld by Kelly Services to satisfy tax obligations arising from the vesting of previously granted restricted stock awards to Nicola M. Soares.
What does transaction code F mean in the Kelly Services (KELYA) Form 4?
Transaction code F indicates shares were disposed to pay exercise or tax obligations. Here, Kelly Services withheld shares from Nicola M. Soares to satisfy applicable tax withholding related to the vesting of previously reported restricted stock awards.