Soares Nicola M 4

What Happened

• Nicola M. Soares, Senior Vice President of Kelly Services (KELYA), was granted two equity awards on 2026-02-10: 1,838 performance-based shares (valued at $19,556) and 11,899 restricted shares (valued at $126,605), both priced at $10.64 per share.
• To satisfy tax-withholding obligations related to prior vesting, the issuer withheld 2,229 shares (disposed) across several withholdings at $10.64 per share, totaling $23,716.
• Net effect of these actions: Soares acquired a gross 13,737 awarded shares ($146,161) and had 2,229 shares withheld for taxes, a net increase of 11,508 shares (net value ≈ $122,445). These were award grants and tax-withholding transactions — not open-market purchases or sales.

Key Details

• Transaction date: 2026-02-10; filing date: 2026-02-11 (timely). Price for all reported lines: $10.64 per share.
• Grants: 1,838 shares (performance share units) = $19,556; 11,899 shares (restricted stock award) = $126,605.
• Withheld/disposed: 2,229 shares withheld to satisfy tax obligations = $23,716 (sum of five withholding entries).
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes:
  • F1: Performance share units granted after certification of 2023 performance; these vest 100% on the 3rd anniversary of the grant.
  • F2: Restricted stock award under the Kelly Services Equity Incentive Plan; vests ratably over three years.
  • F3: Shares withheld by the issuer to satisfy applicable tax withholding obligations in connection with vesting.
• Transaction codes: A = Award/Grant, F = Tax withholding (disposition).

Context

• These transactions are routine equity compensation actions: an award grant (A) and issuer withholding of shares to meet tax obligations (F). Awards carry vesting schedules — the performance units vest in full three years after grant; the restricted shares vest over three years — so these are not immediate market purchases or sales.
• Withholdings to cover taxes are common and do not necessarily indicate a sell decision by the insider. This filing does not indicate a 10% owner transaction or use of a trading plan (e.g., 10b5-1).