Wartell Michael J. 4
Research Summary
AI-generated summary
Kelly Services Director Michael Wartell Receives Award
What Happened
Michael J. Wartell, a director of Kelly Services, was granted a one-time equity award of 5,000 shares on June 18, 2026. The award is reported at an acquisition price of $11.36 per share, for a total reported value of $56,800. This filing reflects an award/grant (transaction code A) rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-18; filing date: 2026-06-22 (filed within the typical 2 business-day window).
- Shares granted: 5,000; price per share shown: $11.36; total reported value: $56,800.
- Transaction type: Award/Grant (reported as a derivative acquisition on the Form 4).
- Shares owned after the transaction: not specified in the provided filing.
- Footnote: The grant is a one-time equity award granted in recognition of Wartell’s service as a member of Kelly’s Independent Special Committee.
Context
This was an equity award to compensate committee service, not a market purchase or sale — such grants are common for board or special-committee work and do not necessarily indicate the insider’s market view. As an award (derivative grant), it differs from an exercise or cash purchase; it reflects company compensation rather than a personal investment decision.