ManpowerGroup (MAN) director logs deferred stock units and share awards

Rhea-AI Filing Summary

ManpowerGroup Inc. reported insider equity activity by a director on January 1, 2026. The director settled 2,357 shares of previously granted deferred stock into an equal number of ManpowerGroup common shares on a 1-for-1 basis and held 20,865 common shares directly afterward.

The filing also details several deferred stock unit awards. These include small awards of 79, 82, and 108 deferred stock units received in lieu of dividends, using an average trading price of $41.48, and a larger annual grant of 6,054 deferred stock units under the company’s 2011 Equity Incentive Plan at a market price of $29.73 on the last trading day of 2025. These units are fully vested or vest over 2026 and will convert into common stock on future dates or upon the director’s termination of service, each on a 1-for-1 basis.

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

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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).

X

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^*

VAN HANDEL MICHAEL J

(Last) (First) (Middle)

MANPOWERGROUP INC.

100 MANPOWER PLACE

(Street)

MILWAUKEE WI 53212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ManpowerGroup Inc. [ MAN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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
Common Stock	01/01/2026		M		2,357	A	(1)	20,865	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
Deferred Stock Units	(2)	01/01/2026		A(3)		79		(2)	(2)	Common Stock	79	$41.48(4)	2,357	D
Deferred Stock Units	(5)	01/01/2026		A(3)		82		(5)	(5)	Common Stock	82	$41.48(4)	2,447	D
Deferred Stock Units	(6)	01/01/2026		A(3)		108		(6)	(6)	Common Stock	108	$41.48(4)	3,227	D
Deferred Stock Units	(7)	01/01/2026		A(8)		6,054		(7)	(7)	Common Stock	6,054	$29.73(9)	6,054	D
Deferred Stock Units	(2)	01/01/2026		M			2,357	01/01/2026	01/01/2026	Common Stock	2,357	(1)	0	D

Explanation of Responses:

1. Settlement of shares of deferred stock in shares of ManpowerGroup common stock on a 1 for 1 basis.

2. The shares of deferred stock are fully vested on the date of grant and were settled in shares of ManpowerGroup common stock on a 1 for 1 basis on January 1, 2026.

3. Receipt of deferred stock under the Plan and the Terms and Conditions in lieu of dividends.

4. Represents the Average Trading Price (as defined in the Terms and Conditions).

5. The shares of deferred stock are fully vested on the date of grant and will be settled in shares of ManpowerGroup common stock on a 1 for 1 basis on the earlier of January 1, 2027 or within 30 days after the reporting person's termination of service as a director, except as otherwise provided in the Terms and Conditions.

6. The shares of deferred stock are fully vested on the date of grant and will be settled in shares of ManpowerGroup common stock on a 1 for 1 basis on the earlier of January 1, 2028 or within 30 days after the reporting person's termination of service as a director, except as otherwise provided in the Terms and Conditions.

7. The shares of deferred stock vest in quarterly installments on the last day of each calendar quarter during 2026 and will be settled in shares of ManpowerGroup common stock on a 1 for 1 basis on the earlier of January 1, 2029 or within 30 days after the reporting person's termination of service as a director, except as otherwise provided in the Terms and Conditions (as defined below).

8. Annual grant of deferred stock under the 2011 Equity Incentive Plan of the Company (the "Plan") and the Terms and Conditions Regarding the Grant of Awards to Non-Employee Directors under the Plan (the "Terms and Conditions").

9. Represents the Market Price (as defined in the Plan) on the last trading day of 2025.

	/s/ Michelle Nettles (pursuant to Power of Attorney previously filed)	01/05/2026
	** 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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FAQ

What insider transaction did ManpowerGroup (MAN) report on January 1, 2026?

The company reported that a director settled 2,357 deferred stock units into 2,357 shares of ManpowerGroup common stock on January 1, 2026, leaving the director with 20,865 common shares held directly.

How many deferred stock units does the ManpowerGroup (MAN) director receive in the annual grant?

The director received an annual grant of 6,054 deferred stock units under the 2011 Equity Incentive Plan, with the units vesting in quarterly installments during 2026 and later settling into common stock on a 1-for-1 basis.

What are deferred stock units in this ManpowerGroup filing and how are they settled?

Deferred stock units in this context are equity awards that are either fully vested on the grant date or vest over time and are ultimately settled in ManpowerGroup common stock on a 1-for-1 basis on specified future dates or upon the director’s termination of service.

At what prices were the ManpowerGroup (MAN) deferred stock units valued in this report?

Certain deferred stock units tied to dividend equivalents were valued using an Average Trading Price of $41.48, while the annual grant of 6,054 units used a Market Price of $29.73 on the last trading day of 2025, as defined in the company’s plan documents.

When will the ManpowerGroup director’s additional deferred stock units be settled into common shares?

According to the report, specified deferred stock units will settle into common shares on a 1-for-1 basis on the earlier of January 1, 2027, January 1, 2028, or January 1, 2029, or within 30 days after the director’s termination of service, depending on the grant.

Is the reporting person a director or officer of ManpowerGroup (MAN)?

The reporting person is identified as a director of ManpowerGroup Inc., with the Form 4 indicating the relationship as “Director” and the filing made by one reporting person.